GeoSpock, a Cambridge, UK-based extreme-scale spatial big data integration company that provides analytics, builds insight, and enables predictions across space and time, raised £10m in Seres A+ funding.
The round, which brought total raised to date to £19.25m, was led by existing backers Cambridge Innovation Capital (CIC) jointly with Parkwalk Advisors and Japanese firms Global Brain and 31Ventures. KDDI Supership joined as a strategic investor. Investment was also secured from existing investor, Jonathan Milner.
The additional funding will support GeoSpock’s international expansion strategy to help develop key client accounts, particularly in the strategic markets of Singapore and Japan. The investment will also allow the company to continue to invest in research and development, particularly in the areas of machine learning and data science.
Conceived by Dr Steve Marsh while reading for his PhD in Computer Science at Cambridge University and founded as a business in 2013, and led by Richard Baker, CEO, GeoSpock provides analytics, builds insight, and enables predictions across space and time. Its proprietary spatial big data platform visualises extreme amounts of contextual data in milliseconds. Its architecture has the ability to analyze trillions of geospatial and temporal data points in sub-second response time with its cloud-based services – infin8™, illumin8™, and extrapol8™.
The company powers future mobility applications, including the management of autonomous vehicle fleets, working with businesses across the automotive, telecoms, mobility, marine, media, and retail sectors.