GeoSpock, a Cambridge, UK-based provider of geospatial database technology, raised £3.5m in Series A funding.
Backers included Cambridge Innovation Capital, Parkwalk Funds, Dr Darrin Disley, Dr Jonathan Milner, Sir Michael Marshall, and Mr Richard Youngman. In conjunction with the funding, Victor Christou of Cambridge Innovation Capital joined GeoSpock’s board as a non-executive director.
The company intends to use the funds to to bring its first product to market.
Led by Steve Marsh, CEO, Darrin M Disley, Chairman, co-founder, GeoSpock leverages knowledge of how brains store, manage and retrieve information to offer a database capable of supporting the Internet of Things (IoT). Its first product is a cloud-based database service with an API designed to be suitable for all location-tagged information and able to deal with both enormous data sets as well as massive concurrent load.