Cambridge-Based GeoSpock Secures an Additional $6.6M in Closing Its Series A Funding From Investors

PR72407

CAMBRIDGE, England, February 22, 2018 /PRNewswire=KYODO JBN/ --

     Unique architecture system powers the analysis of trillions of data points

in seconds

    GeoSpock(R) [https://geospock.com ] - the extreme-scale data integration

platform that provides analytics, builds insight, and enables predictions

across space and time - today announced that it has raised an additional $6.6M

in closing its Series A funding round, bringing the total raised to $13.2M. The

round was led by Cambridge Innovation Capital (CIC) with existing investors

Parkwalk Advisors and Sir Michael Marshall. In addition, Japanese strategic

investors Global Brain and 31 Ventures also participated.

    GeoSpock aims to become the de facto processing engine at the heart of

next-generation infrastructure, including smart cities and Internet of

Everything (IoE), as well as powering future mobility applications, including

the management of autonomous vehicle fleets.

    The company's revolutionary data engine analyses extreme amounts of

contextual data in sub-second response times. It has the capability to

significantly improve artificial intelligence (AI) speed, enabling the use of

extreme data to train new systems, and can integrate and correlate information

from a wide variety of data sources at a moment's notice. The platform is used

by customers in the mobility, smart city, ad tech, financial services,

telematics, and telco sectors, who benefit from interactive analytics at scale.

    Richard Baker, CEO at GeoSpock commented: "The investment underpins

GeoSpock's significant growth projections, with a focus on developing and

growing its commercial and engineering teams in the UK, Europe, Japan, and the

US. We are privileged to have such a strong portfolio of investors with us on

this stage of the journey."

    Victor Christou, CEO of Cambridge Innovation Capital (CIC), commented:

"GeoSpock's products allow companies to assess and predict geographical demand

rapidly, to improve management and allocation of resources. The opportunity

presented by the analysis of geospatial data is huge and GeoSpock is at the

forefront of this innovation, helping companies use these insights to simplify

the complexity of data and make better commercial decisions as a result. We

welcome Global Brain and 31 Ventures, bringing their expertise to help GeoSpock

develop within the Asian market."

    Naoki Kamimaeda, Partner in charge of AI & Cyber Security at Global Brain,

added: "GeoSpock is transforming the way that geospatial and temporal data is

processed. Global Brain is excited to support a company whom we believe has a

unique offering for the problems caused by big data analysis and does it at a

speed of which other companies only dream."

    Alastair Kilgour, CIO at Parkwalk Advisors, commented: "The technological

development at GeoSpock since Parkwalk first invested has been staggering. The

ability to analyse "Big Geospatial Data" in real time is why the technology is

being trialled across multiple industries with initial strong traction in

media, autonomous vehicles and smart cities, where real-time data analysis is

crucial to a successful operational outcome. GeoSpock, when successfully

productised, will affect the way many live their lives."

    Dr Steve Marsh, Founder and CTO of GeoSpock, said: "It's no longer enough

to talk about big data; businesses are dealing with petabyte-scales of

information and are seeking ways to extract meaningful answers from their data

assets, which has to date been a costly and time-consuming process. GeoSpock's

architecture simplifies this process by improving speed and accuracy of

analysis to drive high-quality actionable insights - unlocking the potential of

extreme data across a wide variety of industry sectors. The completion of this

funding round enables GeoSpock to continue its rapid growth and provide

mission-critical solutions to help power smart infrastructure and future

mobility services."

    About GeoSpock GeoSpock(R) provides a data integration platform, which

visualises large amounts of contextual data in milliseconds. Its architecture

has the ability to analyse trillions of geospatial and temporal data points in

sub-second response time with its high performance, cloud-based services -

infin8(TM) [https://geospock.com/products ], illumin8(TM)

[https://geospock.com/products/illumin8 ], and extrapol8(TM)

[https://geospock.com/products ]. Conceived by Dr Steve Marsh while reading for

his PhD in Computer Science at Cambridge University and founded as a business

in 2013. GeoSpock is the future of big data management, providing

extreme-scale, high volume-ingest, ease of use, and interactive results. Learn

more at http://www.geospock.com

Media contact for GeoSpock

greta@geospockpr.com

+44-203-642-1124

SOURCE: GeoSpock