GeoSpock raises funding
GeoSpock raises funding

Cambridge-based data analytics startup, GeoSpock has bagged €4.6 M in a funding round held in October 2020, led by nChain and Cambridge Innovation Capital (CIC) along with participation from NTT DOCOMO Ventures, ICT Services. Including previous investors Global Brain, Parkwalk Advisors, KDDI Innovation Fund, 31 Ventures, and Meltwind

The fresh funds will be used by GeoSpock to fast-track the development of its big data platform.

GeoSpock

Founded in 2013 by Darrin Disley and Dr. Steve Marsh, GeoSpock offers analytics, visualization & builds insight. Its cutting edge spatial big data platform is of immense use to people and their businesses. The platform includes multiple offerings whether it’s reducing harmful emissions by lessening traffic congestion or making the most of productivity by enhancing commercial operations. In just a few moments, GeoSpock utilizes tons of data points to identify hidden patterns. Thus, create a valuable new perception in markets spanning from maritime and logistics to smart cities and data technology.

Dynamic Data Fusion

GeoSpock DB, its unique, cloud-based catalog optimized for time, space, and device queries is a next-generation database created for high-performance analytics across any scale of data. Its unique technology enables you to carry out dynamic data fusion and quickly implement complex queries using SQL. Amidst the rise of connected vehicles, smart cities, and the disposition of IoT devices, the amount of data being produced has increased dramatically. Outdated databases have proven too sluggish and complex to provide genuine, real-time visions or be the basis for next-generation AI and ML use cases. 

GeoSpock

Data analytics is the future

GeoSpock is revolutionizing the big data analytics industry by producing an affordable, accessible, and fast database that takes advantage of parallelism and distributed computing architectures. 

CTO Dr. Steve Marsh said that as businesses have understood that unconventional analytics and rapid transformation is the key to building a good advantage in a data-driven world. So at some point in time when billion-row queries that took hours were deemed adequate, the market now demands trillions of rows and speedy results. He further went on to say that apart from performance and scale, database technology needs to be developed with the future of the connected world in mind, providing flexibility and cost predictability, just as the demands for big data continues to grow. 

He quoted , “We are excited to welcome our new strategic investors, and look forward to establishing key partnerships with global industry leaders in order to help improve the way we live, the way we move, and the way we consume.”

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Aishwarya writes about the startup ecosystem on VCBay. She is a third-year Computer Science engineering student who looks forward to exploring the world of startups and finance.

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