Cambridge spinout GeoSpock hopes to generate between $19.9m and $26.5m to help push its geo-temporal data visualisation package into international markets.

GeoSpock, a UK-based big data analytics platform spun out from University of Cambridge, is targeting £15m to £20m ($19.9m to $26.5m) for its latest funding round, the Cambridge Independent reported yesterday.

No investors were confirmed for the round, which opened yesterday and is expected to close in late September or early October 2018. Hermann Hauser, director of Amadeus Capital Partners, reportedly marked his interest by attending GeoSpock’s recent open day.

Founded in 2013, GeoSpock develops big data analytics software products that contextualise vast quantities of information for modern infrastructure purposes such as smart cities, autonomous vehicle fleets and the internet of everything.

The product range includes a geo-temporal data visualisation terminal, Illumin8, that enables clients to map out aggregated information according to its specific geospatial location.

GeoSpock is raising the cash to support expansion into overseas markets as it prepares to open its first international branch in Singapore in September 2018.

The company recently filled the role of chief operating officer by appointing Allen Dickson, previously vice-president for sales in Europe, Middle East and Asia at online video distribution platform Brightcove.

GeoSpock previously secured $12m in a multi-tranche series A round closed in February 2018 and led by university venturing fund, Cambridge Innovation Capital (CIC), that included Parkwalk Advisors, the investment firm that manages University of Cambridge’s seed funds.

31 Ventures, a corporate venturing unit of real estate firm Mitsui Fudosan, also participated in the deal, as did venture capital firm Global Brain and private investor Michael Marshall.

CIC and Parkwalk both backed GeoSpock’s $5.4m round in 2015, also billed as a series A, after the spinout had obtained approximately $1.2m in seed capital from assorted angel investors the previous year.

GeoSpock was founded by chief technology officer Steve Marsh, who completed a PhD on Cambridge’s Computer Architecture Group building neural network simulations.

Marsh said: “GeoSpock is creating an operating system for the physical world. There is a need to process data, to navigate bureaucracy – there is so much wasted and duplicated effort.

“Data can be repurposed and repackaged for free – it is the insights that GeoSpock focuses on.”