GeoSpock to live long and prosper with $5.4m

GeoSpock, a spinout of Cambridge University, has secured $5.4m in its mission to become the Google of big data.

Parkwalk Advisors, the manager of Cambridge’s seed funds, participated in the round, alongside the university’s venturing fund Cambridge Innovation Capital with the fund’s chairman Victor Christou joining GeoSpock’s board. Along with the company’s $1.25m seed round last year, GeoSpock has now raised $6.65m from external sources.

The UK-based company is developing a real-time database of constantly changing big data, and has the ambition of becoming big data’s Google by offering a search function which clients from a range of industries can utilise in finding data to support their operations.

Christou added: “Big data creates a number of challenges: ‘how do you handle rapidly changing data, particularly from mobile devices’, ‘how can you scale the system and meet peaks in demand’, and ‘how can you maintain a responsive service to customers’. GeoSpock has developed a very efficient multi-dimensional database that addresses these challenges. It features simultaneous data read and write to increase throughput, and solves the ‘heat map’ problem of large amounts of transient, nearby data brilliantly.

“GeoSpock has a world-beating technology and we are keen that the company is able to stay and grow in Cambridge; for this reason CIC has joined the Series A investment round and looks to support the company for the long-term.”