last modified
Jan 09, 2019 01:32 PM
ideaSpace alumni and extreme data specialists, GeoSpock, have secured an extra £10 million in funding. The latest round was led by Cambridge Innovation Capital (CIC) jointly with Parkwalk Advisors and Japanese firms Global Brain and 31Ventures. Japanese data tech company KDDI Supership joined as a strategic investor. Investment was also secured from existing investor, Jonathan Milner.
This latest funding injection takes GeoSpock's total investment raised to £19.5 million and will fast track GeoSpock's plans for international expansion, with particular focus on developing client bases in Singapore and Japan. It will also feed further product development in the areas of machine learning and data science.
Victor Christou, CEO of Cambridge Innovation Capital said: “We’re delighted to lead GeoSpock’s latest funding drive, enabling this exciting company to innovate and scale globally.
“The opportunity presented by geospatial data is huge and this funding will support GeoSpock in delivering geo-temporal data understanding and visualisation for the everything-connected world.
“We also welcome KDDI Supership to this investment, whose expertise, particularly in Asia, will help GeoSpock widen and deepen its global reach.”
Read in full here.
