GeoSpock, a UK-based big data analytics software developer spun out from University of Cambridge, closed a $12m series A round yesterday featuring 31 Ventures, a corporate venturing arm of property developer Mitsui Fudosan.
University venturing fund Cambridge Innovation Capital (CIC) led the round, which was closed following a $6.6m extension, and which included Parkwalk Advisors, Global Brain and angel investor Michael Marshall.
Founded in 2013, GeoSpock has developed a big data platform that can visualise a vast amount of data – up to several trillions of data points – in context within milliseconds.
The company is targeting clients in areas such as smart cities, internet-of-everything, autonomous fleet management, financial services, telecommunications and advertising technology.
The additional capital will allow GeoSpock to grow its commercial and engineering teams in Europe, the US and Japan. 31 Ventures and Global Brain, both of which are based in Japan, will assist GeoSpock with its expansion efforts in Asia.
GeoSpock had raised an initial $5.4m in series A funding from CIC and Parkwalk Advisors in 2015. The spinout had already received approximately $1.2m in seed capital from assorted angel investors in 2014.
– The original version of this article appeared on our sister site, Global University Venturing.