SpaceCurve, a US-based big data analysis company, has again upped its series A round, this time by $3.5m, from a consortium including publisher Reed Elsevier’s corporate venturing fund.
Venture capital firm Triage Ventures joined existing investors Reed Elsevier Ventures and VC peer Divergent Ventures in providing the A-extension.
In February, family-run venture fund Musea Ventures joined Reed Elsevier Ventures and Divergent in providing $2.7m to the A round. Reed Elsevier and Divergent had previously contributed to the round’s prior tranche in December last year, as well as an August 2010 seed round that raised $1.1m.
SpaceCurve is in the process of creating a spatial-temporal database that maps big data for location-based services, including social applications, commodities, defense and emergency services, and its products are expected to be launched next year.