Cambridge-based data analytics startup GeoSpock lands €4.6 million

British company GeoSpock has announced €4.6 million in additional funding to accelerate the development and adoption of what it calls the fastest, most scalable database on the market. This strategic investment round brings the total GeoSpock has raised to date to over €27 million. 

The round was led by nChain, a global digital ledger research and solutions technology company, and Cambridge Innovation Capital (CIC). GeoSpock also welcomed strategic investment from NTT DOCOMO Ventures, the investment arm of Japan’s premier provider of telecommunications and ICT services, with further backing from existing investors: Global Brain, Parkwalk, KDDI Innovation Fund, 31 Ventures, and Meltwind. 

With the emergence of connected vehicles, smart cities, and the deployment of IoT sensors, the amount of data produced globally has exploded. Traditional databases have proven too slow and cumbersome to provide genuine, real-time insights or be the basis for next-generation artificial intelligence and machine learning use cases. GeoSpock, founded in 2013, is disrupting the big data analytics market by producing a cost-efficient, scalable, and fast database that takes advantage of parallelism and distributed compute architectures.