Seattle big data startup SpaceCurve has pulled in $3.5 million in new financing, including investments by Reed Elsevier Ventures and new investor Triage Ventures. Total funding in the 12-person startup, which moved to Seattle from Silicon Valley, now stands at just over $6 million. SpaceCurve has yet to start rolling out its service to customers, but CEO John Slitz expects initial tests with large corporate and government tests to begin later this year with a full launch in the first quarter of 2013.
“What has been developed at SpaceCurve is a more flexible and extensible method for storing data, and we see very high interest and utilization of this in unstructured data scenarios, which we’re calling geospatial sensor and temporal data,” said Slitz. “We see ourselves as being able to move along three axes simultaneously, and that’s the complexity of the data, the size of the data and to be able to do this processing in real-time.”
Slitz is the former CEO of Systems Research and Development, which was acquired by IBM. At IBM, he served as general manager of the threat, fraud and intelligence business unit. Before IBM, he served as senior vice president of marketing at Novell.
Slitz said that there’s a nascent market opportunity in an area they describe as “immersive intelligence,” noting that they can help make better sense of location data.
“We believe that the difference between seeing a point on a map with latitude and longitude and a little bit of what’s going on around it, and almost being able to visualize that you are on that street corner and look to the right and see the stores and look to the left and see people and look straight down and see the cars and so forth is an immersive experience that helps with retail and emergency services and planning and also does a lot in terms of agriculture. It has a lot of value because of the immediacy of the calculation and the experience, and that takes the ability to handle huge amounts of data from varying data sets and doing it in real time. And that’s the goal that we are going after.”
Previously on GeekWire: SpaceCurve lands in Seattle, raises cash to analyze data feeds