SpaceCurve, which is developing a big data platform that it says provides “instantaneous intelligence” for location-based services, commodities and other markets, today is announcing that it has raised $10 million in venture funding. Investors in the deal include Triage Ventures, Reed Elsevier Ventures and Divergent Ventures.
The money will be used to fund the Seattle company’s first product release this summer.
“In the rapidly changing and highly competitive big data market, SpaceCurve has shown an amazing ability to excite customers who are pushing the current limits of big data technologies and looking to build new applications and services to disrupt markets,” said Doug Derwin, managing director of San Francisco-based Triage Ventures.
The company, which raised $3.5 million last summer, is led by John Slitz who previously served as CEO of Systems Research and Development. That company was acquired by IBM, where Slitz served as general manager of the Threat, Fraud and Intelligence business unit.
“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,” Slitz told us last year. “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.”
Previously on GeekWire: SpaceCurve lands in Seattle, raises cash to analyze data feeds