SpaceCurve Raises $10M Series B Financing

By Bob Gourley

From: http://ctolink.us/16GZFF7

SpaceCurve Raises $10M Series B Financing

Brings Unmatched Performance to Big Data Applications and Services

SEATTLE–(BUSINESS WIRE)–June 18, 2013–

SpaceCurve, the creator of a new big data platform designed to meet the increasing volume, velocity and variety demands of data in real time, today announced it has raised a $10M Series B round of financing. The round is led by Triage Ventures with participation from existing SpaceCurve investors Reed Elsevier Ventures and Divergent Ventures. The funds will be used to expand sales and marketing in support of the first release of the SpaceCurve platform scheduled for Q3.

“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 Triage Ventures. “We are happy to lead this new round to help SpaceCurve rapidly meet new customer demands that its next-generation platform promises.”

SpaceCurve is changing the value and economics for many areas of the big data market by solving the biggest challenge facing big data today: how to process and analyze large volumes, wide varieties and high velocities of data in real time. The next decade will bring epic growth in mobility and location-based services, and in the geospatial and sensor data volumes that will fuel the demand for immediate insights from multidimensional data. SpaceCurve’s platform was specifically designed to meet the future market requirements for round-trip real-time capture and analysis of multiple layers of machine-scale streaming data that traditional big data offerings cannot handle.

“We appreciate the support of our investors at this critical time in the company’s and the market’s history,” said John Slitz, CEO of SpaceCurve. “This round of financing allows us to remain at the forefront of the big data market and effectively provide immediately actionable intelligence that will be a requirement for companies in the future.”

For more information, visit www.spacecurve.com.

About SpaceCurve

SpaceCurve is a third-generation big data platform that delivers real-time immersive intelligence and drives innovation in location-based services. By continuously processing, fusing and analyzing multiple layers of spatial, temporal, sensor network, social media and other large sets of streaming data, SpaceCurve’s unique architecture allows organizations to leverage the transformative economics of real-time big data to achieve competitive advantage. SpaceCurve simultaneously meets the real-time volume, variety and velocity demands of big data that current technologies cannot handle to extend existing applications and provide a platform for new services in mobile, social media, financial trading, energy, communications, transportation, government and other markets.

    CONTACT: Spencer Communications

Cameron McCrady, 415-814-0248

cameron@spencercomm.biz

CTOvision Pro Special Technology Assessments

We produce special technology reviews continuously updated for CTOvision Pro members. Categories we cover include:

  • Analytical Tools - With a special focus on technologies that can make dramatic positive improvements for enterprise analysts.
  • Big Data - We cover the technologies that help organizations deal with massive quantities of data.
  • Cloud Computing - We curate information on the technologies enabling enterprise use of the cloud.
  • Communications - Advances in communications are revolutionizing how data gets moved.
  • GreenIT - A great and virtuous reason to modernize!
  • Infrastructure  - Modernizing Infrastructure can have dramatic benefits on functionality while reducing operating costs.
  • Mobile - This revolution is empowering the workforce in ways few of us ever dreamed of.
  • Security  -  There are real needs for enhancements to security systems.
  • Visualization  - Connecting computers with humans.
  • Hot Technologies - Firms we believe warrant special attention.

 

Recent Research

Request Your Invite to the 20 May 2014 Andreessen Horowitz Fed Forum in DC

Amazon Hopeful that Fire TV will Spread

What The Enterprise IT Professional Needs To Know About Git and GitHub

3D Printing… At Home?

Tech Firms Seeking To Serve Federal Missions: Here is how to follow the money

Creating The New Cyber Warrior: Eight South Carolina Universities Compete

Mobile Gamers: Fun-Seeking but Fickle

Update from DIA CTO, CIO and Chief Engineer on ICITE and Enterprise Apps

Pew Report: Increasing Technology Use among Seniors

Finding The Elusive Data Scientist In The Federal Space

DoD Public And Private Cloud Mandates: And insights from a deployed communications professional on why it matters

Intel CEO Brian Krzanich and Cloudera CSO Mike Olson on Intel and Cloudera’s Technology Collaboration

solid
About Bob Gourley

Bob Gourley is the publisher of CTOvision.com and DelphiBrief.com and the new analysis focused Analyst One Bob's background is as an all source intelligence analyst and an enterprise CTO. Find him on Twitter at @BobGourley