CIC leads $6.6m series-A expansion for GeoSpock

Also taking part in the deal were new backers Global Brain and 31 Venture, and existing investors Parkwalk Advisors and Michael Marshall, bringing the total value of the series-A round to $13.2m.

The fresh capital will enable the business to build out its commercial and engineering teams in the UK, continental Europe, Japan and the US.

Company
Founded in 2013 and headquartered in Cambridge, GeoSpock is a database and data analytics company that focuses on large-scale data and the carrying out of real-time simulations of the human brain. Its products are designed for use in the autonomous vehicle, Internet-of-Things, advertising technology, telematics, financial services and telecommunications sectors.

People
Cambridge Innovation Capital – Victor Christou (CEO).
Parkwalk Advisors – Alastair Kilgour (chief investment officer).
Global Brain – Naoki Kamimaeda (partner).
GeoSpock – Richard Baker (CEO); Steve Marsh (founder, chief technology officer).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Venture