Parkwalk Advisors has injected an additional $2.6m into GeoSpock, two months after the Cambridge spinout secured $12.8m in a round co-led by the fund manager.
GeoSpock, a UK-based big data analytics platform spun out of University of Cambridge, secured an additional £2m ($2.6m) in funding on Tuesday from Parkwalk Advisors, the fund management subsidiary of commercialisation firm IP Group.
The commitment follows a $12.8m funding round co-led by Parkwalk together with Cambridge Innovation Capital (CIC), the university’s patient capital fund, IP Group and 31 Ventures, a corporate venturing unit of property developer Mitsui Fudosan two months ago.
Venture firm Global Brain also co-led the January round that further featured telecoms firm KDDI, which invested through its through KDDI Open Innovation Fund and Supership DataMarketing Fund Program, and private investor Jonathan Milner.
Founded in 2013, GeoSpock is working on big data analytics software that is able to contextualise vast amounts of information for modern, large-scale infrastructure projects such autonomous vehicle fleet management, in under a second.
Pontus Noren has been appointed…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
