SpaceCurve, a Seattle-based startup building a database designed to handle streams of geospatial data, has raised a $10 million Series B round from Triage Ventures, Reed Elsevier Ventures (see disclosure) and Divergent Ventures. The company launched in early 2012, and is promising customers the ability to build location-based products like Waze and a whole lot more.
SpaceCurve has been pretty silent since its inception, presumably because it’s busy building out a product that has to convince businesses to build applications or run analytics in ways they might not have even seriously considered before. By digesting myriad streams of data from mobile devices, sensors, social media and anything else spitting out data about time or places, the company claims on its website it can “tie people or entities to a precise point in time and space, immediately discover the social and semantic relationships between them, and deliver this real-time intelligence instantly to identify new opportunities, and support better decisions and more profitable actions.”
Digging through the marketing lingo, one can spot the opportunities SpaceCurve could help solve if it works as advertised. Rather than just knowing where someone or something is at any given time, you could know how they’re related to the other things around them and perhaps figure out who’s who among a sea of anonymous devices. Marketers trying to master geo-targeting might like these capabilities, as might intelligence agencies trying to, I don’t know, comb through metadata from millions of call records.
SpaceCurve closed a $3.5. million Series A round in August 2012 and has raised
$15.2 $17.3 million overall since it was founded in 2009.
Feature image courtesy of Shutterstock user twobee.
Disclosure: Reed Elsevier, the parent company of science publisher Elsevier, is an investor in Giga Omni Media, the company that publishes GigaOM.