SpaceCurve Raises $10M Series B Financing

  SpaceCurve Raises $10M Series B Financing

      Brings Unmatched Performance to Big Data Applications and Services

Business Wire

SEATTLE -- 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
 
Press spacebar to pause and continue. Press esc to stop.