Amazon: Emulating GeoSpark?

October 28, 2020

Despite pandemic-related networking challenges, analytics database firm GeoSpock is making its move. Tech in Asia reveals, “UK-Based Database GeoSpock Bags $5.4m to Expand Further into Asia.” Lead by nChain and Cambridge Innovation Capital, this investment round brings GeoSpock to over $32 million in capital raised to date. It seems these and other investors see merit in the company’s claim to offer “the most advanced analytics database,” tailor-made to provide analytics, visualization, and insights for today’s ultra-connected world. Reporter Doris Yu writes:

“The company plans to use the new funds to improve its product and technical capabilities, as well as accelerate the development and adoption of its database in the market, according to a statement. What problem is it solving? ‘With the emergence of connected vehicles, smart cities, and the deployment of internet of things (IoT) sensors, the amount of data produced globally has exploded,’ the company told Tech in Asia, adding that traditional databases are ‘too slow and cumbersome.’ GeoSpock said it aims to produce a ‘cost-efficient, scalable, and fast database.’ … GeoSpock CEO Richard Baker said the company aims to disrupt the US$386 billion IoT big data analytics market. It works with customers on a subscription basis and charges for compute nodes that are available for use. With the increasing adoption of digitization throughout Asia, the company said its expansion plans will initially focus on Singapore and Japan as it develops teams and partnerships across the region.”

GeoSpock already has footholds in Asia, where it is working with both public and private organizations on smart city, automotive, maritime, and telecommunications projects. Launched in 2013, the company is based in Cambridge. GeoSpock now employs about 40 folks worldwide, but expects to hire more technical and customer-service staff in Singapore and Japan within the next year.

What’s interesting is that there is a company called GeoSpark Analytics. Coincidence?

Cynthia Murrell, October 19, 2020

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