Secured funding for expansion
SpaceCurve, a Seattle-based company specialising in big data, has secured USD10m in a funding round led by Triage Ventures. SpaceCurve, which launched in 2009, analyses big data sets in order to analyse and supply users with location, social and timeline data. SpaceCurve will use the new funding to target potential customers in industries such as mobile and energy.
“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.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
