The corporate team at UK Law firm Shoosmiths has advised GeoSpock on $5.4m in additional funding to accelerate the development and adoption of what is claimed to be the fastest, most scalable database on the market.
This investment round brings the total GeoSpock has raised to date to over $32 million. The team at Shoosmiths was led by partner Alistair Hammerton, alongside associate Michael Dyer, as well as tax partner Tom Wilde.
The round was led by nChain, a global digital ledger research and solutions technology company, and Cambridge Innovation Capital (CIC). GeoSpock also welcomed strategic investment from NTT DOCOMO Ventures, the investment arm of Japan’s premier provider of telecommunications and ICT services, with further backing from existing investors: Global Brain, Parkwalk, KDDI Innovation Fund, 31 Ventures, and Meltwind.
GeoSpock is disrupting the big data analytics market by producing a uniquely cost-efficient, scalable, and fast database that takes advantage of parallelism and distributed computer architectures. With the latest funding round, GeoSpock is able to invest in advancing its product and technical capabilities.
Richard Baker, CEO at GeoSpock said: “We are delighted to have attracted investment and partnerships from such an extraordinary global base of investors which includes market leaders in blockchain, telecoms, smart building & smart cities solution innovators. I’d like to say thanks to Al and the team at Shoosmiths for their valued advice and guidance throughout.”
Alistair said: “It’s exciting to see what the team at GeoSpock have planned and to share in their ambitions. It’s been a pleasure to assist them in this latest funding round, and we can’t wait to see what they can achieve.”