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SpaceCurve scores $2.7M to analyze location data

Category : Stocks

By Derrick Harris, GigaOM

SpaceCurve, a Seattle-based
startup pushing a database designed for location data, has
raised
$2.7 million on the promise it can help application developers
better leverage the Internet of things. The money, which comes
from Reed Elsevier Ventures, Divergent Ventures and Musea
Ventures, will help SpaceCurve educate the market on its unique
database.

According to newly appointed CEO John Slitz, SpaceCurve could be
a godsend for companies in the mobile, advertising, financial,
intelligence and other sectors that need to analyze lots of complex
location data in a hurry. That could be geospatial, geotemporal,
network or sensor data that’s constantly created by devices
from mobile phones to water-safety monitors. The main problem, he
said, is that this type of data accumulates fast and doesn’t
necessarily follow any standard structures, so storing and
analyzing it can be a burden.

Read the original here: SpaceCurve scores $2.7M to analyze location data

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