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October 7, 2015

UK IoT ‘brain’ scoops £3.5m funding

News: Database stores, searches and retrieves geospatial data in real-time.

By Joao Lima

Cambridge start-up GeoSpock has designed an IoT database that uses knowledge of how humans’ brains store, manage and retrieve information.

The company said the technology has been designed for the storage, search and retrieval of geospatial data in real-time and is capable of supporting the growing IoT ecosystem.

GeoSpock has also secured £3.5 million in a Series A round of funding to bring its product to market, with capital investment from organisations including Cambridge Innovation Capital.

Dr Steve Marsh, GeoSpock CEO, told CBR: "We took a clean-slate approach and started with the philosophy that this would have to run efficiently on 10,000+ machines.

"We also decided to focus on rapidly changing data for real-time use cases – it lead us to a different design space than traditional systems."

The database has also been secured to encrypt data during transit and also at rest.

Marsh said: "We also have additional security layers which allow each user or company to operate in a secure sandbox that’s only accessible by them."

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He said the solution also offers an extra privacy feature in order to obscure personally identifiable location information, allowing valuable demographic data to be extracted without compromising an individual’s privacy.

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