Investors are doubling down on Seattle’s SpaceCurve, a startup developing a new database and analytics technology.
The company raised $3.5 million, on top of the $2.5 million announced in February. Existing investors Reed Elsevier Ventures and Divergent Ventures increased their stakes and new investor Triage Ventures joined the round.
That should help the company grow its team from 12 to 32 over the next year.
SpaceCurve is in talks with a handful of customers in government and large enterprises. An alpha version of its product should be released in a few months, followed by a commecial release in March.
The Pioneer Square company is developing services built around a “spatial-temporal database” it created to handle and analyze enormous, complicated data sets in real time.
“We’re trying to change base technology here,” said Chief Executive John Slitz, an IBM veteran.