Here’s the Situation: Another $14M for Space-Time Insight’s ‘Situational Analytics’
Geospatial visualization software startup Space-Time Insight raked in another $14 million in a second round of funding – the announcement was made at the Utility Analytics Week convention today. New investors include Nuvus Energy Partners, and ClearSky Power & Technology Fund, while existing backers Opus Capital Ventures and Start Up Farms International (SUFI) also participated in the Series B funding.
Martin Aares of Nuvus and ClearSky’s James Huff and Tucker Twitmyer are joining the company’s board.
“As increasing volumes of data challenge businesses across a range of industries, Space-Time Insight’s innovative visual approach to analysis is a differentiator, especially in situations where users need to process, understand and make decisions on a lot of disparate information as quickly as possible.,” said said Gill Cogan, General Partner at Opus Capital Ventures. “We look forward to seeing what this next stage of investment will bring.”
Space-Time Insight caters to a very niche market – clients that need their insight to be location-aware, such as energy companies and public sector organizations that maintain our critical infrastructure.
Visualization is the means to enable the end user, no longer reserved for the data scientist, to understand what their data really means. And a number of different vendors and initiatives are based entirely on this medium.
Visual.ly is one example. The startup operates an infographic service that now has a feature called Visual.ly Create, which enables users to automatically generate graphs using their data.
Against All Odds Productions’ latest project provides yet another twist to data visualization. The Human Face of Big Data is a crowdsourced project that aims to determine the way people interact with data, and then visualize this insight for the end-users that power it. Against All Odds will release the HFOBD app later this month.
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