London-based private equity fund Zouk Capital joined existing investors Opus Capital Ventures, EnerTech Capital, and Novus Energy Partners.
Space-Time CEO Rob Schilling said, “To make critical decisions, companies worldwide need to analyze huge volumes of data residing in numerous silos across their IT and operational infrastructures in real-time.
“The Series C financing enables Space-Time Insight to extend the reach of situational intelligence, fulfilling the needs of those businesses and making a significant contribution to their bottom line.
“We are proud to have the support of our existing investors as well as Zouk Capital, which has a track record of growing businesses in new geographies across European and Asian markets.”
Space Time Insight offers geospatial and visual analytics solutions useful for analysing big data, such as with smart meters or smart grids.
Existing customers include Hydro One, Southern California Edison, the California ISO, and Sacramento Municipal Utility District.
The new funds will be used to further expand the company’s presence throughout the US, Asia, and Europe while increasing its product offerings for utilities, and oil and gas transportation companies.
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