Space-Time Insight

Market position

Positioned as a provider of next-generation situational intelligence and real-time visual analytics for critical infrastructure operators; investor materials cited a global smart grid market projected by GTM Research to exceed $400 billion by 2020 with a compound annual growth rate above 8%. Comparable companies listed in industry directories include C3 AI, Enel X, Urbint, Blue Pillar and SHIFT Energy.

The company positioned its situational intelligence software around correlating, analyzing and visualizing large volumes of diverse real-time and historical data across both traditional IT and operational technology systems, a capability its investors described as differentiating it in real-time visual analytics for critical infrastructure.

Technology

Software that ingests and correlates data from multiple IT and operational silos and renders it as geospatial and analytics visualizations, dashboards, and rule/event processing, combined with IIoT technologies added through the GOFACTORY acquisition. Third-party profiling lists a web and cloud stack including Google Cloud, WordPress, MySQL and JavaScript libraries.

Go-to-market

Direct enterprise sales to large infrastructure operators, supported by partnerships with technology and consulting firms such as Accenture, EMC, Esri, IBM, OSIsoft and SAP, and by co-innovation arrangements such as the joint smart energy offering with NEC Corporation and SMUD.

Asset-intensive enterprises and infrastructure operators, including electric utilities, grid operators, oil and gas, shipping and transportation, and manufacturing companies. Named customers include Hydro One, Southern California Edison, the California ISO, the Sacramento Municipal Utility District and a global delivery services company.

Geography

Headquartered in San Mateo, California, serving customers in the United States and internationally; funding raised in 2013 was earmarked for expansion in the US, Europe and Asia.

History

Public listings place the company's founding in 2007 or 2008, with headquarters in San Mateo, California. In 2013 it raised $20 million in Series C financing led by new investor Zouk Capital alongside existing backers, with Zouk CEO Samer Salty joining the board. The company acquired industrial IoT firm GOFACTORY in June 2016, and a Form D covering $21.97 million of equity financing was filed in 2016. In August 2017 it announced a co-innovation model with NEC Corporation and SMUD. Nokia acquired Space-Time Insight in May 2018 for an undisclosed sum, after which it operated as a Nokia subsidiary and partnered with utilities such as PG&E.

Risks & controversies

Public data sources disagree on basic facts such as founding year (2007 versus 2008), employee count (approximately 21 to 70) and funding totals, and one aggregator entry mischaracterizes the company as a transportation analytics business raising a $10 million Series A in 2023.