Cobalt Estonia has advised venture capital firm Karma Ventures on its investment in SpectX, a startup founded by former security engineers at Skype and Swedbank that is developing an analytics software solution for rapid processing of unlimited amounts of data.
According to Cobalt, SpectX's technology innovation "enables handling of machine-generated data in its original location rather than loading it into separate tools and databases for processing."
According to Margus Uudam, founding partner of Karma Ventures, the investors were impressed by the elegant technology behind SpectX. “There is no other product in the market as fast and flexible as SpectX for analysing large unstructured data sets," he said. "The professionalism of the team and the initial product they have built show significant potential."
Karma Ventures is an early-stage venture capital firm, specializing in late seed and A round investments in promising European tech startups.
The Cobalt team advising Karma Ventures included Partners Kristel Raidla-Talur and Pirkko-Liis Harkmaa, Associates Greete-Kristiine Kuru, Sille Rastas, and Aleksander Tsuiman, and Assistant Lawyer Christine Mägi.