Orbital Insights Receives $50 Million in Series D Financing
Orbital Insight completed a $50 million Series D financing. The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors Invicta Growth, Bunge Ventures, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and others. Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Orbital Insight has now secured over $125 million of funding from these investors.
The new capital raised will be used to accelerate product innovation and expansion of the company’s software solution, Orbital Insight GO, which provides decision-making analytics aiming to improve profitability, operations, and policies with geospatial applications. Current use cases include supply chain monitoring, real estate analysis, infrastructure mapping, and defense and intelligence.
“Artificial Intelligence and Commercial Space are two of the most exciting and innovative areas of our time,” said Orbital Insight CEO and Founder Dr. James Crawford. “We’re proud and excited to be able to continue to bring them together to serve our mission of understanding what is happening on and to the Earth. We’re putting the power of geospatial analysis into our customers’ hands, allowing them to ask and answer their own questions about trends and events anywhere in the world.”