{"id":5110,"date":"2017-05-02T17:08:22","date_gmt":"2017-05-02T17:08:22","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/orbital-insight-closes-50m-series-c-led-by-sequoia.html"},"modified":"2017-05-02T17:08:22","modified_gmt":"2017-05-02T17:08:22","slug":"orbital-insight-closes-50m-series-c-led-by-sequoia","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/orbital-insight-closes-50m-series-c-led-by-sequoia.html","title":{"rendered":"Orbital Insight closes $50M Series C led by Sequoia"},"content":{"rendered":"


\n<\/p>\n

This morning Orbital Insight<\/a>, a geospatial analytics startup, announced that it had completed raising a $50 million Series C round of financing from Sequoia<\/a>. The fresh capital brings the company\u2019s total fundraising to\u00a0$78.7 million.<\/p>\n

Orbital Insight generates analytics\u00a0for businesses using satellite imagery and other data.\u00a0A product of deep learning and more readily available satellite imagery, the geospatial analytics space as a whole has drawn a lot of attention for the role it has played in the hedge fund industry.<\/p>\n

With images of retailer parking lots, companies like Orbital Insight have proven their ability to extrapolate out accurate revenue predictions for businesses in advance of official earnings reports. But as data and technology commoditize, startups have been racing to service new markets and simplify their offerings to avoid becoming clunky consultancies.<\/p>\n

With the news of today\u2019s Series C, Orbital Insight\u00a0has grown to become one of the most capitalized startups in the geospatial analytics space. Some of its\u00a0competitors,\u00a0Descartes Labs <\/a>and Spaceknow<\/a>\u00a0have raised\u00a0$8.28 million and $5.2 million respectively.<\/p>\n

New investors, Envision Ventures<\/a>, Balyasny Asset Management<\/a>, Geodesic Capital<\/a>, ITOCHU Corporation<\/a> and Intellectus Partners<\/a> joined Sequoia in today\u2019s round. And of course earlier investors,\u00a0GV<\/a>, Lux Capital<\/a> and CME Ventures<\/a> maintained their involvement\u00a0with participation.<\/p>\n

The diverse collection of investors hints heavily at ambitions of international expansion. Geodesic Capital is regularly involved in helping\u00a0startups access Asian markets and\u00a0Itochu itself is a Japanese firm.<\/p>\n

<\/p>\n

Featured Image: Orbital Insight<\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/aPExpcKuDC4\/<\/p>","protected":false},"excerpt":{"rendered":"

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