With New Funding, Orbital Insight Expands Satellite Image Analysis for Commodities

Vendor plans to grow usage of satellite imagery to new areas of sales forecasts and commodities supply data.

el-saharara-oil-field-libya
Using ariel photography of oil storage facilities and measuring shadows, Orbital Insight can estimate the supply of oil.

The new investment from Sequoia, Bloomberg Beta and Lux Capital—all of which participated in Orbital Insight’s original seed funding around a year ago—and Google Ventures totals $8.7 million, and will enable the vendor to build and market new content services, while also allowing it to obtain valuable customer feedback about its services.

Currently, the vendor tracks the number of cars in the parking lots of 60 retail stores to see where consumers are shopping, then provides updated estimates of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: