Orbital Insight Raises $50M for Image Analysis Space Race
Orbital Insight will use the new funding to expand its products, partnerships, and sales presence worldwide.
The funding round was led by existing investor Sequoia Capital, and included new investors Envision Ventures, Balyasny Asset Management, Geodesic Capital, Itochu Corp., and Intellectus Partners. Officials say that as the commercial space sector takes off, improvements in image frequency and resolution are enabling companies like Orbital Insight to create new tools for tracking socio-economic trends.
“We’ve only just begun to uncover a handful of signals, but we’ve already seen the impact they
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