Descartes Labs, a satellite data analytics startup based out Santa Fe, USA has announced that it has raised $30 million in a series B round led by LA-based March Capital. You might remember about Descartes Labs from its prediction of corn production in the US.
Building a data refinery for satellite industry
The funding will allow Descartes Labs to build what it calls a “data refinery” for the physical world – processing petabytes of satellite imagery to provide actionable insights to companies.
Descartes labs started out focusing on the agriculture industry but they are certainly looking to expand into other industries i.e. shipping & logistics, forestry, energy infrastructure, and human activity. Their announcement about the funding round on Medium is full of interesting details about their vision (Read: Announcing our $30M Series B).
The first version of the data refinery – The Descartes Labs Platform is available now for beta testing and if you’re interested in using it, you can reach out to Descartes labs via email.
Interesting times for the satellite industry! Curious to see the next big product launch from Descartes labs! Best wishes guys 🙂