Orbital Insight raises USD 50m investment

Geospatial analytics and software company Orbital Insight has closed a USD 50m Series C round led by existing investor Sequoia Capital, the company said.

New investors participating in the round are Envision Ventures, Balyasny Asset Management, Geodesic Capital, ITOCHU Corporation and Intellectus Partners.

Previous investors GV, Lux Capital, and CME Ventures participated in the Series C as well.

This latest round brings the four-year-old company´s total funding to USD 78.7m.

With this new round of funding, Orbital Insight plans to expand its portfolio of analytic products and grow its global strategic partnerships and sales presence in key international markets.

Orbital Insight provides large-scale analysis of satellite and unmanned aerial vehicle (UAV) imagery. The company´s client list includes financial services firms, Global 500 companies, several US government agencies, and global non-profit organizations.