Orbital Insight Raises $50 Million to Track Economies From Space
- New funding round led by Sequoia Capital, Itochu and Geodesic
- Goldman sees multi-trillion dollar space market in two decades
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Orbital Insight Inc., the startup betting on using big-data analysis of satellite imagery to give investors a more accurate and timely view of the global economy, raised $50 million from U.S. and Japanese investors to bring its total funding to $78.7 million.
The Series C funding was led by Sequoia Capital, one of Silicon Valley’s top venture capital firms, and additional investors included Geodesic Capital and Japan’s Itochu Corp., Orbital said in a statement Tuesday. The four-year-old company’s valuation wasn’t disclosed.