Planet Labs, the US based private startup that intends to create an ‘Earth-imaging satellite network with open data access’, just leveled up with a planned $70 million Series C round funding.

The funding round which brings the total investment into to the company to $95 million, was led by Data Collective includes a debt facility of $25 million from Western Technology Investment, wrote CO-founder and Chief, Will Marshall in the blog post that made the announcementon Monday.

As a followup of the funding, Zachary Bogue, Data Collective’s Co-Managing Partner, will join the Planet Labs board. New investors include Yuri Milner, Draper Fisher Jurvetson, Capricorn Investment Group, O’Reilly Alpha Tech Ventures (OATV), Founders Fund and First Round Capital among the others.

This development comes in the wake of the hiring of industry veteran, the former CEO of Rackable Systems (now SGI) as their Chief Operating Officer.

The outfit has already launched 73 satellites dubbed Doves, the latest two of which went into orbit on the 10th of this month on a Falcon 9 rocket designed my Elon Musk’s SpaceX.

Unlike conventional satellites that are meant to stay in orbit indefinitely, the doves are much lighter and stay at a lower altitude with an orbit time of 1-3 years, providing the industry’s most frequently updated imagery of any place in the world at 3-5m resolution.

Planet Labs names two customers the US based Woolpert and the Australian mapping company Geoplex.

Read more here.


(Image credit: Planet Labs)
Previous post

The Most Interesting Man in Data Science

Next post

Data-Driven Home Improvement Platform Porch.com Secures $65M in Funding