Skybox Imaging, a Mountain View, California early-stage provider of satellite imagery, video, and big data analytics, has raised $70m in Series C financing.
The round was led by Canaan Partners and Norwest Venture Partners, with participation from existing investors Khosla Ventures and Bessemer Venture Partners.
The company plans to use the funding to complete the development and launch its first two high-resolution imaging microsatellites, SkySat-1 and SkySat-2. It will also use the funds to grow its team of software engineers and data scientists.
SkySat-1 is slated to launch in fourth quarter of 2012 aboard an International Space Company (ISC) Kosmotras Dnepr rocket.
Founded in 2009 and led by CEO Tom Ingersoll, Skybox offers high-definition video, as well as still imagery, and will utilize Hadoop to build a combined hardware and software chain capable of processing, extracting, and interpreting large amounts of pixel and derived data.