Descartes Labs, a Los Alamos, NM-based developer of a deep learning AI platform for satellite imagery, raised $5M in Series A funding.
The round was led by Cultivian Sandbox, with participation from Crosslink Capital, TenOneTen, DataCollective, and ValueStream Labs. As a result of the funding, Andy Ziolkowski, a managing director of Cultivian Sandbox, is joining the board.
The company intends to use the funds to advance the technology.
Led by CEO Mark Johnson and CTO Steven Brumby, Descartes Labs develops a deep learning, Artificial Intelligence platform that uses satellite imagery to gain a better understanding of global crop production. The solution handles visual data coming from such sensors as satellites, UAVs, cameras, cell phones, etc., and then uses deep learning and artificial intelligence to teach computers how to identify information included in visual data. Once they’ve identified things in single scenes, they look for patterns over time to understand what’s changed, what’s changing, and unveil differences.
FinSMEs
21/11/2015