Descartes Labs, the Santa Fe, New Mexico, United States-based company creating a digital twin of the planet, raised $20M in Series B-2 bridge funding.
The round was led by Union Grove Venture Partners (UGVP), with participation from existing investors Crosslink Capital, and March Capital Partners.
The company intends to use the funds to continue to expand operations and new product development efforts.
Descartes Labs is building a data-refinery on a cloud-based supercomputer for the application of machine intelligence to massive data sets. Today, the company is using its data refinery for satellite imagery. It currently processes images from the major NASA and ESA satellite constellations at scale, creating a digital data twin of the entire planet that monitors the whole earth, in near real-time. The company is headquartered in Santa Fe, New Mexico, and have offices in New York, San Francisco, Washington D.C., and Los Alamos, New Mexico.
FinSMEs
11/10/2019