MAVA Member In-Q-Tel Invests and Announces Agreement with Orbital Insight
Orbital Insight, a geospatial big data company, today announced its $15 million Series B round led by GV (formerly Google Ventures), with participation from CME Ventures, and existing investors Sequoia Capital, Lux Capital, and Bloomberg Beta. Together with an investment and development agreement from In-Q-Tel (IQT), this investment adds $20 million to the company’s funding.
Orbital Insight works at the intersection of big data and the commercialization of space and is the first mover in large-scale analysis of satellite and UAV imagery. The company has developed algorithms to count and measure cars, roads, airplanes, clouds, haze, freshwater lakes, agricultural fields, buildings, and oil tanks to provide a big-picture understanding of the world quantitatively grounded in observation. The company works with more than 60 asset management firms, several U.S. government agencies, and two global non-profit organizations.