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CME Ventures joins GV's Orbital Insight round

First Published 28th June 2016

CME Ventures, Sequoia Capital, Lux Capital, and Bloomberg Beta Join GV in Series B to Invest in Macroscope for a more transparent world.

Palo Alto - Orbital Insight, a geospatial big data company, has 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.

To obtain its imagery, Orbital Insight has developed partnerships with the companies operating the largest five satellite constellations in the world, including DigitalGlobe, Airbus, Planet Labs, Rapid Eye, and Urthecast.

"The Orbital Insight solution can help our government customers apply machine learning techniques toward the problem of deriving insight and meaning from the ocean of commercially-available satellite imagery," said George Hoyem, Partner, Investments at In-Q-Tel.