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Geospatial Analytics Software Company Orbital Insight Raises $50 Million In Funding

Nov 18, 2019 - ICT Monitor Worldwide
Investments

Orbital Insight a leader of the geospatial analytics software industry announced that it raised $50 million in Series D funding co-led by Sequoia Capital and Clearvision Ventures with participation from Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and returning investors GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Including this funding round, Orbital Insight has now raised a total of $125 million.

The company is now positioned to increase its enterprise software market share among global corporations. And the new capital raised will be used for accelerating product innovation and expansion of the companys software solution called Orbital Insight GO which provides decision-making analytics powering greater profitability, operations, and policies with geospatial applications. The current use cases include supply chain monitoring, real estate analysis, infrastructure mapping, and defense and intelligence...