Total amount raised
$130.2 Millions
Latest funding date
Location
Orbital Insight has successfully raised significant funding through multiple rounds, with the latest being a Series E round closed on April 21, 2021. The company is backed by 25 investors, including Bossa Invest and Sand Hill Angels.
Orbital Insight specializes in geospatial analytics using AI and machine learning, offering a platform called TerraScope for rapid and scalable processing of geospatial data. Keep reading to explore the intricacies of Orbital Insight's fundraising journey and the investors backing this innovative platform.
What Is Orbital Insight?
Orbital Insight, founded in 2013, is a geospatial analytics company based in Palo Alto, California. The company specializes in using AI and machine learning to process geospatial data, providing actionable intelligence for business and policy decisions.
Founded by David J. La Placa, James Crawford, and Jeff Stein, Orbital Insight employs between 101-250 people. The company offers products like Orbital Insight GO and Supply Chain Intelligence, which help analyze global activities and derive insights using AI.
How Much Funding Has Orbital Insight Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: February 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop initial geospatial analytics capabilities.
- Series A
- Amount Raised: $8.7M
- Date: March 2015
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the development of their geospatial analytics platform.
- Series B
- Amount Raised: $20M
- Date: June 2016
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further develop their AI and machine learning capabilities.
- Series C
- Amount Raised: $50M
- Date: March 2017
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovation and expand their geospatial data offerings.
- Series D
- Amount Raised: $50M
- Date: November 2019
- Lead Investors: Sequoia Capital, Clearvision Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To increase enterprise software market share and enhance decision-making analytics.
- Series E
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and expanding product offerings.
- Series E
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: Bossa Invest, Sand Hill Angels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance their geospatial analytics platform and expand market reach.
Total Amount Raised: $130.2M
Current Valuation: Not publicly disclosed
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm known for investing in early and growth-stage companies. They have a significant presence in the technology sector and have backed some of the most successful startups globally.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, Oracle
- Clearvision Ventures
- Details: Clearvision Ventures is a venture capital firm that invests in technology companies. They focus on companies that leverage AI and data analytics to drive innovation.
- Investment Focus Areas: Technology, AI, data analytics
- Notable Investments: Orbital Insight
- GV (formerly Google Ventures)
- Details: GV is the venture capital investment arm of Alphabet Inc. They invest in a wide range of sectors, including technology and life sciences.
- Investment Focus Areas: Technology, life sciences, consumer products
- Notable Investments: Uber, Slack, Medium
- Goldman Sachs
- Details: Goldman Sachs is a global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Uber, Facebook, Spotify
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. They focus on companies that are at the forefront of innovation.
- Investment Focus Areas: AI, robotics, space
- Notable Investments: Zoox, Planet Labs, Shapeways
What's Next for Orbital Insight?
Orbital Insight stands at the cusp of significant growth, driven by the expansion of its Orbital Insight GO platform. The company is poised to capitalize on the increasing demand for geospatial data analytics in sectors like supply chain monitoring, real estate analysis, and defense. Strategic partnerships, such as with Airbus, further amplify their market reach.
With a strong financial backing of over $125 million, Orbital Insight is well-positioned for future fundraising opportunities. The continued innovation and expansion of their platform suggest potential for additional venture capital rounds or strategic investments. However, the company must navigate challenges such as maintaining technological leadership, scaling operations, and addressing regulatory concerns.
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