The Norwest-backed satellite imaging and video company is set to be acquired by Google, which will use the technology in its map services.
US-based satellite imaging company Skybox Imaging agreed on Tuesday to a $500m acquisition by internet company Google, granting an exit to Wells Fargo-backed venture firm Norwest Venture Partners.
Founded in 2009, Skybox’s technology is capable of providing high-definition satellite images and video of the earth. It has also launched what it claims is the world’s smallest high-resolution imaging satellite.
Skybox had raised $91m in financing across three rounds, most recently a $70m series C round led by Norwest and Canaan…
