Orbital Insight spies corporates for $50m

May 4, 2017 • Robert Lavine

Itochu and existing backers Alphabet and CME Group were among the investors in a Sequoia Capital-led series C round for the satellite imagery analysis provider.

US-based geospatial software technology provider Orbital Insight completed a $50m series C round on Tuesday that featured trading group Itochu and subsidiaries of internet technology conglomerate Alphabet and trading exchange operator CME Group.

Venture capital firm Sequoia Capital led the round, which included Envision Ventures, Balyasny Asset Management, Geodesic Capital, Intellectus Partners and Lux Capital, while Alphabet and CME participated through their GV and CME Ventures vehicles respectively.

Orbital Insight is developing software that uses machine learning and computer vision…

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