The O'Reilly Media-backed satellite imaging company has closed the majority of a $70m series C equity round and a $25m credit facility.
Planet Labs, the US-based satellite imaging company backed by media company O’Reilly Media, achieved the first close of the “majority” of a $70m series C round yesterday.
Venture capital fund Data Collective led the tranche, which was provided by undisclosed new and existing investors and raised alongside a $25m debt facility from Western Technology Investment.
Founded in 2010 as Cosmogia, Planet Labs has now launched 73 satellites into space that provide imagery and data to specialised customers. The latest two…
