Tencent has led a series B round for satellite imaging provider Satellogic, having previously supported its 2015 series A.
US-based satellite data provider Satellogic closed a $27m series B round on Friday led by internet company Tencent and backed by venture capital funds Pitanga and CrunchFund and various undisclosed investors.
Founded in 2010, Satellogic has developed low-cost micro-satellites that are able to monitor surface areas at up to one metre of resolution. The close of the series B round followed the launch earlier this month of the company’s sixth satellite.
The micro-satellites are equipped with hyperspectral cameras and are…
