Thursday, August 24, 2017

March Capital Leads Funding For Satellite Imagery Analysis Startup

Los Angeles-based March Capital appears to be having a busy investment week this week, and has led an $30M, Series B funding in Santa Fe, New Mexico-based Descartes Labs, a developer of software used for satellite imagery analysis. Descartes Labs said the Series B funding was led by March Capital, and also included prior investors Crosslink Capital and Cultivian Sandbox. The round also included a customer, Cargill. Descartes Labs is a spinout of Los Alamos National Laboratories (LANL), and develops computer vision software used to automate the analysis of growing volumes of satellite imagery. March Capital was also an investor in Bridg, which announced a round of funding this week, too. More information »