Funding

Planet Labs Raises $118 Million In Series C Funding

90 Views

What does Planet Labs do?

Planet Labs, is a start up which focuses on the assembly of off the shelf electronics into advanced satellites which uses sharp aerospace technologies. This space and analytics company has pledged to cover the earth in tiny satellites using the aerospace technologies.

Planet Labs launches imaging satellites which map the entire planet for understanding the changing planet and ecosystems better. Its Planet Dove satellites act as planet’s line scanners, forming a exclusive data stream which helps solve the toughest challenges in the world and activates opportunities that change the industry.

How much Planet Labs was funded?

Planet Labs has raised $118 M in Series C funding on April 14th, 2015 by
International Finance Corporation.

Previous funding

  • $13.1M in Series A on June 25, 2013 from O’Reilly AlphaTech Ventures, Innovation Endeavors, First Round, Draper Fisher Jurvetson (DFJ), FF Angel LLC and Capricorn Investment Group
  • $52M in Series B funding on December 18th, 2013 from O’Reilly AlphaTech Ventures, Felicis Ventures, Lux Capital, Yuri Milner, Industry Ventures and Capricorn Investment Group
  • $70M in Series C on January 20, 2015 from Ray Rothrock, Felicis Ventures, Lux Capital, AME Cloud Ventures, Industry Ventures, and Innovation Endeavors
  • $25M in Debt Financing on January 20, 2015 from Western Technology Investment.

What is next for Planet Labs?

Planet Labs has raised $118 M in the latest Series C funding which the firm will use to build its low orbit satellite imaging system. The funding is important for economic development and disaster risk response. This investment will help communities and companies in developing countries grab the info the need to grow in a sustainable and smart way.

More about Planet Labs

Planet Labs was found on December 29th, 2010 by Chris Boshuizen, Robbie Schingler and Will Marshall. It has headquarters based in San Francisco, CA.

Related Posts