Planet Labs Raises $95 Million

by | Jan 27, 2015

SpaceX_Falcon9

A SpaceX Falcon 8 rocket successfully delivered two of Planet Labs' Dove satellites to the International Space Station for launch.

Planet Labs recently closed a $70 million Series C round of financing, including $25 million debt for a total of $95 million in financing. Data Collective led this round of financing, which comes after the company's successful launch of 73 satellites, the opening of  a new headquarters in the heart of San Francisco and the addition of Tom Barton as chief operating officer.

The Planet Labs team has driven the company from a brilliant idea in a garage to one of the world's top 10 overall space powers in less than three years, with customers, revenue and technological advantage commensurate with that position, remarked Matt Ocko, co-managing partner of Data Collective, in a statement.

Planet Labs continues to expand its Cubesat satellite constellation despite the loss of 26 of the company's satellites aboard a failed Antares launch last fall.

Read more via Planet Labs' blog.

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