Descartes Labs, a company that provides information about Earth derived from satellite imagery, announced today that it raised $30 million in a series B round led by LA-based March Capital. Crosslink Capital, Cultivian Sandbox, and other investors who previously provided funding to Descartes also participated. Cargill, an agricultural conglomerate that is also one of the company’s customers, joined the round as well.
The funding will allow Descartes, which takes in tons of satellite imagery and processes it to help businesses make decisions and generate predictive models, to grow its business and tackle new data sources. Read rest here.