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Descartes Labs Raises $20 Million to Accelerate Our Mission and Welcomes Phil Fraher as CFO

| October 11, 2019

There’s never a dull moment over here at Descartes Labs. Between hosting the 2030 Governor’s Energy and Environmental Technology Summit with Governor Lujan Grisham, building our new methane monitoring solution for the Permian Basin, and pushing the limits of high performance computing by making the TOP500 list of the world’s fastest supercomputers with our cloud system, we’ve raised capital to accelerate our mission to build a digital twin of the planet.

Today, we’re thrilled to announce the completion of a $20 million Series B-2 bridge round of financing led by Union Grove Venture Partners (UGVP). The fresh capital brings our company’s total fundraising to almost $60 million. We are honored to be supported with additional funding by existing investors Crosslink Capital and March Capital Partners. Read rest here.

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