The Upstart 100 is CNBC’s exclusive list of promising young start-ups, featuring a diverse group of companies that are building brands and breaking industry barriers on the path to becoming tomorrow’s household names. Selected from more than 500 nominees, each one was scored on eight equally weighted quantitative metrics (read more about our methodology here).
While there’s always focus on the billion-dollar-plus unicorns, there is now increasingly more investment activity taking place among younger start-ups. Venture capitalists poured a record $11.5 billion into early stage companies in the second quarter of 2018, according to PitchBook, while the average deal size reached a 10-year high of $18 million. Many companies that received some of that funding have made it onto this list. Read rest here.
With the introduction of low cost shoebox-sized cube satellites and the public release of government-funded satellite imagery over the web together has created a surge in new images of our planet coming online. This rapid growth of satellite image datasets has occurred in tandem with the scale-out potential of cloud infrastructure, which forms the basis for a novel opportunity in geospatial analytics. Descartes Labs, led by CEO Mark Johnson, is a Crosslink portfolio company based in New Mexico taking advantage of this massive data opportunity by building predictive models for organizations to make better business decisions. Read rest here.
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.
‘Disruptive’ may be a trendy word in startup pitches, but Inc. doesn’t throw around the term lightly. To qualify for Inc.’s list, founders needed groundbreaking ideas–and ambitious plans for bringing them to market. Check out the finalists: They’re working on ingenious ways to grow food indoors, develop diamonds in a lab, get you from Chicago to Detroit in just 25 minutes, and much more. Read the rest here.
“Software developed by startup Descartes Labs stitches together daily satellite images into a live map of the planet’s surface and automatically edits out any cloud cover. That makes for a nicer view, and also helps algorithms that automatically track changes in land use or vegetation.” Read the full article here.