One of several startups aiming to harness technology allowing satellites to become smaller and less expensive
Reuters
SAN FRANCISCO (Reuters) - Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists, said on Tuesday it had raised $95 million to help build its business of selling satellite images and data to customers.
Data Collective, whose partner Zachary Bogue will join Planet Labs' board, led an equity funding round of $70 million. Western Technology Investment provided a debt facility of $25 million. All existing investors, including SpaceX backer Draper Fisher Jurvetson and Russian billionaire Yuri Milner, participated in the latest equity round.