Skybox Imaging Raises $70M in Series C Financing
Summary
Skybox Imaging, a Mountain View, California early-stage provider of satellite imagery, video, and big data analytics, has raised $70m in Series C financing.The company plans to use the funding to complete the development and launch its first two high-resolution imaging microsatellites, SkySat-1 and SkySat-2.It will also use the funds to grow its team of software engineers and data scientists.SkySat-1 is slated to launch in fourth quarter of 2012 aboard an International Space Company (ISC) Kosmotras Dnepr rocket.Founded in 2009 and led by CEO Tom Ingersoll, Skybox offers high-definition video, as well as still imagery, and will utilize Hadoop to build a combined hardware and software chain capable of processing, extracting, and interpreting large amounts of pixel and derived data.