PALO ALTO, Calif., Nov 13 (Bernama-GLOBE NEWSWIRE) — Orbital Insight, the leader of the geospatial analytics software industry, announced today the completion of a $50 million Series D financing. The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and others. Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Orbital Insight has now secured over $125 million of funding from these world-class investors and is positioned to increase its enterprise software market share among global corporations.
The new capital raised will be used to accelerate product innovation and expansion of the company’s software solution, Orbital Insight GO, which today provides decision-making analytics powering greater profitability, operations, and policies with geospatial applications. Current use cases include supply chain monitoring, real estate analysis, infrastructure mapping, and defense and intelligence.