Total amount raised
$130.2 Million
Latest funding date
04/01/2021
Location
Orbital Insight has successfully raised funding over 7 rounds, with the latest being a Series E round. The company is backed by 25 investors, including Bossa Invest and Sand Hill Angels.
Keep reading to explore the intricacies of Orbital Insight's fundraising journey and the investors backing this innovative platform.
What Is Orbital Insight?
Orbital Insight, based in Palo Alto, California, specializes in building SaaS technology to understand global events using AI and machine learning. The company operates in various industries, including analytics, big data, computer vision, geospatial, machine learning, SaaS, and software.
With an employee count ranging from 101 to 250, Orbital Insight has been acquired by Privateer. The company has successfully raised funding through multiple rounds, with the latest being a Series E round.
How Much Funding Has Orbital Insight Raised?
- Seed Round
- Amount Raised: USD 1,500,000
- Date: February 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and establish a market presence.
- Series A
- Amount Raised: USD 8,700,000
- Date: March 2015
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series B
- Amount Raised: USD 20,000,000
- Date: June 2016
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology infrastructure.
- Series C
- Amount Raised: USD 50,000,000
- Date: March 2017
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovation and expand geospatial offerings.
- Series D
- Amount Raised: USD 50,000,000
- Date: November 2019
- Lead Investors: Sequoia Capital, Clearvision Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovation and expand the Orbital Insight GO platform.
- Series E
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI and machine learning capabilities.
- Series E
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance global event understanding through advanced analytics.
Total Amount Raised: USD 130,200,000
Current Valuation: Not publicly disclosed
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm known for investing in early and growth-stage companies. They have a strong track record of backing successful startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, Oracle
- Clearvision Ventures
- Details: Clearvision Ventures is a venture capital firm that invests in technology companies. They focus on innovative solutions in the software and data analytics sectors.
- Investment Focus Areas: Technology, software, data analytics
- Notable Investments: Not publicly disclosed
- GV (formerly Google Ventures)
- Details: GV is the venture capital investment arm of Alphabet Inc. They invest in a wide range of sectors, including technology and life sciences.
- Investment Focus Areas: Technology, life sciences, frontier technology
- Notable Investments: Uber, Slack, Medium
- Goldman Sachs
- Details: Goldman Sachs is a global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Facebook, Uber, Spotify
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. They focus on companies that are pushing the boundaries of innovation.
- Investment Focus Areas: Advanced materials, biotechnology, AI
- Notable Investments: Zoox, Planet Labs, Shapeways
What's Next for Orbital Insight?
Orbital Insight stands at the cusp of significant growth, driven by the expansion of its Orbital Insight GO platform. This platform's applications in supply chain monitoring, real estate analysis, and defense intelligence present vast opportunities. The surge in demand from American, European, and Asian markets underscores the potential for substantial market share growth.
Future fundraising appears promising, given the company's successful Series D round and strategic partnerships. These factors suggest that additional funding rounds could be on the horizon to further enhance their capabilities. However, challenges such as maintaining technological innovation and scaling operations to meet global demand remain critical. Ensuring data accuracy and reliability will also be pivotal as they navigate this growth trajectory.
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