Exclusive-Wozniak's space firm, Privateer, buys Orbital Insight, raises $56.5 million [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services to Privateer's space data offerings, Privateer's CEO told Reuters. Privateer, founded in 2021 to help satellite operators navigate in Earth's increasingly crowded orbit, closed its Series A funding round in April, led by space-focused venture capital firm Aero X Ventures with other investors including Luxe Capital, Boca, Starburst, and the Winklevoss twins. The news is expected to be announced later on Monday. Orbital's TerraScope Earth observation platform, designed to be a vast search engine based on recently captured satellite imagery from other companies, will combine with Privateer's satellite-tracking software. ADVERTISEMENT The new funding allowed Privateer to close a deal to buy Palo Alto-based Orbital Insight on April 14, Privateer's CEO, Alex Fielding, said. Orbital, which fuses various sources of data such as cell phone location and sat
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