KUALA LUMPUR, Nov 13 (Bernama) -- Orbital Insight, a geospatial analytics software industry leader, has completed a US$50 million Series D financing. (US$1 = RM4.15)
The company has now secured over US$125 million in funding from world-class investors and is positioned to increase its enterprise software market share among global corporations.
The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors including Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures and Goldman Sachs.
Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners and Lux Capital.
The new capital will be used to accelerate product innovation and expansion of the company’s software solution, Orbital Insight GO.
In May, the company launched its Orbital Insight GO platform in the American, European and Asian markets, experiencing a demand in seeking trusted geospatial data to quickly, accurately and economically analyse infrastructure, supply chains, commodities and areas of interest pertaining to national security.
The product today is trusted by leading financial services firms, Global 2000 companies, several United States government agencies and global non-profit organisations.
-- BERNAMA
No comments:
Post a Comment