In a Series B-2 bridge funding round, Descartes Labs achieved the funds of approximately $20 Million. With the latest achievement, the company focused on employing machine learning to the geo-spatial datasets now holds a total of around $60 Million.
The latest blog published on Medium highlights that Descartes is supposed to utilize the recently achieved funding to collect data from sundry satellites and form the Earth’s digital clone. With this development, the users are intended to get “instantaneous access to the total globe’s analysis-ready images through on-demand, searchable interface.” The post added that the data pipeline of Descartes labs is being continuously updated “with a huge quantity of the latest information from the sensors, present & past satellite data, and information from clients, to produce useful intelligence.”
While Descartes’ recent funding round was led by Union Grove Venture Partners, the company’s present investors including Ajax Strategies, March Capital Partners, and Crosslink Capital, showed their participation in it. The blog added that Descartes is supposed to use the recently added money to develop new products. In September, a formal announcement was done by the firm regarding its strategies to study and form prototypes of methane emissions in the Permian Basin, New Mexico. In order to keep the track of missions, the Copernicus Sentinel-5P Tropospheric Monitoring Instrument’s records along with past wind prototypes of the National Oceanic and Atmospheric Administration (the U.S.) and other data records will be combined by Descartes.
On a similar note, a successful launch of a satellite, Ionospheric Connection Explorer (ICON) intended to study the Earth’s ionosphere was carried out by NASA recently. By employing ICON, the connection between the terrestrial weather and space weather will be studied by the researchers along with a key highlight on the method of interaction between them.
Lydia completed the Bachelor of Science Degree in Astrophysics and recently joined the CMYK Digest platform. Although she is new in the field of writing, she has already become a favorite of her seniors due to her quick-learning abilities and extraordinary performance last year. Lydia has a tremendous interest in various space-related events and never gets bored to cover satellite launch news along with regular updates on the same. She also shows interest in writing various advancements in defense systems. The supremacy in her writing will never let you know that she has entered in this field just 2 years ago.