News

Privateer's Orbital Insight Acquisition: A New Frontier in Space Data

Funding

May 7, 2024, 3:32 pm

Apple

ConsumerElectronicsHardwareInnovationSoftwareTechnology

Location: United States

Employees: 10001+

Founded date: 1976

Total raised: $400M

Sequoia Capital

DataSoftwarePlatformFinTechTechnologyServiceSaaSCloudAISecurity

Location: United States, California, Menlo Park

Employees: 51-200

Founded date: 1972

Orbital Insight

AgriTechAnalyticsArtificial IntelligenceDataDevelopmentInvestmentLearnScienceSoftwareSpace

Location: United States, California, Palo Alto

Employees: 51-200

Founded date: 2013

Total raised: $185.5M

Privateer, Steve Wozniak's space startup, has acquired Orbital Insight, raising $56.5 million to enhance its space data offerings. The merger will revolutionize mapping and intelligence services in the space industry, creating a new platform for real-time mapping and intelligence services. The acquisition of Orbital Insight will propel Privateer into the forefront of the space situational awareness market, offering crucial services for satellite navigation in an increasingly crowded orbit. With the integration of Orbital's TerraScope Earth observation platform, Privateer is set to transform the way satellite operators navigate in space, providing a game-changing solution for managing space traffic. This strategic move marks a significant milestone for Privateer and sets the stage for a new era in space data technology.