Paris: Earth imagery startup company Planet Labs has secured funding to launch an additional 72 satellites into low Earth orbit in the next 12 months, completing a 100-satellite constellation when added to the 28 shoebox-sized satellites released in February from the international space station. The company said that with 100 satellites its constellation will be able to collect images of the entire Earth every 24 hours.
The San Francisco-based company in a press statement issued to the media stated that the launches have been financed from a December capital raise that netted $52 million from investors led by Yuri Milner. Earlier financial backers of Planet Labs include Draper Fisher Jurvetson, O’Reilly Alpha Tech Ventures, Capricorn Investment Group, Founders Fund Angel, Data Collective, First Round Capital and Innovation Endeavors.
Source: Space News