Planet Soars to New Heights: Raises $230 Million to Revolutionize Global Satellite Imagery and Insights

Planet, the premier provider of global, daily satellite imagery and insights, is thrilled to announce a groundbreaking funding milestone. Recently, the company successfully raised $230,000,000, a significant investment that underscores both the faith of its investors and the enduring relevance of its mission. Since its inception in 2010 by three visionary NASA scientists, Planet has been at the forefront of providing daily, unparalleled imagery of Earth’s landmass. Leveraging this vast pool of data, Planet empowers decision makers in business, government, and research institutions to innovate, grow revenue, and tackle some of the most pressing challenges of our times. The raised funds will be strategically deployed to expand Planet’s already impressive fleet of imaging satellites, further enhancing its capability to capture high-frequency, high-resolution data from every corner of the globe. Additionally, the investment will bolster the development of cutting-edge online software, analytical tools, and machine-learning algorithms, ensuring that users have reliable and timely access to actionable insights. Such advancements are set to not only fortify Planet's standing as a global leader in satellite imagery but also extend its transformative impact on environmental monitoring, urban planning, disaster response, and a myriad of other critical sectors. With this enhanced capacity, Planet is poised for significant growth, accelerating global change visibility and deepening its commitment to making our world more observable, understandable, and manageable. To learn more about their innovative solutions and mission-driven services, visit https://www.planet.com/ or connect with them on Twitter (@planet) and Facebook (planetlabs).