March Capital leads Series B for Descartes Labs

Santa Fe, New Mexico-based Descartes Labs, a provider of satellite imagery based on machine learning applications, announced it has raised $30 million in a Series B round of funding led by March Capital. Existing investors Crosslink Capital and Cultivian Sandbox also participated in the round. Other investors included Descartes Labs customer Cargill. The company, spun out of Los Alamos National Laboratory in 2015, previously raised $8 million in early-stage funding.

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