Descartes Labs Stock
Data Refinery for Satellite Imagery
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About Descartes Labs Stock
Descartes Labs launched as a spin-out from Los Alamos National Laboratory in December of 2014. The underlying technology uses computer vision, machine learning, and cloud-based infrastructure to teach computers to see and understand the world around them. Initially, the technology was applied to develop an agricultural model to analyze corn and soy production in the United States. Using imagery from various satellite constellations, weather data, and other datasets, the model accurately predicted yield six months prior to the end of the growing season. Realizing the potential for the technology applied to use cases around the globe, Descartes Labs turned its focus to developing a cloud-based supercomputing platform for the application of machine intelligence to massive data sets. This platform could be used by anyone to develop intelligent learning models to do science on data, and make that data actionable. Capitalizing on the confluence of advances in AI and high-performance cloud computing – along with the rapid increase of sensors capturing information all over the globe – Descartes Labs has created an enterprise data refinery that enables organizations to model – and predict changes in – natural resources and the entire value chains in which they live. With an initial focus on satellite imagery, Descartes Labs processes a pipeline of data flows from all the major satellite constellations, at scale, to provide instant access to analysis-ready images of the entire world via a massive, searchable, on-demand interface. For example, petabytes of imagery can be searched and retrieved, and all features from various constellations accessed, in under 100 milliseconds. By collecting, normalizing, and presenting science-ready data generated by satellites, the Descartes Labs Platform is advancing and accelerating unique applications of machine intelligence for consumers, corporations, and governments worldwide. Descartes Labs is headquartered in Santa Fe, New Mexico, with offices in San Francisco, Los Alamos, and New York City.
Investors
G-Bar Ventures
March Capital Partners
Forter, ASAPP, Unqork, SparkCognition, Immuta, Earnin, Heal, Nile, Descartes Labs
ValueStream Ventures
Ajax Strategies
Union Grove Venture Partners
Funding History
May 2015 | $275K |
---|---|
May 2015 | $3.0M |
November 2015 | $5.0M |
August 2017 | $30.0M |
October 2019 | $20.0M |
Management
Chief Executive Officer
Phil Fraher
Co-Founder & Chief Technology Officer
Mike Warren
Chief Revenue Officer
Christian Solomine
Press
Santa Fe New Mexican - Jun, 2 2020
Descartes Labs seeks $750,000 state loan to make lease paymentsTechCrunch - Jan, 22 2020
Descartes Labs launches its new platform for analyzing geospatial dataSanta Fe New Mexican - Jan, 10 2020
Santa Fe's Descartes Labs installs new CEOSpace News - Oct, 11 2019
Descartes Labs raises $20 million to create Earth’s digital twinTechCrunch - Oct, 11 2019
Descartes Labs snaps up $20M more for its AI-based geospatial imagery analytics platform