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Venture Capital News: LeoLabs Completes $65M Series B Round

2021-06-03
MENLO PARK, CA, LeoLabs today announced it has closed a $65 million Series B financing round.
LeoLabs, the leading commercial provider of low Earth orbit (LEO) mapping and Space Situational Awareness (SSA) services, today announced it has closed a $65 million Series B financing round, jointly led by Insight Partners and existing investor Velvet Sea Ventures. With this round, LeoLabs has raised over $100 million in total capital.

Founded in 2016 as a venture-funded spinout of Silicon Valley research pioneer, SRI International, LeoLabs provides access to critical mapping and space situational awareness (SSA) data for low Earth orbit. LeoLabs' services include collision prevention, risk assessment, launch and early orbit support, constellation monitoring, and commercial SSA. LeoLabs today serves space agencies, commercial satellite operators, defense, and scientific/academic organizations that are driving generational change in LEO. LeoLabs' core technology includes a patent-pending global phased-array radar network which tracks debris and satellites in LEO. Observations generated from this network are the foundation of the LeoLabs mapping and SSA software platform, providing timely analytics and accurate orbital and situational data.
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