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WASHINGTON - Apple cofounder Steve Wozniak's space data startup, Privateer, has raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services to Privateer's space data offerings, Privateer's CEO told Reuters.
The new funding allowed Privateer to close a deal to buy Palo Alto-based Orbital Insight on April 14, Privateer's CEO, Alex Fielding, said. Orbital, which fuses various sources of data such as cell phone location and satellite imagery as its intelligence offerings to customers, had been backed by Sequoia and Google Ventures.Privateer's acquisition will expand its offerings after revenue prospects in the space situational awareness market were limited, Fielding said.
Privateer is offering its SSA services to satellite imagery companies to help them task targets on Earth and maneuver their satellites around space junk in exchange for the hordes of satellite imagery ordered by their customers that could make for a near real-time mapping and intelligence service.
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