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Space debris tracker LeoLabs raises $65 million

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The company’s radar site in Costa Rica.

LeoLabs

LeoLabs, a private venture that tracks objects and debris in low Earth orbit through a network of radars around the world, raised $65 million in capital in a new fundraising round, the company announced on Tuesday.

“It’s a great endorsement of our success to date and where we’re headed,” LeoLabs CEO Dan Ceperley told CNBC. “We’re the largest data provider for [low Earth orbit] in the world now … we’ve stepped beyond anybody in the public or private [sectors].”

LeoLabs raised the new capital from Insight Partners and prior investor Velvet Sea Ventures. Including this round, the company has raised more than $100 million in total since its…



Source cnbc.com

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