Seattle-based Spaceflight Industries is moving ahead on two fronts to build an online portal for satellite imagery: It has secured $18 million in new venture capital, and is acquiring a Virginia-based company called OpenWhere to create the software platform for distributing the images.
“It’s all about the democratization of data about the planet,” Jason Andrews, CEO of Spaceflight Industries, told GeekWire.
The current round of Series B financing is led by Mithril Capital Management, a San Francisco investment firm founded by Ajay Royan and PayPal veteran Peter Thiel. (Yes, that Peter Thiel.) Other contributors to the round include previous investors RRE Venture Capital; Razor’s Edge Ventures; and Vulcan Capital, Microsoft co-founder Paul Allen’s investment arm.
By the time the round is complete, Spaceflight Industries expects to raise as much as $25 million. That would bring cumulative investment in the privately held company to $53.5 million.