US-based geospatial analytics provider Descartes Labs has raised $30m in a series B round from investors including trading conglomerate Cargill.
The round was led by venture capital fund March Capital, while Crosslink Capital and Cultivian Sandbox also took part.
Descartes Labs is a spinout of Los Alamos National Laboratory, operated by the US Department of Energy. The company has developed machine learning technology to gain actionable insights from satellite imagery, processing thousands of gigabytes within hours.
The company hopes to grow its team from 40 staff to 50 or 60 by the end of this year and 100 next year.
Cultivian Sandbox previously led a $5m series A round in November 2015, with participation from Crosslink Capital, Data Collective, TenOneTen Ventures and ValueStream Labs. Crosslink had earlier led a $3.3m seed round in May 2015.