Spire to Expand Satellite Network with New Funding
July 30, 2014
Spire has raised $25 million in a Series A financing that it will use to expand its satellite network, data infrastructure and team. The round was led by RRE Ventures, and received participation from Moose Capital, Quihoo and Mitsui & Co. Global Investment. Spire, which will rebrand as Nanosatisfi, is a satellite-powered data company that provides data from any point on earth; it's deployed four of its small form factor satellites into space to date. It works with organizations that require insight into areas such as global trade, weather, shipping and supply chains, illegal fishing and maritime domain awareness.