About Descartes Labs
Descartes Labs is a company based in Santa Fe (United States) founded in 2014 by Steven Brumby, Adam Smith, Mark Mathis, Michael S Warren, Tim Kelton, and Rick Chartrand was acquired by EarthDaily Analytics in October 2024.. Descartes Labs has raised $58.37 million across 6 funding rounds from investors including Antarctica Capital, SBIR and Union Grove Venture Partners. The company has 72 employees as of December 31, 2022. Descartes Labs offers products and services including Marigold, Iris, Ascend, and Geospatial Platform. Descartes Labs operates in a competitive market with competitors including Esri, Planet, Spire, DigitalGlobe and ICEYE, among others.
- Headquarter Santa Fe, United States
- Employees 72 as on 31 Dec, 2022
- Founders Steven Brumby, Adam Smith, Mark Mathis, Michael S Warren, Tim Kelton, Rick Chartrand
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Descartes Labs, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$58.37 M (USD)
in 6 rounds
-
Latest Funding Round
$1.5 M (USD), Grant
Jul 08, 2020
-
Investors
Antarctica Capital
& 11 more
-
Employee Count
72
as on Dec 31, 2022
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Descartes Labs
Descartes Labs offers a comprehensive portfolio of products and services, including Marigold, Iris, Ascend, and Geospatial Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI system for accelerating mining exploration processes.
Automated platform for tracking subsidence and risks.
Tool for commodity forecasting and intelligence.
Platform integrating data for operational insights.
Unlock access to complete
Software Development Team
17 people
Sales and Marketing
7 people
Leadership Team
7 people
Human Resources and Administration
3 people
Data Analysis and Operations Team
2 people
Intermediate Team
2 people
Product Management Team
2 people
Senior Team
1 people
Unlock access to complete
Funding Insights of Descartes Labs
Descartes Labs has successfully raised a total of $58.37M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $1.5 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Grant — $1.5M
-
First Round
First Round
(28 Oct 2014)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Grant - Descartes Labs | Valuation |
investors |
|
| Oct, 2019 | Amount | Series B - Descartes Labs | Valuation | Union Grove Venture Partners | |
| Aug, 2017 | Amount | Series B - Descartes Labs | Valuation | March Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Descartes Labs
Descartes Labs has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Antarctica Capital, SBIR and Union Grove Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investments in growth-stage US tech companies are targeted.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in various sectors by Crosslink Capital.
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Descartes Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Descartes Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Descartes Labs Comparisons
Competitors of Descartes Labs
Descartes Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Esri, Planet, Spire, DigitalGlobe and ICEYE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based spatial analysis and location mapping software is provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based satellite imagery data and analytics solutions are provided.
|
|
| domain | founded_year | HQ Location |
Cloud, AI, and satellite-based data analytics solutions are developed.
|
|
| domain | founded_year | HQ Location |
High-resolution satellite imagery is provided through a proprietary constellation.
|
|
| domain | founded_year | HQ Location |
AI and microsatellite-based imaging solutions are developed for data monitoring.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Descartes Labs
Frequently Asked Questions about Descartes Labs
When was Descartes Labs founded?
Descartes Labs was founded in 2014.
Where is Descartes Labs located?
Descartes Labs is headquartered in Santa Fe, United States. It is registered at Santa Fe, New Mexico, United States.
Who is the current CEO of Descartes Labs?
Richard C Davis is the current CEO of Descartes Labs.
Is Descartes Labs a funded company?
Descartes Labs is a funded company, having raised a total of $58.37M across 6 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Oct 28, 2014.
How many employees does Descartes Labs have?
As of Dec 31, 2022, the latest employee count at Descartes Labs is 72.
What does Descartes Labs do?
Descartes Labs was founded in 2014 in Santa Fe, United States, within the geospatial technology sector. A data pipeline is operated to process large volumes of visual data from various sensors. Image recognition and pattern recognition are employed to extract relevant information from satellite imagery. Monitoring services are extended to agricultural production, energy infrastructure, urban expansion, and environmental effects across global regions.
Who are the top competitors of Descartes Labs?
What products or services does Descartes Labs offer?
Descartes Labs offers Marigold, Iris, Ascend, and Geospatial Platform.
Who are Descartes Labs's investors?
Descartes Labs has 12 investors. Key investors include Antarctica Capital, SBIR, Union Grove Venture Partners, Crosslink Capital, and March Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.