About PlanetiQ
PlanetiQ is a company based in Golden (United States) founded in 2012 by Chris Charles McCormick and Robert Kursinski. It operates as a Data-as-a-Service, and Professional Services. PlanetiQ has raised $26.19 million across 4 funding rounds from investors including Access Venture Partners, New Science Ventures and AV8 Ventures. PlanetiQ offers products and services including GPS-RO Data and AI Insights. PlanetiQ operates in a competitive market with competitors including Planet, Spire, Capella Space, Descartes Labs and ICEYE, among others.
- Headquarter Golden, United States
- Founders Chris Charles McCormick, Robert Kursinski
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Sectors
Aerospace, Defense & MaritimeTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.19 M (USD)
in 4 rounds
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Latest Funding Round
$3.31 M (USD), Series B
Jan 30, 2023
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Investors
Access Venture Partners
& 9 more
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Employee Count
Employee Count
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Products & Services of PlanetiQ
PlanetiQ offers a comprehensive portfolio of products and services, including GPS-RO Data and AI Insights. 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.
High-resolution weather data is provided for accurate forecasting.
AI-driven insights are delivered for mission-critical decision-making.
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Software Development Team
3 people
Leadership Team
1 people
Sales and Marketing
1 people
Controller Team
1 people
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Funding Insights of PlanetiQ
PlanetiQ has successfully raised a total of $26.19M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $3.31 million completed in January 2023. 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 4
- Last Round Series B — $3.3M
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First Round
First Round
(10 Jul 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2023 | Amount | Series B - PlanetiQ | Valuation |
investors |
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| Sep, 2022 | Amount | Series B - PlanetiQ | Valuation |
investors |
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| Apr, 2022 | Amount | Series B - PlanetiQ | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PlanetiQ
PlanetiQ has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Access Venture Partners, New Science Ventures and AV8 Ventures. 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 |
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US focused early to expansion stage VC firm
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Founded Year | Domain | Location | |
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Early, mid, and late-stage investments are made in science sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are supported by AV8 Ventures through investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PlanetiQ
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PlanetiQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Planetiq Comparisons
Competitors of PlanetiQ
PlanetiQ 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 Planet, Spire, Capella Space, Descartes Labs 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 satellite imagery data and analytics solutions are provided.
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| domain | founded_year | HQ Location |
Cloud, AI, and satellite-based data analytics solutions are developed.
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| domain | founded_year | HQ Location |
Satellite-based imaging solutions are provided using synthetic aperture radar.
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| domain | founded_year | HQ Location |
Earth satellite imagery solutions are provided for monitoring applications.
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| domain | founded_year | HQ Location |
AI and microsatellite-based imaging solutions are developed for data monitoring.
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| domain | founded_year | HQ Location |
Satellite solutions for space debris removal are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Planetiq
Frequently Asked Questions about PlanetiQ
When was PlanetiQ founded?
PlanetiQ was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Where is PlanetiQ located?
PlanetiQ is headquartered in Golden, United States. It is registered at Golden, Colorado, United States.
Who is the current CEO of PlanetiQ?
Ira Scharf is the current CEO of PlanetiQ.
Is PlanetiQ a funded company?
PlanetiQ is a funded company, having raised a total of $26.19M across 4 funding rounds to date. The company's 1st funding round was a Series B of $2.97M, raised on Jul 10, 2019.
What does PlanetiQ do?
PlanetiQ is focused on delivering mission-critical global GPS-RO weather data and AI-driven insights. Operations span multiple sectors including government, defense, aviation, energy, agriculture, and insurance. High-resolution atmospheric data is provided to improve forecasting precision and support decision-making. Solutions are tailored for industries facing weather-related challenges, ensuring safety and operational efficiency. Partnerships with entities like NOAA and the U.S. military are maintained to enhance weather research and mission success.
Who are the top competitors of PlanetiQ?
PlanetiQ's top competitors include Planet, Capella Space and ICEYE.
What products or services does PlanetiQ offer?
PlanetiQ offers GPS-RO Data and AI Insights.
Who are PlanetiQ's investors?
PlanetiQ has 10 investors. Key investors include Access Venture Partners, New Science Ventures, AV8 Ventures, Valo Ventures, and Kodem Growth Partners.