Skybox Imaging Raises $70M To Launch Two High-Res Imaging Microsatellites

Skybox Imaging just closed a massive $70M Series C round led by Canaan Partners and Norwest Venture Partners. Michael Arrington's CrunchFund got in on the action as well. The new investors join Khosla Ventures and Bessemer Venture Partners and brings Skybox Imaging's total amount raised to $91 million. The latest round of financing will allow Skybox to launch its first two high-resolution imaging microsatellites, dubbed SkyStat-1 and SkyStat-2. Eventually other microsatellites will join these two as Skybox surrounds the Earth with imaging satellites. It's the company's goal to provide high-resolution imagery of any spot on earth multiple times per day.

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