SKYBOX IMAGING RAISES $3M IN SERIES A FINANCING
Palo Alto – July 31, 2009: Skybox Imaging, an early stage startup spun out of Stanford University, today announced the successful completion of its Series A financing of $3 million led by Khosla Ventures. The company will use its first round of financing to expand the team and further the development of the preliminary design for the first two satellites.
With this investment, Pierre Lamond, partner at Khosla Ventures, will join Skybox Imaging’s board of directors.
“We are very excited to be working with the phenomenal team at Khosla Ventures,” says Julian Mann, Skybox Imaging CTO. “Onwards and upwards!”
About Skybox Imaging
Skybox Imaging is a commercial remote sensing startup seeking to revolutionize access to information that describes the daily activity on our planet. Founded in 2009, Skybox is designing, manufacturing, and operating the world’s first coordinated constellation of high-resolution microsatellites in order to deliver timely imagery and video of any spot in the world. Skybox headquarters is in Mountain View, California. For more information, please visit www.skyboximaging.com and follow Skybox Imaging on Twitter.
About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough scientific work in clean technology areas such as solar, battery, high efficiency engines, lighting, greener materials like cement, glass and bio-refineries for energy and bioplastics, and other environmentally friendly technologies as well as traditional venture areas like the Internet, computing, mobile and silicon technology arenas. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, California. For more information visit www.khoslaventures.com.