# Descartes Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/descartes-labs

- Industry: Software
- Headquarters: Santa Fe, US
- Website: www.descarteslabs.com
- Total disclosed funding: $58M
- Latest round: Series B (Oct 11, 2019)
- Investors on record: 11

## About

Based in New Mexico and founded in 2014, Descartes Labs, Inc., a.k.a. Descartes Labs operates as a software company that specializes in transforming global data into actionable, AI-driven insights to address complex challenges across industries. Leveraging advanced Earth observation and data analytics, the company serves sectors such as mining, insurance, and government. In October 2024, EarthDaily Analytics, a portfolio company of Antarctica Capital, acquired Descartes Labs, Inc.

Descartes Labs provides AI-driven platforms and solutions integrating Earth observation data for global enterprises. The company offers tools such as Marigold for mineral exploration, reducing preparation time and improving geological insights. Iris focuses on global deformation and subsidence monitoring, aiding in risk management. The Ascend platform delivers insurance intelligence, while market Insights forecasts commodity trends. Core services include automated data processing, predictive modeling, and visualizations. These solutions enable data analysis, uncover patterns, and support decision-making across industries such as mining, insurance, and government operations.

## Funding rounds

- Series B, Oct 11, 2019, $20M — Crosslink Capital, Union Grove Venture Partners, March Capital, Ajax Strategies
- Series B, Aug 24, 2017, $30M — Crosslink Capital, Cultivian Sandbox Ventures, Cargill Inc., March Capital
- Series A, Oct 27, 2015, $5M — Crosslink Capital, DCVC, TenOneTen Ventures, ValueStream Labs, Cultivation Sandbox Ventures
- Series A, Dec 19, 2014, $3.3M — Expansion Venture Capital

## Investors

- Expansion Venture Capital (https://capitalatlas.ai/funds/expansion-venture-capital) — Series A
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series B
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- TenOneTen Ventures (https://capitalatlas.ai/funds/tenoneten-ventures) — Series A
- ValueStream Labs — Series A
- Cultivation Sandbox Ventures — Series A
- Cultivian Sandbox Ventures (https://capitalatlas.ai/funds/cultivian-sandbox-ventures) — Series B
- Cargill Inc. — Series B
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series B
- Union Grove Venture Partners (https://capitalatlas.ai/funds/union-grove-venture-partners) — Series B
- Ajax Strategies (https://capitalatlas.ai/funds/ajax-strategies) — Series B