Thursday, May 26, 2016

Planetary Resources Gets $21.1M, Turns Sensors Towards Earth

Redmond-based asteroid mining company Planetary Resources has raised $21.1M in a Series A funding, the company announced this morning, which it says it will use towards launching a new, Earth observation business called Ceres. The funding came from The funding was led by Bryan Johnson and the OS FUND, Idea Bulb Ventures, Tencent, Vast Ventures, Grishin Robotics, Conversion Capital, The Seraph Group, Space Angels Network, a syndicate of investors from Angel.co, and Google founder Larry Page. According to the company, it is using technology leveraged from its Arkyd spacecraft project for the earth-observation business, which will focus on finding natural resources on the planet Earth.