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Electrofuelon May 28, 2016 4:35am
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Planetary Resources Raises $21 Million For Earth Observation
Planetary Resources Raises $21 Million For Earth ObservationQuite an upbeat article when there's only 21MM involved.
Click here for article Excerpt from article But here and now, Earth observation has started to become a booming business, and a number of startups with different specialties have ahem launched in the past few years. By entering this market, Planetary Resources is able to build the capital they need for their long-term goal of asteroid mining. And their observation has some advantages over their competitors. The first being just the money. The fact that they raised over $20 million in Series A puts them at a distinct advantage compared to some companies that have not been able to raise that much, Ostrove told me. Also, their use of infrared and hyperspectral could be helpful. Companies that offer something that differentiates themselves from their competitors will have a leg up.