
BlackBridge
Planet is designing, building and launching satellites faster than any company or government in history We use commodity consumer.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor investor investor | €0.0 | round |
$22.0m | Late VC | ||
Total Funding | 000k |
The story of BlackBridge is one of evolution in the geospatial intelligence sector. The company's roots trace back to RapidEye, a German firm founded in 1998 that operated a constellation of five satellites providing high-resolution Earth imagery. After facing bankruptcy in 2011, RapidEye was acquired by the Canadian company BlackBridge. This move marked a significant shift, and in November 2013, the company officially rebranded as BlackBridge, unifying its various components under a single name to offer end-to-end geospatial solutions, from satellite operations to data analysis and cloud services. Under the leadership of CEO Ryan Johnson, BlackBridge continued to innovate. In May 2014, the company secured C$22 million in financing to develop the next generation of its satellite constellation, signaling a strong future for its imaging capabilities. However, the landscape of the commercial space and data industry was changing rapidly. A major turning point came in July 2015 when Planet Labs, a burgeoning US-based Earth-imaging company, announced it would acquire BlackBridge. This strategic acquisition combined BlackBridge's valuable six-year archive of global imagery and its five-satellite RapidEye constellation with Planet Labs' agile approach to building and launching large fleets of smaller satellites. The deal positioned the newly combined entity as a dominant force in the market, merging BlackBridge's established data and distribution network with Planet Labs' vision for daily global imaging.