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Spire Grabs $40M in Series B Round

2015-06-30
SAN FRANCISCO, CA, Spire, a San Francisco-based satellite-powered data company, has just landed $40 million in Series B funding led by an earlier backer, Promus Ventures.
According to TechCrunch, Spire has just landed $40 million in Series B funding led by an earlier backer, Promus Ventures. Bessemer Venture Partners and Jump-Capital also joined the round, as did previous investors RRE Ventures and Lemnos Labs.

The financing brings the company's total funding to roughly $80 million - a fair amount for a company that employs just 57 people and turns three in September. Then again, Spire has huge ambitions to become a big player in the weather data market and to strengthen its position as a provider of maritime data. In fact, says David Cowan, a partner with Bessemer, by some time next year, Spire 'will have the largest constellation of satellites known to man.'
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