Antarctica Capital acquires a controlling interest in Descartes Labs
Affiliates of Antarctica Capital , an international private equity firm, have acquired a controlling interest in Descartes Labs , a solutions provider of geospatial intelligence to commercial and government clients. The acquisition complements Antarctica’s existing portfolio of companies spanning New Space, Data Analytics and Digital Infrastructure.
Descartes Labs is a geospatial intelligence company that automates the analysis of geospatial imagery for users, enabling planetary scale analysis through artificial intelligence and machine learning. The company also supports a diverse set of federal government customers to curate, normalize, and fuse multi-source data to provide geospatial-aware actionable insights and autonomous tipping and cueing solutions through Descartes Labs Government.
Concurrent with the transaction, Antarctica operating partners Richard Davis will serve as Chief Executive Officer and Graeme Shaw will serve as Chief Operating Officer of Descartes Labs. Mr. Davis and Mr. Shaw are both highly regarded executives with decades of experience in satellite technology, data analytics and corporate finance.