Antarctica Capital, an international private equity firm, has acquired a controlling interest in Descartes Labs, a provider of geospatial intelligence services for commercial and government clients.
The deal serves to compliment Antarctica’s portfolio of new space, data analytics, and digital infrastructure firms. Descartes delivers scientific analysis of geospatial, remote sensing, and diverse complementary data sets.
“Antarctica Capital has a strong institutional commitment to the geospatial and data analytics sectors and Descartes Labs will be very complementary to our other portfolio companies in these sectors,” commented Chandra Patel, managing director of Antarctica Capital. “We are committed to maintaining Descartes’ current business, while also providing the necessary capital and expertise to ensure the company’s growth. We are confident that Antarctica can build upon Descartes legacy of innovation and insights to enable the company to realize its immense potential.”