New York-based private equity firm Antarctica Capital has acquired a majority stake in Descartes Labs, which offers a software-as-a-service platform built to help government and enterprise users analyze geospatial intelligence data.
Antarctica Capital operating partners Richard Davis and Graeme Shaw will serve as CEO and chief operating officer, respectively, of Descartes Labs as part of the deal, the investment company said Thursday.
Santa Fe, New Mexico-headquartered Descartes Labs designed its technology to automate the analysis of geospatial and remote sensing data for customers across the agriculture, mining, consumer goods and government sectors.
“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,” said Chandra Patel, managing director of Antarctica Capital.
