Microsatellite Developer Spire Raised $40 Mln

Spire, a San Francisco-based microsatellite-powered data company, has raised $40 million in Series B funding. Spire launches shoebox-sized microsatellites generating really Big Data of weather readings on a string budget in comparison with their multi-billion large satellite brethren. It’s like IoT in the space, a number of portable and inexpensive sensors generating continuous flow of precious information, a classical Clayton M. Christensen’s disruptive technology case study.