Satellite imagery and Hadoop mean $70M for Skybox

Skybox Imaging, a startup that wants to capture and analyze high-resolution photos and videos of the Earth, has raised $70 million in Series C funding. The money will help Skybox its lineup of software engineers and data scientists that might be its secret sauce.

Parking Lots Help Predict Earnings

Market analysts are spying on us from above. UBS Investment Research has started incorporating analysis of satellite images of the parking lots of big-box retailers into its earnings estimates, forecasting an uptick in sales based on parking lot traffic where a drop was previously expected.