Satellogic has signed a deal to supply satellite tv for pc knowledge to African geospatial options firm GeoTerraImage. The information shall be used for large-scale agriculture administration and to develop new meals programs and food-security options. Monetary phrases of the deal weren’t disclosed.
Based on the settlement introduced Thursday, GeoTerraImage will use Satellogic’s high-resolution multispectral satellite tv for pc knowledge and low-latency hyperspectral knowledge and proprietary software program for brand new agricultural evaluation and dashboards. These shall be utilized by organizations throughout Africa and past. GeoTerraImage stated it is going to use Satellogic’s imaging to establish various kinds of structure and constructing constructions to boost community planning knowledge merchandise.
“For telecoms, Satellogic’s excessive frequency replace is a bonus each by way of the probability of buying cloud free, usable imagery when it’s wanted, in addition to guaranteeing up-to-date relevance of picture content material,” stated Mark Thompson, Director at GeoTerraImage.
Satellogic is in the midst of a deal to go public with a particular objective acquisition firm (SPAC) with an $850 million valuation.