Satellogic Partners With African Company GeoTerraImage
Satellogic has signed a deal to provide satellite data to African geospatial solutions company GeoTerraImage. The data will be used for large-scale agriculture management and to develop new food systems and food-security solutions. Financial terms of the deal were not disclosed.
According to the agreement announced Thursday, GeoTerraImage will use Satellogic’s high-resolution multispectral satellite data and low-latency hyperspectral data and proprietary software for new agricultural analysis and dashboards. These will be used by organizations across Africa and beyond. GeoTerraImage said it will use Satellogic’s imaging to identify different types of architecture and building structures to enhance network planning data products.
“For telecoms, Satellogic’s high frequency update is an advantage both in terms of the likelihood of acquiring cloud free, usable imagery when it is needed, as well as ensuring up-to-date relevance of image content,” said Mark Thompson, Director at GeoTerraImage.
Satellogic is in the midst of a deal to go public with a special purpose acquisition company (SPAC) with an $850 million valuation.