Planet and Google Boost Data Analysis Partnership
Planet and Google Cloud have expanded an existing partnership on data analysis. The companies announced Wednesday an agreement to create joint solutions with Planet satellite imagery and Google Cloud’s cloud-based infrastructure. Financial terms of the deal were not disclosed.
Under the agreement, government and enterprise customers will be able to use Google Cloud’s infrastructure and BigQuery data warehouse to process large volumes of Planet data. The companies said this renewed partnership reflects growing demand for planetary-scale satellite data analysis, powered by the cloud.
“Planet customers want scalable compute and storage. Google Cloud customers want broader access to satellite data and analytics. This partnership is a win-win for both, as it helps customers transform their operations and compete in a digital-first world, powered by Planet’s unique data set,” commented Kevin Weil, president of Product & Business at Planet.
Planet has a long history with Google from when it purchased Terra Bella and the SkySat constellation of satellites from Google in 2017.
Planet is in the midst of a deal to go public through a special purpose acquisition company (SPAC) merger. Planet will combine with dMY Technology Group, Inc. IV in a deal that values the company at $2.8 billion. The transaction is expected to bring $435 million in net proceeds