New York, NY, Darmstadt, Germany – May 12, 2022 – Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, announced today that it has entered into a teaming agreement with Mayday.ai (“Mayday”), a German-based provider of real-time risk and disaster intelligence, to improve and democratize data intelligence for risk and disaster management.
The combined technological capabilities of the two companies will remove barriers between upstream and downstream EO data and establish new standards for risk and disaster intelligence. The time elapsed between a disaster event and data acquisition will be notably reduced. Analysis that often takes days to receive will gradually become available in minutes through collaborative iteration among Satellogic and Mayday.
The approach effectively leverages EO capabilities and advanced data processing with artificial intelligence. Mayday fuses machine learning with a high number of data sources which enables automated risk-modeling, insights for preventive action, real-time detection of disasters, and rich post-event analytics. This unique capability will be further enhanced by Satellogic’s rapidly growing constellation of satellites, which are expected to capture the entire surface of the earth in high-frequency, high-resolution imagery every week in 2023 and every day by 2025.
“We are incredibly excited to announce our collaboration with Satellogic, which will significantly disrupt this dynamic industry. Our efforts have always been centered around the democratization of pertinent data-driven insights, when needed most, and via the automation power of artificial intelligence. Satellogic feeds of a fast-expanding constellation of high resolution, and low-latency satellites will be fused with our innovative downstream services and made available to our end users in a seamless manner via our Esri-based solutions,” said Kian Mirshahi, CEO and Founder of Mayday.ai.
The two companies are pioneers with respect to the democratization of EO intelligence. The alliance will strengthen those efforts, as it will allow communities, companies, and individuals to obtain disaster insights more easily – something which has so far been largely reserved for governmental organizations.
“Emergency and disaster response can and deserves to be improved with valuable insights from timely Earth Observation data. Satellogic is proud to work with organizations like Mayday to modernize critical applications that can expedite rescue and recovery operations on the ground, ultimately saving more lives and mitigating risks at scale,” said Emiliano Kargieman, CEO of Satellogic.
Imagery: Eastern Australia flooding – February 2022 © Satellogic.Inc.