EarthDaily Analytics (EDA) is adding more artificial intelligence (AI) capabilities in announcing the acquisition of Descartes Labs.
Specifically, EDA said that Descartes Labs “offerings in insurance, energy, mining, and U.S. defense and intelligence” would be integrated with EDA’s current platform.
EarthDaily Analytics is a vertically integrated provider of Earth Observation data, analytics, and solutions. Descartes Labs provides “actionable intelligence for global enterprises.”
According to EDA, “The integration of Descartes Labs’ established insurance, energy, mining, and U.S. defense and intelligence business segments represents a major expansion of EDA’s earth observation (“EO”) and value-added products into market segments with a diversified existing customer base and significant growth potential.”
Don Osborne, CEO of EarthDaily Analytics, said, “We are thrilled to welcome the Descartes Labs team into the EarthDaily Analytics family. Having worked closely with DL in recent months, we have been deeply impressed by their unique knowledge and insights in the application of geospatial data to address key challenges facing the public and private sectors. Moreover, drawing on the success of our agriculture business and our proven capabilities in using broad area change detection to identify and address issues on the ground, we see DL as being highly complementary to EDA’s overall business.”
Osborne added, “The full extent of this synergy will become undeniable with the 2025 launch of the EarthDaily Constellation, which will change the game in EO with daily imaging of the world’s landmasses and relevant maritime areas, creating a scientific-quality data source purpose-built for AI applications.”
In July SpaceQ spoke with Chris Rampersad, VP Engineering at EarthDaily Analytics, about the constellation, which was originally scheduled to launch in 2023, and the progress they’ve made on it. At the time Rampersad said they were “still on schedule for 2025.”
The EDA constellation will be 9 satellites plus one spare and weigh approximately 225 kilograms. Each optical imager will observe over 22 spectral bands with a spatial resolution of 5 metres.
Chandra Patel, Managing Partner of Antarctica Capital and Chairman of EarthDaily Analytics, added, “Antarctica Capital has a strong institutional commitment to the geospatial and data analytics sectors. We believe this merger will unlock significant opportunities for growth and innovation, with the newly combined Company positioned to be a vertically integrated industry leader focused on leveraging its data, software, and data analytics as a service platform, driven by AI and machine learning. Antarctica Capital remains committed to supporting EDA through this exciting new chapter.”