News Release
BlackSky Secures $50M in Funding from Intelsat
Creates First Industry Relationship to Pair Earth Observation with Global Communications Infrastructure
The new capital will allow BlackSky to augment existing assets and alliances, ensuring BlackSky remains a leader in delivering actionable Earth intelligence faster, with greater accuracy and more affordably than anyone else in the industry. Over time, BlackSky could incorporate access to Intelsat’s robust global communications infrastructure, delivering first-to-know insights to customers no matter where in the world they are.
“BlackSky is enabling a whole new level of global intelligence by leveraging the economics of small satellites so that our customers will always be the first to know,” said Brian E. O’Toole, President and CEO of BlackSky. “It takes a lot of expertise, engineering and capital to make smallsats viable; BlackSky is the first company to overcome these challenges with proven economies of scale. This latest partnership is a vote of confidence in our ability to deliver industry leading insights to our customers from one of the biggest players in the market.”
With an established manufacturing capability, mission operations center and sales channels in place, BlackSky is in the process of expanding its constellation of smallsats that will deliver the highest revisit rate in the industry. The company is also leading the industry in fusing AI/ML-powered computer vision, high revisit rate imagery from orbital assets and open-source intelligence to provide customers with comprehensive, deep insights about the locations in the world they care about.
“BlackSky is well positioned to be a significant player in the expanding earth observation sector, which we believe benefits from accelerating trends including cloud computing, change detection, predictive analytics and machine learning. We believe a significant number of commercial and government sector customers will increasingly rely on geospatial intelligence,” said
BlackSky currently has four 1-meter satellites in orbit with another four slated for launch in early 2020, and plans to have 16 satellites in its constellation by early 2021.
For this transaction,
About BlackSky
BlackSky’s premier global monitoring and alerting services provide an easy, affordable way to observe, analyze and act on timely and relevant insights about the world. BlackSky combines access to high-quality satellite images from multiple sources, including its own planned 60-satellite constellation, fused with diverse, real-time sensor data and social media, news and other data feeds. Whether you’re tracking economic assets, monitoring illegal maritime activity or securing troops and borders, BlackSky ensures you have the most current and meaningful information at your fingertips so you can make well-informed decisions. BlackSky is part of
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20191112005262/en/
Source: BlackSky and
BlackSky Contact
Brian Kelley, Sage Communications
703-533-1618
bkelley@aboutsage.com
Intelsat Contact
Dianne VanBeber
Vice President of Investor Relations
dianne.vanbeber@intelsat.com
M 703 627 5100
O 703 559 7406