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Investing.com — Satellogic and Palantir Technologies Inc (NYSE:PLTR) said Monday that the geospatial company will use Palantir’s Foundry platform.
Palantir shares are up more than 4% Tuesday, while Satellogic shares are down 5%.
Satellogic, which specializes in Earth-observation satellites, will use the platform to help it accelerate its business processes, rapid image product delivery, AI model training, and data integration.
In addition, Palantir’s government and commercial customers will have access to Satellogic’s Aleph platform APIs to enhance their use of Palantir’s MetaConstellation and Edge AI capabilities.
The deal builds on an existing collaboration between the companies. Last year, Satellogic worked with Palantir to deploy and test Palantir’s Edge AI platform onboard Satellogic’s NewSat satellites.
“The holistic capabilities of Palantir’s Foundry will be instrumental in helping Satellogic realize our mission to improve life on Earth through geospatial data,” said Matthew Tirman, president of Satellogic North America.
