• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Press Release Distribution
  • Media Releases
  • Technologies
    • Market Reports
    • Technology Events
  • About
  • Contact

3V.org, the essence of public relations

PR agency servicing startup companies and venture capital firms

BlackSky Secures $50M in Funding from Intelsat, Creates First Industry Relationship to Pair Earth Observation with Global Communications Infrastructure

November 12, 2019 By admin

BlackSky, a leading provider of geospatial intelligence, satellite imaging and global monitoring services, announced it has secured a $50 million senior secured loan from global satellite communications leader, Intelsat (NYSE: I). The transaction results in an industry first, creating a strategic relationship that pairs Earth observation with a 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 Intelsat CEO Stephen Spengler. “Our investment will be used to fund enhancements to the current BlackSky infrastructure and will serve as a springboard for a commercial alliance with Intelsat and our Intelsat General government subsidiary.”

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, Evercore acted as a financial advisor to BlackSky and PJT Partners acted as financial advisor to Intelsat.

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 Spaceflight Industries and based in Seattle, Washington. For more information, visit www.blacksky.com.

Related

Filed Under: PR Tagged With: geospatial intelligence

Reader Interactions

Primary Sidebar

Featured Market Research

  • Software Defined Digital Camera Market Forecast
  • Multiple Lens Digital Camera Market Scenario
  • Smart City Technologies, Market Analysis Datasets
  • Impact of Pixel Shift Technology on Digital Camera Market
  • Electric Vehicle (EV) Market Analysis: BEV Versus Fuel Cell
  • Fast Network Interface Cards (FastNICs), Market Analysis
  • Nuclear Fission Infrastructure, Market Analysis
  • Fuel Cell Powered Marine Propulsion, Market Analysis
  • CO2 to Liquid Fuel, Market Analysis
  • KV (Key Value) Storage Device Market is Here, Almost
  • The Addressable Telepresence Robotics Market Analysis
  • RISC-V and Open POWER Instruction Set Architecture (ISA) Fortunes are Rising, Market Analysis
  • Digital Camera Market Skydiving, Market Analysis
  • Smartphone As an Universal Personal Computing Platform, Market Scenario
  • Deception Cybersecurity Market Forecast
  • Machine Vision Market Undergoing Revolution
  • DevOps & Microservice Ecosystem Market Forecast
  • U.S. Federal Cybersecurity Market Forecast
  • Quantum Computing Market Forecast
  • Modernization of U.S. Federal Government IT, Market Scenario
  • Face Recognition Technology Moves to the Edge
  • Electromagnetic Railgun Market Forecast
  • Virtual Event Market Forecast
  • Digital Camera Market is Going Through Interesting Times
  • Saudi Arabia Mass Surveillance Market Forecast
  • Worldwide High Performance Computing (HPC) Market Forecast
  • U.S. Military Unmanned Aerial Vehicles (UAV) Market Forecast
  • Ultracapacitor Market Forecast
  • U.S. Federal Government Mass Media Market Forecast

Email Subscription

Enter your email address to subscribe and receive notifications of new posts by email.

Footer

Popular Posts

  • Taiwanese Startups won 120 Millions USD from the US military, Hewlett-Packard and Johnson & Johnson
  • Sigma Computing Raises $30 Million in Momentum-Driven Finance Round to Fuel Product Innovation and Enterprise Customer Expansion as First Company to Deliver Business Intelligence Software Specifically Built for Accessing and Analyzing the Cloud Data Warehouse Without Code
  • Acronis Announces a $147 Million Investment Round: Funding to allow Acronis to make acquisitions, expand the engineering team and accelerate the business growth in North America in the partnership with Acronis SCS
  • Human Longevity Closes $30 Million Financing
  • Datanomix Announces $2M Round of Funding to Accelerate Commercialization and Further Development of their Fusion Software

Media Channels

  • Technologies
  • Opinion
  • Editorials
  • Technology Conferences
  • ESN, event sharing network
  • Exclusive
  • Event Calendar
  • Cyber Security Market
  • Defense Market Market

Technical Support

  • Prints
  • Photo Gallery
  • Press Media Release

A Bill of Rights for Users of the Social Web | Copyright © 2018 3V.org