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Planet, a leader in earth observation data, announced that its data has contributed to over 1,500 academic publications since 2016, with 400 new studies published in the last year alone. The company’s Education and Research Program has grown significantly, now supporting 80 universities globally. In 2021, Planet's data was published at an average rate of one every 15 hours. Planet operates about 200 satellites, providing near-daily imaging and analytics for various markets. In 2021, Planet entered a merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ) to become a publicly-traded company focusing on sustainability.
Planet Labs Inc. announced that CEO Will Marshall and CFO Ashley Johnson will present at the UBS Virtual Industrial Technology Conference on November 17 at 12:30 p.m. PT. The webcast may feature forward-looking information. Earlier this year, Planet entered a merger agreement with dMY Technology Group IV (NYSE: DMYQ) to become a publicly traded company. The webcast will be available live and can be accessed online with a replay available for one year.
Planet has announced its acquisition of VanderSat for approximately $28 million, comprising $18 million in shares and $10 million in cash. This strategic move aims to enhance Planet's capabilities in delivering actionable insights for water management and crop health. VanderSat's advanced analytics, based on NASA and ESA satellite data, will strengthen Planet's offerings, particularly in agriculture and insurance. The acquisition is expected to close in Q4 2021 and is part of Planet's broader strategy to expand its presence in Europe and improve its product offerings.
Planet Labs Inc. is set to host a Virtual Investor Day on November 18th, starting at 11:00 am ET. This event follows Planet's merger agreement with dMY Technology Group, Inc. IV (NYSE: DMYQ), making it a publicly traded company later this year. Key executives will present insights on vision, product offerings, customer testimonials, and financials. The event will be accessible via a webcast and Q&A portal to engage participants.
Planet Labs Inc. announced a special meeting for dMY Technology Group, Inc. IV stockholders on December 3, 2021, to approve its business combination with dMY IV. The SEC has declared effective the registration statement for this merger. Upon completion, Planet's stock will trade under the ticker 'PL' on the NYSE. Planet reported revenue of over $100 million in FY 2021, driven by a subscription model with over 700 customers. The business combination is expected to close soon after stockholder approval, providing significant capital for growth.
Planet announced the appointment of Vijaya Gadde to its Board of Directors as it prepares to go public via a merger with dMY Technology Group, Inc. IV (DMYQ). With over 20 years of experience in legal and technology sectors, Gadde aims to enhance transparency and growth in Planet's international markets. Her previous role at Twitter equips her with relevant expertise in managing scaled data businesses. This leadership change is anticipated to support Planet's mission of providing daily satellite imagery and insights globally.
Planet has unveiled two significant advancements: the Pelican satellite constellation and Fusion with SAR. The Pelican fleet, launching next year, offers improved resolution and faster image retrieval, ensuring users have access to detailed imagery for informed decision-making. Meanwhile, Fusion with SAR integrates synthetic aperture radar data, enhancing crop monitoring capabilities, especially in cloudy conditions. This move positions Planet as a leader in daily satellite imagery and analytics, supporting various sectors including government and agriculture.
Planet has partnered with Microsoft to provide high-resolution tropical forest Basemaps to select researchers through the NICFI Satellite Data Program. This initiative, announced during the FOSS4G conference in Buenos Aires, aims to tackle environmental challenges, specifically deforestation. Successful applicants will receive financial support and technical resources for 12-month projects utilizing these data. The collaboration signals a significant step in leveraging satellite imagery for conservation efforts, as Planet prepares for its upcoming merger with dMY Technology Group (NYSE:DMYQ).
Planet Labs has announced a new commitment of
