Latin America Embraces Satellite Data and Artificial Intelligence for Law Enforcement, Forest Protection, and Civil Government Initiatives

Rhea-AI Summary

Planet Labs PBC (NYSE: PL) hosted its 'Planet On The Road' conference in Bogotá, Colombia, showcasing major customers and partners from Central and South America. The event highlighted how satellite data and AI are being used for sustainable development, law enforcement, disaster response, and Amazon forest protection.

Key highlights include:

• Bolivia's INRA using Planet Insights Platform for land management and carbon emissions compliance
• Colombia's IGAC providing access to PlanetScope and Planet Basemaps for efficient land-use planning
• Microsoft's Project Guacamaya using AI and Planet imagery for biodiversity protection
• Brazil's MAIS program leveraging Planet data to combat illegal deforestation, collecting over $3 billion in fines since 2020
• Applications in agriculture, disaster response, and proactive disaster management across Latin America

Positive

• Expanding customer base and partnerships in Latin America
• Successful implementation of Planet Insights Platform for land management and carbon emissions compliance
• Brazil MAIS program collected over $3 billion from fines, seized goods, and frozen assets since 2020 using Planet data
• Diverse applications of Planet's data across industries including agriculture, disaster response, and law enforcement
• Collaboration with major tech companies like Microsoft for biodiversity protection projects

Negative

• None.

Insights

Market Research Analyst

Planet Labs' "Planet On The Road" conference in Bogotá showcases significant market penetration in Latin America, a region with high growth potential. The event highlights diverse applications of Planet's satellite data across government, law enforcement and private sectors, indicating strong product-market fit and scalability.

The collaboration with major entities like INRA, IGAC and the Brazilian Federal Police demonstrates high-level government adoption, which could lead to long-term, stable revenue streams. The $3 billion collected from fines and asset seizures in Brazil since 2020 underscores the tangible value Planet's data provides to customers, potentially justifying premium pricing.

However, investors should note that while government contracts can be lucrative, they may also involve longer sales cycles and complex procurement processes. The company's expansion in agricultural and disaster response sectors indicates efforts to diversify revenue sources, which could help mitigate risks associated with over-reliance on government clients.

Tech Expert

Planet Labs' technological edge is evident in its daily global scan capability and the newly launched Planet Insights Platform. These innovations position the company at the forefront of the Earth observation market, offering near real-time insights that are important for time-sensitive applications like disaster response and law enforcement.

The integration of AI and machine learning with satellite imagery, as seen in Microsoft's Project Guacamaya and SCCON's change detection system, represents a significant value-add to raw data. This trend towards AI-enhanced analytics could drive demand for Planet's data and potentially open new revenue streams through advanced analytics services.

The company's ability to support various applications, from broad area management to specific use cases like drought impact evaluation and road mapping, demonstrates the versatility and scalability of its technology stack. This flexibility could be a key differentiator in capturing market share across diverse sectors and geographies.

Financial Analyst

While specific financial figures are not provided, the event highlights strong business momentum in Latin America, a potentially high-growth market for Planet Labs. The diverse customer base across government, agriculture and disaster response sectors suggests a well-diversified revenue stream, which could provide stability and growth opportunities.

The high-profile partnerships with government agencies and major corporations like Microsoft indicate potential for large-scale, long-term contracts. These relationships could translate into recurring revenue and improved financial predictability, factors that investors typically value.

However, investors should consider that expanding into emerging markets may involve higher operational costs and potential currency risks. The company's investment in new technologies like the Planet Insights Platform suggests ongoing R&D expenses, which could impact short-term profitability but potentially drive long-term growth.

Overall, the expansion in Latin America and the demonstrated value of Planet's data in high-stakes applications like law enforcement and environmental protection point to positive growth prospects, though careful monitoring of the company's ability to convert these opportunities into sustainable revenue growth will be crucial.

SAN FRANCISCO--(BUSINESS WIRE)-- Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, showcased major customers and partners from across Central and South America yesterday at their “Planet On The Road” conference series, hosted in Bogotá, Colombia. Speakers at the in-person event included data and artificial intelligence experts and government leaders from Brazil, Colombia, and Bolivia, who focused on how satellite data was being used across Latin America for sustainable development, law enforcement, disaster response, and Amazon forest protection.

Planet provides their customers and partners with satellite datasets and analysis feeds, helping to conduct broad area management and quantify changing conditions on the surface of the Earth. At the Bogotá event, Planet President and CFO, Ashley Johnson expanded on these capabilities, highlighting the company’s newly launched Planet Insights Platform and shared, “Our daily global scan can help authorities improve situational awareness, allocate resources during complex incidents that occur over large areas, understand flood risks in burned areas, and plan long-term recovery operations.”

Planet has experienced business momentum in Latin America over the last year and by working with partners in the region, valuable insights and novel workflows have emerged for governments and businesses in the region. "Our community is uniquely equipped to harness the power of space data and AI technologies to see the signal in the noise, to modernize and digitize our workflows, use transparency to promote peace and security and to accelerate the transition toward a sustainable economy,” said Robbie Schingler, Planet Co-founder and CSO in his keynote address at the event.

Planet customers and partners took to the stage for the day to share how this satellite data provides solutions to challenges specific to the region. Representatives from INRA, Bolivia’s land management agency, discussed how they worked in collaboration with Planet and Planet partner CIVIS to modernize their approach to land management. Aiming to balance sustainability, food sovereignty, and national development, INRA leveraged the Planet Insights Platform to gain near real-time insights and streamline management for monitoring for carbon emissions compliance and land use and titling, establishing ambitious sustainable targets across the nation.

In a keynote, alongside INRA, Planet customer Instituto Geográfico Agustín Codazzi (IGAC), a Colombian government entity responsible for managing cartographic data, shared how they provide access to users PlanetScope and Planet Basemaps covering the entire Colombian territory. Through their platform, Observatorio de la Tierra y el Territorio (OTT), organizations are able to conduct efficient land-use planning and territorial management. With data analysis and AI, the platform aims to offer capabilities for monitoring infrastructure change and detect anthropogenic changes to the environment.

In a fireside chat hosted by Robbie Schingler, Planet’s co-founder and Chief Strategy Officer, and Guillermo Ocampo, Microsoft’s National Digital Transformation Officer, the industry leaders discussed how artificial intelligence and satellite imagery have been transforming biodiversity protection in South America, helping to inform scientists and raise public awareness. Microsoft’s Project Guacamaya, for instance, runs AI-enabled analyses on top of Planet satellite imagery of biodiverse regions to swiftly detect ecosystem changes, potentially caused by deforestation or mining.

Planet partner Procalculo spoke about their collaborative work with organizations across Colombia to provide geospatial insights derived from Planet satellite data in areas, such as risk management and disaster response. At the event, Procalculo shared how they used deep learning models on top of Planet data to evaluate yearly drought impacts and risks, wildfire threat zones, and mapping roads for disaster management. They also spoke with the Head of Space Production Area for the Airforce of Colombia about how Planet data offers the capabilities of broad area management for the Amazon, enabling authorities to combat illegal deforestation.

Representatives across the Brazil MAIS program shared how Planet data has enabled the success and expansion of the program, working to protect the Brazilian Amazon in collaboration with the Federal Police of Brazil, the Ministry of Justice and Public Security of Brazil, and Planet partner SCCON Geospatial. Leveraging Planet satellite data, SCCON supports a change detection alert system on their platform, making near real-time information regarding illicit activities, such as deforestation and illegal mining accessible to Brazilian government agencies. The Federal Police of Brazil have been able to implement justice across the country, protecting the Amazon rainforest and enhancing their law enforcement operations. With Planet satellite data and SCCON’s automated change detection, the project collected over $3 billion from fines, seized goods, and the freezing of assets since 2020.

The Planet On the Road Bogotá event also hosted a myriad of leaders leveraging Planet satellite data across the Latin American agricultural industry and disaster response. In the digital farming arena, customers and partners speaking included Disargo, a leading supplier of fertilizers originating from Guatemala, Auravant, an Argentina-based digital agricultural monitoring system, and Oryzatvia, which integrates Planet data into their digital platform to support rice farming in Uruguay. Focusing on how AI and machine learning can transform proactive disaster response, Planet customers and partners EPM and Procaculo from Colombia, and Chile-based Raster4 shared how satellite data and emerging technologies are supporting all stages of disaster life cycle management, including prevention, response, and recovery.

Comprehensive List of Guest Speakers:

• Guillermo Ocampo, National Digital Transformation Officer, Microsoft
• Alfredo Aramayo, President, CIVIS
• Felipe Trujillo, General Manager, Procalculo Prosis S.A.S.
• Gustavo Marulanda Morales, General Director, IGAC
• Juan De Dios Fernández, General Director of Planning, INRA
• Camila Pintarelli, Director - Chief of National Fund for Public Security of the Ministry of Justice and Public Security of Brazil
• Cristiano Cunha, Chief of the Geomatics Service of the Federal Police & Coordinator of the Steering Committee of the Brazil MAIS Program of the Ministry of Justice and Public Security
• Iara Musse Felix, CEO, SCCON Geospatial
• Bernardo Böcking, Co-Founder, Oryzativa
• Billy Pineda, Corporate Manager for Innovation and Development, DISAGRO
• Fernando Calo, Chief Business Development Officer, Auravant
• Cristiano Cunha, Chief of the Geomatics Service of the Federal Police & Coordinator of the Steering Committee of the Brazil MAIS Program of the Ministry of Justice and Public Security
• Camila Pintarelli, Director - Chief of National Fund for Public Security of the Ministry of Justice and Public Security of Brazil
• Captain Laura Fernanda Guerra Ibáñez, Head of Space Production Area, Airforce of Colombia (FAC)
• Martha Patricia Valbuena Gaona, Research and Development Manager, Procalculo Prosis S.A.S.
• Juan Camilo Amaya, Geospatial Technology Manager, Procalculo Prosis S.A.S.
• William Ramírez, Environmental, Social, and Sustainability Professional, EPM
• Valentina Espinosa Caviedes, General Manager, Raster4

Planet Speakers:

• Robbie Schingler, Co-Founder and Chief Strategy Officer, Planet
• Ashley Johnson, President and Chief Financial Officer, Planet
• Thijs Van Leeuwen, Sr. Director of Product, Planet
• Dr. Flávia De Souza Mendes, Program Manager, Forests & Land Use, Planet
• Gustavo Tonzo, Sr. Industry Account Executive, Planet
• Ricardo Guerra, Regional Sales Director of LATAM, Planet
• Steve Padgett Vasquez, Customer Success Manager, Planet
• Ana Bragança, Customer Success Manager, Planet
• Nataly Pulido, Customer Success Manager, Planet
• Sergio Ramirez, Sales Engineer, Planet

View source version on businesswire.com: https://www.businesswire.com/news/home/20240814816055/en/

Planet Press

Lauren Neville

comms@planet.com

Planet Investor Relations

Chris Genualdi, Cleo Palmer-Poroner

ir@planet.com

Source: Planet

FAQ

How is Planet Labs PBC (NYSE: PL) contributing to law enforcement in Latin America?

Planet Labs PBC is providing satellite data to law enforcement agencies, particularly in Brazil, to combat illegal activities such as deforestation and mining in the Amazon rainforest. The Brazil MAIS program, using Planet's data, has collected over $3 billion from fines, seized goods, and frozen assets since 2020.

What is the Planet Insights Platform being used for in Bolivia?

In Bolivia, INRA (the national land management agency) is using the Planet Insights Platform to gain near real-time insights for monitoring carbon emissions compliance, land use, and titling. This helps balance sustainability, food sovereignty, and national development goals.

How is Planet Labs PBC (NYSE: PL) data being used for disaster response in Latin America?

Planet Labs' satellite data is being used by various organizations in Latin America for disaster response. For example, Procalculo in Colombia uses deep learning models on Planet data to evaluate yearly drought impacts, wildfire threat zones, and map roads for disaster management.

What role does Planet Labs PBC (NYSE: PL) play in protecting the Amazon rainforest?

Planet Labs provides satellite data that enables broad area management of the Amazon. This data is used by authorities to combat illegal deforestation. In Brazil, the MAIS program uses Planet data in collaboration with the Federal Police to detect and respond to illicit activities in the Amazon rainforest.