Planet Labs PBC Announces Real-Time Insights Technology Using NVIDIA Jetson Platform
Planet Labs PBC (NYSE: PL) announced a collaboration with NVIDIA to enhance its high-resolution Pelican-2 satellite using the NVIDIA Jetson edge AI platform. This partnership will allow Planet Labs to deliver real-time insights by leveraging NVIDIA GPU accelerated computing. The initiative aims to shorten the time to value for customers across government and commercial markets by enabling faster processing and analysis of satellite imagery. The Pelican-2 satellite, equipped with advanced imaging technologies, is scheduled to launch later this year. This collaboration positions Planet Labs as one of the pioneers in space-qualifying NVIDIA's Jetson platform for Earth observation satellites.
- Planet Labs is leveraging NVIDIA's GPU accelerated computing for faster insights.
- Collaboration aims to shorten time to value for government and commercial clients.
- Pelican-2 satellite to launch later this year with advanced imaging capabilities.
- Real-time data processing enabled by NVIDIA Jetson will be a key feature.
- Potential for real-time tracking of events like forest fires and disasters.
- Planet Labs is among the first to qualify NVIDIA Jetson for space use.
- No specific financial figures or revenue projections provided in the announcement.
- Success depends on the timely and successful launch of the Pelican-2 satellite.
Insights
The collaboration between Planet Labs and NVIDIA to utilize the Jetson edge AI platform for the Pelican-2 satellite represents a significant advancement in satellite technology. This enables on-orbit computing, which means data can be processed in space, reducing the time it takes to get insights from satellite imagery. This is particularly beneficial for real-time applications such as disaster monitoring and response, where rapid data analysis can save lives and resources. The integration of NVIDIA's GPU accelerated computing will allow for faster and more accurate imaging, improving the quality and speed of the data available to customers.
By embracing these AI advancements, Planet Labs is positioning itself at the forefront of satellite technology, potentially offering a competitive edge over other satellite data providers. Customers in both government and commercial sectors will likely appreciate the enhanced capabilities, leading to potential increases in demand for Planet Labs' services.
The strategic move to collaborate with NVIDIA places Planet Labs in a favorable position within the Earth observation market. Leveraging the advanced processing power of the NVIDIA Jetson platform on the Pelican-2 satellite can attract a diverse range of clients requiring high-resolution, real-time data. This partnership is likely to appeal particularly to industries that rely on timely and precise data, such as agriculture, emergency response and environmental monitoring.
Moreover, by reducing the time to value for satellite data, Planet Labs enhances its value proposition, potentially increasing its market share and customer base. This could translate to significant revenue growth in the coming years as more sectors recognize the benefits of real-time Earth observation data.
NVIDIA GPU accelerated computing will power intelligent imaging and faster insights for customers. Leveraging recent advances in artificial intelligence, Planet expects this collaboration to support shorter time to value for customers across government and commercial markets.
“Robust datasets are what power AI, and Planet is fully embracing the latest advancements happening in this AI revolution, from enhancing our satellite technology to pulling insights from our imagery data at rapid speeds,” said Kiruthika Devaraj, VP of Avionics and Spacecraft at Planet. “This collaboration is about getting answers from orbit to our customers in near real-time. The suite of solutions that Planet can generate for our customers with our high-resolution optical sensor on Pelican is enhanced by NVIDIA Jetson and real-time connectivity. With the latest technology demonstrations launching on Pelican-2, our customers and partners will be able to access, process, and download imagery as well as real-time insights at a rapid pace and on low- and high-bandwidth connectivity based on their unique constraints.”
“Running compute on-orbit allows us to design new pipelines that can understand the data as it is being collected, without waiting for data download and delivery. Such on-orbit compute will enable many new (and important) capabilities, such as real-time tracking of events like forest fires, disasters, and other events of interest,” said Deepak Vasisht, Assistant Professor at University of Illinois Urbana-Champaign.
Planet will be one of the first to space-qualify and fly NVIDIA Jetson on an Earth observation satellite.
About Planet Labs PBC
Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to over 1000 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240610385569/en/
Planet Press
Claire Bentley Dale
comms@planet.com
Planet Investor Relations
Chris Genualdi
ir@planet.com
Source: Planet
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