Startups

Planet Labs Acquires VanderSat

Planet image of phytoplankton in the Sea of Marmara, taken June 10, 2021. Via Planet

ICYMI: Planet Labs has agreed to acquire VanderSat, an analytics provider specializing in water and crop health data, in a transaction valued at ~$28M. The deal represents Planet’s fourth acquisition, as the satellite operator prepares to go public.  

Key data: In July, Planet announced a SPAC valued at $2.8B. The earth observation (EO) company has 130+ satellites currently in orbit, hoovering up a vast amount of data. Planet has a constant, all-encompassing view of Earth’s surface, 24/7.

Paraphrasing a bit, Planet’s MO is bettering Earth through satellite data from the skies. VanderSat is a natural complement. The Netherlands-based startup uses passive microwave sensor data from national space agencies to improve agricultural conditions for industry, nonprofit, and government customers.

Where VanderSat shines: EO has no shortage of data to analyze. VanderSat develops sophisticated algorithms to process specialized data and produce digestible insights and human-readable reports. 

Industry watchers say EO is destined for consolidation. Acquiring VanderSat could help Planet expand ag inroads—and extend an analytical layer over a key type of Earth data. “When one combines their new data with Planet’s, the value is far greater than the sum of its parts,” Will Marshall, CEO and co-founder of Planet, said in a statement.

Related Stories
StartupsVC/PE

Apex Raises $95M in Series B

With Aries already sold out into 2025, Apex plans to use the influx of cash to expand its production capabilities to meet growing customer orders.

InternationalStartups

Scottish Space Network, Sustainable Alpha Team Up To Grow Scottish Space Sector

The Scottish Space Network expects Scotland’s space sector to more than double in the coming years.

Startups

Can Space Start-Ups Really Wait A Year For Satellite Approval?

Since many start-ups are, by their nature, proposing novel technology that regulators haven’t encountered before, the scrutiny only increases.

MilitaryStartups

Slingshot Aerospace and DARPA’s AI Spy Satellite Solution, Agatha

Slingshot Aerospace is partnering with DARPA on a high-stakes game of orbital “I Spy.”