BlackSky Holdings, a Herndon, Virginia-based geospatial intelligence provider, has received an equity investment from Palantir Technologies (NYSE: PLTR) to enable it to meet the customers’ demand for global monitoring services and further expand its capabilities.
BlackSky said Wednesday it will also broaden the delivery of deep analytics and high-resolution imagery to clients worldwide by offering a platform that integrates its Spectra AI monitoring service with Palantir’s enterprise platform, Palantir Foundry, under a multiyear software subscription agreement.
The agreement extends the partnership between the two companies following the completion of their joint pilot project in mid-August and seeks to improve the delivery of real-time actionable intelligence that could aid users in predicting events
“Our partnership with Palantir will accelerate our go-to-market plan, expanding our pipeline of commercial and government customers around the world,” said BlackSky CEO Brian O’Toole.
The investment is expected to close once BlackSky and Osprey Technology Acquisition (NYSE: SFTW) complete their business combination.
In February, BlackSky and Osprey, a special purpose acquisition company, agreed to merge in a transaction that would enable BlackSky to go public. Osprey scheduled a special meeting on Sept. 8 to allow its shareholders to vote on the deal.