Benzinga | Aug 16, 2021 06:06AM EDT

BlackSky and Palantir Collaboration Aids Government Agencies in Predicting Events

BlackSky Holdings, Inc. ("BlackSky"), a leading global geospatial intelligence company, announced the completion of a joint pilot project with Palantir Technologies Inc. (NYSE:PLTR) that integrated BlackSky's commercial satellite imagery and analytics into Palantir Foundry, Palantir's enterprise platform. The capabilities of the combined solution were successfully demonstrated in a series of exercises with experienced geointelligence customers.

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Figure 1 BlackSky Imagery Integrated into Palantir Foundry (Graphic: Business Wire)

Through the collective capabilities of BlackSky and Palantir, the pilot program combined high-resolution imagery and deep analytics to inform decision makers and demonstrated the powerful impact of global monitoring from space and real-time insights. The ability to rapidly deliver worldwide intelligence that can aid in predicting events introduces a significant advantage in time-sensitive operations.

"Our joint pilot program with Palantir highlights the vital impact of real-time insights," said BlackSky CEO Brian E. O'Toole. "The use of our data and analytics in these types of exercises drives demand for our geospatial intelligence as customers experience the rapid delivery of first-to-know insights that can inform proactive strategic decision making."

BlackSky's data platform, Spectra AI, served as a foundational layer and was seamlessly integrated into Palantir Foundry. BlackSky demonstrated the ability to automatically deliver insights and intelligence to Palantir customers within minutes of collection, without any human interaction.

"Our collaboration with BlackSky radically compresses the decision-chain for warfighters," said Shyam Sankar, COO of Palantir Technologies. "It gives users unprecedented control over orbital sensors, and operationalizes AI insights from space to support better, faster decisions on earth. Palantir's software continues to provide the operating system for operational decision-making at the edge across domains, from space to mud."

Earlier this year, BlackSky announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE:SFTW). BlackSky currently anticipates closing the transaction during the third quarter of 2021.