WATERLOO, Ont., June 17, 2021 (SkyWatch PR) – SkyWatch Space Applications Inc. (“SkyWatch”), a Waterloo-based space technology startup, announces today that it is now an authorized distributor of Airbus Defence and Space (“Airbus”) to deliver medium- and high-resolution Earth observation data through the SkyWatch EarthCache platform and API.
The addition of Airbus to the roster of satellite data providers on the EarthCache platform enriches the SkyWatch aggregation model, and provides a “one-stop-shop” for Earth observation data customers. The agreement comes at a moment when the industry is growing rapidly with more organizations across multiple industries seeking Earth observation data. According to Euroconsult, the global market for commercial Earth observation data and services is expected to grow to $8 billion by 2029, from $4.6 billion in 2019. (more…)
WATERLOO, Ontario, June 15, 2021 (Newswire.com) – SkyWatch Space Applications Inc. (“SkyWatch”), a Waterloo-based space technology startup, announced today the completion of a $17.2M USD Series B round of financing to further democratize access to Earth observation data. Drive Capital led the investment round with participation from existing investors Bullpen Capital, Space Capital, Golden Ventures, and BDC Ventures.
The Series B financing builds on an exceptional first half of 2021 for SkyWatch, which is seeing revenue growth in excess of 450% over the same period last year, highlighting the appetite for Earth observation data from the private sector. SkyWatch also announced the launch of the first TerraStream-enabled satellite earlier this month, which further advances the company’s mission of making commercial Earth observation data more available and accessible. With 40 satellites under contract for launch by SatRevolution (Poland), SpaceJLTZ (Mexico), and Wyvern (Canada), and others, SkyWatch is enabling the future of the global commercial satellite launch market and removing the barriers to entry typically present in the space industry.(more…)