{"id":56747,"date":"2021-09-01T21:44:54","date_gmt":"2021-09-01T13:44:54","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/palantir-to-cement-partnership-with-blacksky-once-it-completes-spac-merger\/"},"modified":"2021-09-01T21:44:54","modified_gmt":"2021-09-01T13:44:54","slug":"palantir-to-cement-partnership-with-blacksky-once-it-completes-spac-merger","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/palantir-to-cement-partnership-with-blacksky-once-it-completes-spac-merger\/","title":{"rendered":"Palantir to Cement Partnership with BlackSky Once it Completes SPAC Merger"},"content":{"rendered":"<\/p>\n<p>Artificial Intelligence software giant <strong>Palantir Technologies<\/strong> has committed to an equity investment in space-based geospatial intelligence company <strong>BlackSky<\/strong> once it completes its planned business combination with <strong>Osprey Technology Acquisition Corp. <\/strong>BlackSky also entered into a multi-year software subscription agreement with Palantir to access its Palantir Foundry enterprise platform.<\/p>\n<p>BlackSky said it will now offer a combined solution that integrates Spectra AI with Palantir Foundry to expand the delivery of high-resolution imagery and deep analytics to customers worldwide. The company successfully demonstrated the capabilities of the combined solution during a test pilot project in August.<\/p>\n<p>\u201cThis collaboration further enables BlackSky to put the power of real-time intelligence in the hands of the user by allowing Palantir customers to directly task our satellites, reduce decision-making timelines and increase the delivery of on-demand insights,\u201d said Brian E. O\u2019Toole, CEO of BlackSky. \u201cOur partnership with Palantir will accelerate our go-to-market plan, expanding our pipeline of commercial and government customers around the world.\u201d<\/p>\n<p>BlackSky announced its intention go public through a special purpose acquisition company (SPAC) merger in February, announcing a deal Thursday to go public with a $1.1 billion valuation,&nbsp;in a deal that is expected to generate approximately $450 million in net proceeds. BlackSky said the cash will fund extension of its Artificial Intelligence\/Machine Learning (AI\/ML) analytics platform, expand its satellite constellation, add additional sensors and data feeds to the BlackSky network and accelerate commercial market penetration.<\/p>\n<p>Osprey is scheduled to hold a special meeting of its stockholders on Wednesday, Sept. 8 to allow its stockholders to vote to approve the proposed business combination with BlackSky.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial Intelligence software giant Palantir Technologies has committed to an equity investment in space-based geospatial intelligence company BlackSky once it completes its planned business combination with Osprey Technology Acquisition Corp. BlackSky also entered into a multi-year software subscription agreement with Palantir to access its Palantir Foundry enterprise platform. BlackSky said it will now offer a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-56747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56747"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=56747"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/56748"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=56747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=56747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=56747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}