Space Impulse Brief:
- Arlula announces a significant strategic investment from Lockheed Martin Ventures, the venture capital investment arm of Lockheed Martin Corporation.
- The investment from Lockheed Martin Ventures not only provides Arlula with the financial resources needed for growth but also broadens the company’s range of opportunities.
- The duo will work to accelerate the development of our cutting-edge solutions and bring them to market faster than ever before.
PRESS RELEASE — October 19, 2023 — At Arlula, we are dedicated to pushing the boundaries of space technology. We are thrilled to announce a significant strategic investment from Lockheed Martin Ventures, the venture capital investment arm of Lockheed Martin Corporation (NYSE: LMT), a global security and aerospace company. This investment marks a pivotal moment in our journey and underscores our commitment to transforming the future of Earth Observation (EO), satellite technology, and space exploration. At Arlula, we have always been driven by a relentless passion for innovation and a vision to make space data more accessible and sustainable.
The investment from Lockheed Martin Ventures not only provides Arlula with the financial resources needed for growth but also broadens our range of opportunities. Lockheed Martin Ventures brings a wealth of aerospace industry knowledge, expertise, and access to a global network of partners and customers. Together, we will work to accelerate the development of our cutting-edge solutions and bring them to market faster than ever before.
Sebastian Chaoui, Arlula Co-founder and CEO, shared his excitement about the collaboration saying:
“Lockheed Martin’s investment is a testament to the strength and viability of our technology and our vision for the future of satellite imaging. We are thrilled to have an investor that shares our commitment to innovation and our dedication to pushing the boundaries of what’s possible in the space industry.”
Founded in 2018, Arlula has built a platform that integrates commercial and government satellite imagery from operators around the world in order to reduce the time it takes to access Earth observation data. Through our cloud-based infrastructure, we provide businesses on the ground with the ability to integrate and manage satellite data feeds from anywhere in the world. Remote asset managers in the fields of mining, oil and gas, and forestry can now acquire and operationalise satellite imagery at scale, eliminating the need for complicated technology integrations, lengthy business contracts and negotiations.
David Ball, the regional director of Lockheed Martin Space, said the business is committed to fostering innovation.
“We were highly impressed by Arlula’s technology and vision, and this strategic investment reflects our confidence in their capabilities. We believe that, together, we can make space data more accessible and sustainable and transform the future of Earth Observation and satellite technology.”
In addition, this strategic investment from Lockheed Martin Ventures represents a significant milestone for Arlula, building upon our earlier round of funding led by Main Sequence Ventures earlier this year. We are honoured to have garnered the trust and support of both Main Sequence Ventures and Lockheed Martin Ventures, two esteemed investors who share our commitment to pushing the boundaries of space technology. This new investment reaffirms our collective belief in the transformative potential of our technology and propels us forward in our mission to revolutionise the aerospace industry. Together with our investors, we are poised to accelerate innovation, drive advancements, and bring the future of space data even closer to Earth.
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SOURCE: Arlula
Featured image: Credit: Arlula
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