Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data (“EO”) collection, announced today that it has signed an agreement with Quant Data & Analytics (“Quant”), a leading Saudi provider of Data & AI Products and Enterprise Solutions focused on the real estate and retail sectors. This strategic agreement leverages Satellogic’s high-resolution satellite imagery to serve and evolve the ever-expanding property tech landscape across the Kingdom of Saudi Arabia and the Gulf region.
Quant’s collaboration with Satellogic will lead to the development of derivative products, transforming and broadening the adoption of data science, AI, and SaaS products for real estate and retail. Satellogic’s flexible and scalable business model will support Quant’s Suhail platform, an interactive real estate tool for agencies, developers, and clients. The agreement will empower the Saudi Arabian and Gulf region’s real estate and retail sector by delivering AI solutions and unparalleled insights, accuracy, and efficiency for driving growth and enhancing decision-making processes.
Ahmed Bukhamseen, CEO of Quant Data & Analytics, stated, “Our collaboration with Satellogic marks a momentous advancement in data analytics for our region. The integration of high-resolution satellite imagery with our AI and geospatial technologies elevates our interactive real estate platform, Suhail, and Location Intelligence tool powered by Fruits360 to unprecedented levels. This strategy resonates with our vision of a data-driven global economy and fulfills our goal to spread, implement, and automate data-led solutions.”
Caitlin Kontgis, Satellogic’s Senior Vice President of Commercial and Growth, added, “Quant is redefining the future of real estate and retail, creating opportunities for evolving processes such as property valuations and insurance underwriting. They needed an Earth Observation data provider capable of delivering high capacity, high resolution, and frequent revisits at an attainable price. This relationship illustrates the potential of Satellogic’s Earth Observation business model.”
This collaboration is timely, coinciding with increased Saudi government investment in infrastructure to stimulate tourism, residential, and commercial real estate developments. Leveraging Satellogic’s high-resolution EO satellite constellation, the agreement will enable monitoring of rapid urban development and compliance with environmental and zoning regulations, enhancing competitiveness in the high growth market.
By harnessing the power of satellite imagery, Quant is laying the foundation for a futuristic approach to data-led development, monitoring, and decision-making. This collaboration promises to be a game-changer in utilizing big data to make transformative impacts on real estate, retail and beyond.
About Quant Data & Analytics
As data became excessive and abundant, Quant was established as a Saudi consultancy company to provide services such as Data Analytics, Business Intelligence, Artificial intelligence, Machine Learning, Data Quality Management, and Analytics Training, Predictive Analytics, as well as AI & BI SaaS products. At Quant, we empower aspiring businesses and dynamic governments to become data-driven through our offered services, which allows them to optimize operations, enhance efficiency, and augment decision-making.
About Satellogic
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated Earth Observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.
Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.
With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.
To learn more, please visit: http://www.satellogic.com
