BP Ventures Invests in Satelytics

Press Release

BP Ventures Invests in Satelytics

Satelytics is proud to announce that bp ventures has invested $5M in our cloud based geospatial analytics software. Satelytics uses spectral imagery and machine learning to monitor and in many cases quantify environmental changes including methane.

Morag Watson, bp senior vice president of digital science and engineering, said: “Satelytics is modernising the energy sector by making data about physical assets more accessible and digestible, leading to better decision making. We are excited to work closely alongside their unique team of scientists and technologists to help them evolve their technology and to continue to move the needle on industry digitalisation.”

 Sean Donegan, chief executive of Satelytics, said: “bp’s early use of our detection and quantification software has inspired us to expand our capabilities. bp’s investment marks an inflexion point for Satelytics, which will assist us in expanding our technological capabilities and fuel future innovation.”

Satelytics Inc., www.satelytics.com is a cloud-based geospatial analytics software suite.  Multi or hyper-spectral imagery is gathered from satellites, UAV, planes, and fixed cameras, and processed to provide both alerts and qualitative results for our customers. Data can be gathered on up to a daily basis and results sent to customers in hours. This includes the specific problem, location, magnitude, and even qualitative information, which minimize cost, impact, and operational disruption for our clients.

For more information, contact David Dunham, ddunham@satelytics.com, (o) (419) 728 0060 extension #101,  (c) (701) 213 0294.

 

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