- Arlula receives strategic investment from Lockheed Martin Ventures, enhancing its global space data accessibility endeavors.
- The collaboration aims to accelerate the development of Arlula’s solutions in Earth Observation (EO) and satellite technology.
October 19, 2023, Australia — In a move that underscores Arlula’s dedication to transforming the world of satellite technology, the company has secured a pivotal strategic investment from Lockheed Martin Ventures, the venture capital division of Lockheed Martin Corporation (NYSE: LMT), a leading global security and aerospace entity.
Driven by a passion for innovation and an aim to make space data both accessible and sustainable, Arlula’s partnership with Lockheed Martin Ventures not only furnishes the necessary financial backing but also extends its horizons for future opportunities. The partnership is particularly beneficial for Arlula, given Lockheed Martin Ventures’ vast aerospace industry insights, expertise, and its wide-reaching global network of collaborators and clientele.
Expressing his enthusiasm about the new collaboration, Sebastian Chaoui, Arlula Co-founder and CEO, remarked, “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 just five years ago in 2018, Arlula’s innovation has been in the development of a unique platform. This platform consolidates commercial and governmental satellite imagery from operators across the globe, aiming to diminish the duration required to access Earth observation data. Through its avant-garde cloud-based infrastructure, Arlula facilitates businesses to effortlessly integrate and manage satellite data feeds, no matter their location. This is a groundbreaking shift for remote asset managers in sectors like mining, oil and gas, and forestry, as they can now acquire and operationalize satellite imagery at an unprecedented scale, circumventing complexities in technological integrations and protracted business contracts.
Speaking on behalf of Lockheed Martin Space, David Ball, the regional director, emphasized the company’s dedication to innovation by stating, “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.”
This strategic investment from Lockheed Martin Ventures is yet another feather in Arlula’s cap, coming after a previous round of funding spearheaded by Main Sequence Ventures earlier in the year. The company expressed its gratitude for the unwavering trust and backing from both esteemed investors – Main Sequence Ventures and Lockheed Martin Ventures. The new investment not only bolsters Arlula’s commitment to pushing the edge of space technology but also affirms their shared vision in the technology’s transformative potential, setting the stage for a brighter, more innovative future in the aerospace industry.
