Accenture Invests In Open Cosmos To Expand Access To Satellite Data

By Author: Arina Smith
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Accenture has announced an investment and collaboration with Open Cosmos, a space technology company specializing in satellite design, manufacturing, and integration. Open Cosmos is known for building and operating space missions and providing access to high-quality satellite data through a data services platform. This partnership aims to help clients leverage space data to address various business challenges on Earth, particularly those related to sustainability. Accenture Ventures led the investment as part of its broader Project Spotlight initiative.

Traditional satellite launches involve years of preparation and significant costs, making it inaccessible for most companies. Open Cosmos is changing this by democratizing access to satellite data. They allow multiple companies to retrieve data collected by one satellite and manage satellite infrastructure through their proprietary platform technology, simplifying data collection and sharing.

Accenture envisions a future where all companies can harness the vast potential of space data to drive innovation. This data, previously limited and expensive to access, can ...
... offer insights into climate changes, energy, resources, navigation, and more.

According to Tom Lounibos, Managing Director at Accenture Ventures, advancements in science and technology are accelerating innovation across industries. Open Cosmos is dedicated to helping customers solve problems using space data and insights, and the collaboration with Accenture aims to make space technology and data more accessible for sustainable progress and innovation.

Open Cosmos is part of Accenture Ventures' Project Spotlight, which targets technology companies that can address strategic innovation needs for the Global 2000. Through this program, Accenture Ventures has also invested in other satellite data and image companies, including Pixxel, Planet, and SpiderOak.

This collaboration reflects the growing interest in leveraging space technology and data for solving real-world challenges, aligning with Accenture's mission to help organizations harness technology to create value and drive innovation.

The terms of the investment have not been disclosed.

About Accenture:

Accenture is a global professional services company that assists leading businesses, governments, and organizations in building their digital core, optimizing operations, accelerating revenue growth, and enhancing citizen services. With a workforce of 732,000 people serving clients in over 120 countries, Accenture combines talent and innovation to drive change. Their services encompass Strategy & Consulting, Technology, Operations, Industry X, and Accenture Song, delivered with a culture of shared success and commitment to creating 360° value for clients, partners, and communities. Technology plays a central role in their mission to drive change, and they maintain strong ecosystem relationships to achieve this. Visit their website at www.accenture.com to learn more.