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INDUSTRIAL | Aerospace & Defense
terrabella.google.com

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Founded Year

2009

Stage

Acquired - II | Acquired

Total Raised

$91M

About Terra Bella

Terra Bella is a commercial remote sensing company seeking to provide access to information that describes the daily activity on the planet. The company is designing, manufacturing, and operating a coordinated constellation of high-resolution microsatellites in order to deliver timely imagery and video of any spot in the world. The company's product offers applications in mapping, competitive intelligence, emergency response, land use management, counting and analytics, and surveying. These applications can be used in a number of industries, such as, online mapping, oil & gas, financial trading, real estate and construction, natural resources, maritime, civil government, and agriculture.

Terra Bella Headquarter Location

1061 Terra Bella Ave

Mountain View, California, 94043,

United States

Latest Terra Bella News

The Past And Present Are Telling Of The Future, So What's Next For Planet?

Nov 29, 2021

Planet Don't blink, or you will miss the next big thing from Planet Labs, and just as the past ten years have been exciting for the company, I believe the next ten years have the potential to be even more disruptive As Planet becomes a publicly-traded company in the coming weeks, I want to talk about what's next for Planet. It is no secret that the past and the present predict the future, and I want to look at what Planet has done in the past and what it's doing currently to get an idea of how going public will accelerate Planet's existing leadership. I want to start with the market competition. Competition While having a monopoly on markets is frowned upon when larger companies have them, it is always interesting how companies come to have a monopoly on a market. Planet got a massive head start and never took its foot off the accelerator. Competitive slide from Planet’s September investor day Planet Planet Labs routinely images 300 million square kilometers of Earth's landmass every 24 hours. It has the largest fleet of satellites with 200 satellites in orbit, eclipsing its closest competitors by the size of about ten to twenty times. MORE FOR YOU Based on our analysis, Planet could be five to seven years ahead of any competition and is currently the only company to offer such a robust big data and analytics service. My company Moor Insights and Strategy, recently wrote a research paper which you can read here . I also had the chance to sit down with the CEO of Planet, Will Marshall, and the CEO of dMY Technology Group inc. Niccolo de Masi, which you can read about here and watch here . Past Acquisitions I would like to highlight some key acquisitions that Planet has made over the past couple of years for a few reasons. One reason is that it shows the growing success of Planet and its ability to fill in technologies that complement its service, almost like a bingo card that always aims vertically. Some companies have the muscle for M&A and some don’t. The other reason is to show that when Planet goes public, it will be able to make these acquisitions on a grander stage. Going public will give Planet the funds it needs to make strategic growth plays, including acquisitions of smaller software and electronic companies to increase its sales force and potentially double its software engineering headcount. Planet’s revenue growth since 2016 has been 27% CAGR. Planet In 2017, Planet Labs acquired Terra Bella from Google, which added high-resolution data to its products. This deal to acquire Terra Bella opened Planet up to access new customers and emerging markets. The new satellites were complementary to Planets already existing satellites under its agile aerospace model. What is unique about this acquisition is that it accelerated Planet's growth into other verticals while keeping Planet disciplined in its vision. SkySat, Terra Bella's high-resolution fleet of seven satellites, enabled Planet to exceed its revenue goals in 2016. San Francisco Bay, captured on December 27, 2016. Planet Similarly, Planet acquired Boundless in 2018, a geospatial software solutions company, to expand its commercial business with the U.S. government and commercial agriculture clients. The acquisition expanded Planet's already existing business with the  U.S. Government. Planet's growth was not in a new or future market, rather expanded Planet's already existing offerings. Planet's most recent acquisition of VanderSat follows its growth in providing Earth data and analytics. VanderSat provides Earth data and analytics through satellite data provided by NASA, ESA, and JAXA, reporting on key insights to the Earth's surface. VanderSat's value is at the upper end of the stack for Planet's vertical markets. It falls in line with Planet's one-for-many value proposition. The acquisition of VanderSat comes with the mindset that it will expand Planet's position in the agriculture vertical while also maturing other smaller verticals. Like the bingo analogy before, VanderSat is at the upper end of the bingo card. These three acquisitions are not the only business plays that Planet has made over the past ten years, but it does highlight the strategic expansion of Planet to put it in the monopoly position it is in today. The net-net is that Planet knows how to acquire and integrate and will have the funds to make even larger and even more acquisition in the future. With Planet holding a monopoly on satellite imagery, there is plenty of room to grow for this 800lb gorilla. Customer testimonies While company acquisitions played a significant role in Planet's growth, its first mover advantage, agile aerospace strategy, its one-to-many value proposition, and its business model of scalable Earth data and analytics brings it to where it is today and where it will be tomorrow. If you haven't already, I recommend going back and reading Moor Insights & Strategy and Strategy's research paper linked above and my interview with Planet and dMY to understand Planet's agile aerospace development process, one-to-many value proposition, and its business model of scalable Earth data and analytics. Planet's agile aerospace is what allowed Planet to design and build a fleet of satellites ten times larger than any competitor. Its one-to-many value proposition allows Planet to provide a subscription service to a diverse and growing customer base because of Planet's understanding that Earth data and analytics are valuable to more vertical markets than one. Planet also understands that it is a data company first and an aerospace company second, allowing it to be unmatched in both the data space and aerospace space. In our age where every business is going through a digital transformation, Planet's subscription service runs alongside these transforming and scalable businesses. One customer testimony to the invaluable Earth data Planet provides is in the vertical and digitally transforming vertical agriculture market. Planet's partner Granular , an agricultural technologies company that provides data insights to farmers leverages Planet's high-frequency PlanetScope imagery in its Granular Insights solution. Granular says it uses PlanetScope to analyze the health of crops during the growing season, notifying farmers of in-field change to better direct farmers when there are deviations from expected crop growth. One fascinating aspect of this Earth data and analytics utilization is that farmers never asked for this technology. The data and analytics are invaluable to the farmers and increase their crop yields by a significant amount. Granular Directed Scouting is Granular’s solution with satellite imagery. Granular Another market that can utilize Planet's Earth data and analytics is the financial and insurance market. In 2017, Planet was able to show a birds-eye view of the impact of Hurricane Harvey floods on the Motiva Refinery in Texas that was stalling gas production. This information allowed hedge funds, asset managers and private equity firms to anticipate the market and make better investment decisions based on the impact of the hurricane on gas production. Planet's involvement in the Insurance and financial market shows how Earth data and analytics is valuable to more vertical markets than we might think. It is similar to when 3G Network came to the table, and many wondered what would come of all this data, then visionaries made something of it. Similarly, there is an abundant amount of Earth data to be utilized, and Planet is continuing to learn of the different markets to jump into. Picture of the Motiva Refinery, TX on September 19, 2017. Planet To put into perspective the potential of Planet's Earth data, in the past half-decade, Planet's Earth data has contributed to over 1,500 academic publications. Dr. Joseph Mascaro, Director of Science Programs at Planet, said, "These users—many of them undergraduate and graduate students—are helping to realize our founding intent to use space to help life on Earth." What is not included in Planet's blog is the various categories of academic research that utilize Planet data. Although it would be telling of the breadth of educational impact Planet's data has, even more so I believe it would give us an idea of the number of markets Planet could potentially impact in the coming years. Wrapping up As Planet goes public, it will be exciting to see the accelerated growth of its already disruptive presence. It has made many strategic acquisitions in the past, and it has many innovative testimonies to show. I believe it has the most potential of any company to be the next Big Tech, not only because of its financial potential but also for its scalable influence in various vertical markets. Planet looks to be poised to be the long-term beneficiary of winner takes most, if not winner takes all in the Earth data and analytics space. Note: Moor Insights & Strategy co-op Jacob Freyman contributed to this article. Follow me on  Twitter  or  LinkedIn . Check out my  website  or some of my other work  here . Moor Insights & Strategy, like all research and analyst firms, provides or has provided paid research, analysis, advising, or consulting to many high-tech companies in the industry, including 8x8, Advanced Micro Devices, Amazon, Applied Micro, ARM, Aruba Networks, AT&T, AWS, A-10 Strategies, Bitfusion, Blaize, Box, Broadcom, Calix, Cisco Systems, Clear Software, Cloudera, Clumio, Cognitive Systems, CompuCom, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Digital Optics, Dreamchain, Echelon, Ericsson, Extreme Networks, Flex, Foxconn, Frame (now VMware), Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Google (Nest-Revolve), Google Cloud, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, Ion VR, Inseego, Infosys, Intel, Interdigital, Jabil Circuit, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation, MapBox, Marvell, Mavenir, Marseille Inc, Mayfair Equity, Meraki (Cisco), Mesophere, Microsoft, Mojo Networks, National Instruments, NetApp, Nightwatch, NOKIA (Alcatel-Lucent), Nortek, Novumind, NVIDIA, Nuvia, ON Semiconductor, ONUG, OpenStack Foundation, Oracle, Poly, Panasas, Peraso, Pexip, Pixelworks, Plume Design, Poly, Portworx, Pure Storage, Qualcomm, Rackspace, Rambus, Rayvolt E-Bikes, Red Hat, Residio, Samsung Electronics, SAP, SAS, Scale Computing, Schneider Electric, Silver Peak, SONY, Springpath, Spirent, Splunk, Sprint, Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, TE Connectivity, TensTorrent, Tobii Technology, T-Mobile, Twitter, Unity Technologies, UiPath, Verizon Communications, Vidyo, VMware, Wave Computing, Wellsmith, Xilinx, Zebra, Zededa, and Zoho which may be cited in blogs and research.

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Expert Collections containing Terra Bella

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Terra Bella is included in 1 Expert Collection, including Space Tech.

S

Space Tech

202 items

With rocket and satellite development costs falling, a regulatory embrace of private spaceflight (“new space”), and better remote sensing and data analytics capabilities, funding to space tech companies has rocketed from almost nothing in 2012, to approximately $4B in combined fu

Terra Bella Patents

Terra Bella has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/30/2014

8/22/2017

Operations research, Combinatorial optimization, Mathematical optimization, Optimization algorithms and methods, Travelling salesman problem

Grant

Application Date

12/30/2014

Grant Date

8/22/2017

Title

Related Topics

Operations research, Combinatorial optimization, Mathematical optimization, Optimization algorithms and methods, Travelling salesman problem

Status

Grant

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