New partnership with thermal satellite company ConstellR augments cloudeo’s geospatial marketplace, brings higher accuracy and localisation to its crop insurance product.
ConstellR announces a new partnership with geospatial experts cloudeo to help augment cloudeo‘s geospatial marketplace with unprecedented resolution and accuracy thermal infrared imaging data and bring higher accuracy and localization to its crop insurance product.
The agreement between the two geospatial data companies brings both commercial and technical advantages. ConstellR’s high-resolution thermal infrared data will be made available to cloudeo’s broad network of geospatial partners through the cloudeo marketplace, allowing customers in agriculture, oil & gas and maritime markets to exploit new, value-adding data layers which offer higher accuracy and better spatial resolution.
The partnership also allows cloudeo to enhance its Geo-Insurance product, an automated service delivering insights on crop health to insurance companies. ConstellR’s global temperature monitoring products and strong data science capabilities will help enhance the quality and accuracy of cloudeo’s crop damage monitoring and day-to-day farm management services, covering drought monitoring, heatwave- or frost-damage identification, and cost-effective irrigation insights. The performance of cloudeo’s crop type classification deep learning pipeline is also expected to be enhanced.
Based in Germany, ConstellR is pioneering the use of space-based thermal infrared imagery for high-precision agriculture, crop health monitoring, and sustainable resource management. With surface temperature as the key indicator, the company uses evapotranspiration as a fundamental measure of crop water need; critical for irrigation, yield monitoring, and enhancement. Unlike all other satellite-based approaches to crop monitoring, ConstellR’s data allows farmers to mitigate potential crop losses long before irreversible damage occurs. Their first system will launch into orbit in February 2022.
cloudeo is the world’s leading geospatial market platform offering easy access to high-quality, ready-to-use data from industry leaders worldwide as well as software application services and consulting. cloudeo has also developed Geo-Insurance, an online, fully automated platform focused on delivering insights to insurance companies and farmers for crops. Geo-Insurance helps estimate risk, portfolio exposure, fraud detection, and claim inspection prioritization, all tailored to the client’s needs. cloudeo has headquarters in Munich, Germany. cloudeo recently expanded its presence with a new subsidiary (cloudeo Hellas) in Athens, Greece.
cloudeo will leverage its deep experience and heritage in the Earth Observation market to provide easy access to – and publicity for – ConstellR’s data in the geospatial community, enriching its partner product portfolio with unique high resolution and temperature accuracy data layers. Geoanalytics companies across agriculture, public (governmental), as well as oil & gas and maritime markets are the main targeted customer groups based on their interest in thermal data. Furthermore, cloudeo will utilize its geospatial partner network to widely promote ConstellR’s data for integration into new and existing geospatial applications.
Dr. Max Gulde, CEO of ConstellR’s said: “To fight climate change, we need to act now. One of the most vulnerable industries as well as the largest contributors is the agriculture sector. Bringing together the wealth of experience across the complete value chain, this partnership can support agriculture towards enabling a transition to a more secure, and more sustainable global food system.”
The two geospatial companies are not only joining forces to help find novel ways to distribute EO data and upgrade cloudeo’s damage assessment capabilities; their longer-term plan is also to explore the potential for joint product development, with a roadmap of activities already in planning.