BlackSky Wins $4.4 Million IARPA Contract to Provide Advanced Artificial Intelligence for Space-Based Dynamic Monitoring
Company’s unique Spectra AI machine-learning platform accelerates application of SMART technologies for automated recognition of strategic activity and change
HERNDON, Va.--(BUSINESS WIRE)-- BlackSky Technology Inc. (NYSE: BKSY) received a $4.4 million award from the Intelligence Advanced Research Projects Activity (IARPA) to support the second phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) Program.
“As part of our work, BlackSky created a high-performance MLOps (machine learning operations) framework that was ultimately selected to perform as the core infrastructure to the entire SMART program,” said Patrick O’Neil, BlackSky chief innovation officer.
“The MLOps framework will extend BlackSky’s Spectra AI tasking and analytics capabilities and accelerate the development of SMART technologies that make quick sense of the immense volume and complexity of space-based image data,” O’Neil added.
The SMART program aims to automate the quantitative analysis of space-based imagery to perform broad-area searches for natural and man-made events using time-series imagery. Under the program BlackSky has developed both supervised and semi-supervised machine learning algorithms to automatically recognize heavy construction projects such as military bases, stadiums, campuses, dams, and airports.
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events on Earth.
BlackSky designs, owns and operates one of the industry’s leading low earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it. BlackSky's Spectra AI software platform processes data from BlackSky's constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on Twitter.
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.
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Source: BlackSky Technology Inc.
Released July 14, 2022