24/7 Space News
Accenture invests in Open Cosmos to expand access to satellite data
File illustration of Open Cosmos concept.
Accenture invests in Open Cosmos to expand access to satellite data
by Staff Writers
Paris, France (SPX) Sep 12, 2023

At this year's World Satellite Business Week in Paris, Accenture (NYSE:ACN) announced an investment and collaboration with Open Cosmos, a space technology company that focuses on the design, manufacturing and integration of satellites. Open Cosmos builds and operates space missions, providing access to high quality satellite data and insights on a global scale via a data services platform.

The two companies will help clients track and analyze data found in space in order to help solve business challenges found on Earth, particularly related to sustainability. Accenture Ventures led the investment as part of its broader Project Spotlight initiative.

Launching a satellite into space can take years of preparation and millions of dollars, putting the prospect out of reach for most companies. Open Cosmos democratizes access to satellite data by allowing multiple companies to retrieve data collected by one satellite, while also managing the satellite infrastructure with a proprietary platform technology that allows companies to easily collect and share data.

"Accenture sees a future where every company is able to tap into the vast potential of data captured in space in order to push past the boundaries of the possible and find new sources of innovation," said Tom Lounibos, managing director, Accenture Ventures. "Although access to this data has traditionally been limited and costly, Open Cosmos removes these barriers with satellites that launch quickly and simply, providing fast access to data on climate changes, energy, resources, navigation and more."

"Today we stand at the edge of a paradigm shift, as numerous companies strive to democratize access to space and provide access to its valuable information," added Paul Thomas, Space Innovation Lead, Technology Innovation at Accenture. "Open Cosmos is dedicated to helping their customers solve problems using data and insights from space. Working together, we envisage a world where space technology and data are more accessible and can be more easily harnessed and interpreted to fuel innovation and drive sustainable progress."

Accenture's 2023 Technology Vision found that 85% of executives believe that advancements in science tech are accelerating innovation within their industry. From space industry expansion to breakthroughs in drug discovery, the feedback loop between science and technology is getting faster, with each accelerating the advancement of the other, in ways that will turbocharge scientific discovery.

"Open Cosmos is one of the fastest growing companies in the satellite sector," said Rafel Jorda Siquier, founder and CEO, Open Cosmos. "This investment and collaboration with Accenture will help us achieve our goal of simplifying access to space using smaller satellites and ensure that a greater number of organizations all over the world can benefit from the richness of satellite data to improve sustainability, logistics and other global and business challenges."

Open Cosmos is the latest company to join Accenture Ventures' Project Spotlight, an engagement and investment program that targets technology companies that can help fill strategic innovation gaps for the Global 2000. These companies co-innovate with Accenture, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively. Through Project Spotlight, Accenture Ventures has recently invested in several additional satellite data and image companies, including Pixxel, Planet, and SpiderOak.

Related Links
Open Cosmos
Earth Observation News - Suppiliers, Technology and Application

Subscribe Free To Our Daily Newsletters

The following news reports may link to other Space Media Network websites.
Remote-sensing satellite launched from Gobi Desert
Beijing (XNA) Sep 08, 2023
China launched a remote-sensing satellite early on Thursday morning for a host of civilian purposes, according to China Aerospace Science and Technology Corp, the nation's leading space contractor. The State-owned conglomerate said in a news release that the Yaogan 33C was carried by a Long March 4C rocket that lifted off at 2:14 am at the Jiuquan Satellite Launch Center in the northwestern Gobi Desert and successfully arrived in its preset orbit. Remote-sensing satellites refer to those tas ... read more

Station Hosts 11 Crewmates from Five Countries

A multinational crew blasts off from Florida, heading for the International Space Station

NASA challenges students to fly Earth and Space experiments

US seeks to extend China science accord, but only briefly for now

Musk threatens to sue anti-defamation group for falling revenue

Benchmark Space Systems cracks code for viable ASCENT propellant

Private rocket maker sends remote-sensing satellite into orbit

Pulsar Fusion forms partnership with University of Michigan for electric propulsion

Effect of geometric porosities on aerodynamic characteristics of supersonic parachutes

Copy and Paste at Gale Crater: Sols 3934-3935

Sols 3932-3933: Touch and Go, Go, Go!

NASA, Partners study ancient life in Australia to inform Mars search

From rice to quantum gas: China's targets pioneering space research

China to launch "Innovation X Scientific Flight" program, applications open worldwide

Scientists reveal blueprint of China's lunar water-ice probe mission

Shenzhou 15 crew share memorable moments from Tiangong Station mission

LeoStella and Hera Systems Establish Strategic Alliance

Viasat provides status update on Inmarsat-6 F2

Momentus announces reverse stock split

Pentagon awards contracts for next 'swarm' of tiny missile defense satellites

China pledges to invest billions in Serbian copper and gold mine

German circus replaces live animals with holograms

From art squat to Berlin gentrification lightning rod

US envoy feasts on Fukushima fish, slams China water 'dumps'

Scientists detect and validate the longest-period exoplanet found with TESS

Newly discovered planet has longest orbit yet detected by the TESS mission

Thermometer molecule confirmed on exoplanet WASP-31b

Accretion disks: How big are they really?

SwRI will lead Hubble, Webb observations of Io, Jupiter's volcanic moon

In the service of planetary science, astrophysics and heliophysics

Mysterious Neptune dark spot detected from Earth for the first time

Neptune's Disappearing Clouds Linked to the Solar Cycle

Subscribe Free To Our Daily Newsletters

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.