24/7 Space News
Booz Allen Ventures Invests in Albedo's groundbreaking VLEO satellite technology
This strategic partnership between Booz Allen and Albedo not only highlights the increasing importance of space-based technologies in addressing global challenges but also underscores the growing interest in VLEO as a new frontier in satellite imaging. The collaboration promises to unlock new possibilities for high-resolution, cost-effective space imaging, thereby enhancing capabilities in various sectors, from defense to environmental monitoring.
Booz Allen Ventures Invests in Albedo's groundbreaking VLEO satellite technology
by Clarence Oxford
Los Angeles CA (SPX) Jan 24, 2024

Booz Allen Hamilton (NYSE: BAH) has announced a strategic investment through its venture capital arm, Booz Allen Ventures, LLC, in Albedo. This investment marks a significant step in the deployment of Very Low Earth Orbit (VLEO) satellite constellations, offering ultra-high resolution commercial imagery from space.

Chris Bogdan, executive vice president at Booz Allen and leader of the firm's Space business, emphasized the importance of this venture: "This is one of the most forward-looking space investments Booz Allen has ever made and comes at a critical juncture when space capabilities are needed to solve our nation's greatest challenges-geopolitical competition, regional instability, catastrophic climate change, and more." He further added that the level of detail achievable by Albedo's low-flying satellites, which combine optical and infrared sensor data, is "unprecedented in the commercial market."

The investment in Albedo is Booz Allen Ventures' first space-specific commitment, resonating with the fund's focus on dual-use commercial technology solutions. Travis Bales, managing director of Booz Allen Ventures, highlighted Albedo's innovative approach, merging high-resolution imaging typical of aerial platforms with the global coverage of satellites. This blend, he notes, opens up vast applications across defense, intelligence, climate, infrastructure, agriculture, energy, and urban planning sectors.

Albedo's venture into VLEO, a largely unexplored domain situated halfway between the Earth's surface and Low Earth Orbit, is pioneering. They are the first to commercialize this orbit, offering high-resolution, aerial-quality imagery at a lower cost, expanding space as a critical data source for defense, national security, and civil applications.

Topher Haddad, CEO of Albedo, elaborated on the potential applications of their technology: "Ultra-high-resolution imagery, coupled with thermal infrared, can be leveraged across a breadth of applications, for everything from urban planning and pipeline monitoring to U.S. and allied military operations." Haddad envisions providing users with the clarity needed to act with certainty in various scenarios, from warzones to environmental monitoring.

This investment round also saw participation from Standard Investments, Breakthrough Energy Ventures, Shield Capital, Initialized Capital, Y Combinator, Giant Step Capital, Republic Capital, and others.

Booz Allen's investment in Albedo builds upon its extensive history of delivering space solutions to entities like NASA, the intelligence community, and the Department of Defense. The firm's multifaceted support spans over 50 years and includes projects like the International Space Station, NASA's Artemis mission, and the Cybersecurity and Privacy Enterprise Solutions and Services (CyPrESS) contract, along with contributions to U.S. Space Force space constellations and advanced ground space system capabilities for the intelligence community.

Related Links
The latest information about the Commercial Satellite Industry

Subscribe Free To Our Daily Newsletters

The following news reports may link to other Space Media Network websites.
UK Space Agency Boosts Agri-tech Start-Up at Space Park Leicester
Leicester UK (SPX) Jan 23, 2024
In a notable advancement for the agri-tech sector, the UK Space Agency has recently endorsed Messium, an agri-tech start-up, by accepting it onto its exclusive Geo Accelerator program. This move highlights the UK's commitment to fostering innovation in agricultural technology, particularly in the realm of reducing global agricultural waste. Messium, established in May of the previous year, is at the forefront of an effort to revolutionize the agricultural industry. The company is focusing on decre ... read more

Sierra Space unveils full-scale prototype of expandable space station structure

Salad in space? New study says it's not a healthy choice

Ax-3 Crew Joins Expedition 70 in Space Station for Dual Operations and Research

ISS set to receive enhanced HPE Supercomputer

CAS Space achieves new milestone with Kinetica 1 Y3 launch deploying 5 satellites

Spain's PLD Space Selected for European Institutional Space Launch Contracts

Equatorial Launch Australia unveils advanced horizontal integration facility

China's LandSpace achieves new feat with Zhuque-3's Vertical Recovery Test

NASA helicopter's mission ends after three years on Mars

New Year, New images from Perseverance on Mars

Polka Dots and Sunbeams: Sol 4078

Buried water ice at the Martian equator

Shenzhou 18 and 19 crews undertake intensive training for next missions

Tianzhou 6 burns up safely reentering Earth

Yan Hongsen's future dreams as 'Rocket Boy'

China's Tianzhou 7 docks with Tiangong Space Station

Into the Starfield

Booz Allen Ventures Invests in Albedo's groundbreaking VLEO satellite technology

Sidus ships LizzieSat to Vandenberg for upcoming SpaceX launch

Small solar sails could be the next 'giant leap' for interplanetary space exploration

Novel color holographic 3D display offers enhanced viewing angle

Redwire joins forces with Blue Origin on Blue Ring Space Mobility Platform

Scientists trap krypton atoms to form one-dimensional gas

GMV and Astroscale UK spearhead new ESA initiative for improved satellite collision avoidance

New Insights into Earth's Earliest Life Forms Discovered in Palaeoarchaean Rock Samples

Revolutionizing Chemistry: Over 4 Billion Early-Life Reactions Simulated via Blockchain

NASA's Hubble Finds Water Vapor in Small Exoplanet's Atmosphere

Shallow soda lakes show promise as cradles of life on Earth

New images reveal what Neptune and Uranus really look like

Researchers reveal true colors of Neptune, Uranus

The PI's Perspective: The Long Game

Webb rings in the holidays with the ringed planet Uranus

Subscribe Free To Our Daily Newsletters


The content herein, unless otherwise known to be public domain, are Copyright 1995-2023 - 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.