Lockheed Martin backs Aussie space start up

Space satellite imagery starup Arula has received ‘a strategic investment’ by global aerospace company Lockheed Martin.

Arlula declined to disclose the sum, however, it said “the investment not only provides us with the financial resources needed for growth but also opens up a world of opportunities”.

This latest investment is in addition to the $2.2 million Arlula raised in May this year, in a funding round led by Main Sequence Ventures.

“Lockheed Martin’s investment is a validation of our technology and our vision for the future of satellite imaging,” Arula CEO Sebastian Chaoui said.

“We are thrilled to have an investor that share our commitment to innovation and our dedication to pushing the boundaries of what’s possible int eh space industry.

“This collaboration with Lockheed Martin is not just an investment; it’s a collaboration that aligns perfectly with our mission.”

Arlula’s technology is a platform that integrates government and commercial satellite data from various operators around the world to provide faster Earth observation data. The company says it could allow remote asset managers in mining, oil and gas industries and even forestry the ability to acquire and operationalise satellite imagery at scale without the need for technology integrations or negotiations with other platforms.