Accenture Invests in Indian NewSpace startup Pixxel

International IT options firm Accenture has made a strategic funding in Pixxel, Based mostly in Bangalore, Pixxel is constructing the world’s highest decision hyperspectral imaging satellite tv for pc constellation in an effort to supply trade AI-powered insights that uncover, remedy, and predict local weather points at a fraction of the price of conventional satellites. Pixxel’s satellites can seize photos at lots of of wavelengths within the electromagnetic spectrum and reveal key information in regards to the well being of our planet that’s invisible to different satellites.

The corporate’s deliberate constellation of hyperspectral satellites will reshape how companies throughout agriculture, protection, mining, environmental, and different important industries make choices on a worldwide stage to scale back their environmental influence. The information from Pixxel’s satellites present 8x extra data and 50x higher decision than current in-market choices.

“We proceed to take nice curiosity in startups throughout the burgeoning house trade, which some have forecasted will attain $1 trillion in income by the yr 2040, and Pixxel is a very thrilling firm sitting on the intersection of house expertise and sustainability,” stated Tom Lounibos, managing director, Accenture Ventures.

“Think about having the ability to predict a famine earlier than a crop infestation takes over or cease an oil spill earlier than it endangers delicate oceanic biospheres. Pixxel’s hyperspectral imaging expertise has the potential to just do that, and in doing so, might assist scientists tackle a number of the world’s most urgent challenges to our Earth.”

Pixxel’s bold plan

Pixxel’s first industrial part satellites are scheduled to be launched in early 2023 together with the industrial sale of its information. With six satellites flown in a sun-synchronous orbit (SSO) round a 550 km altitude, Pixxel’s hyperspectral constellation will be capable of cowl any level on the globe each 48 hours. With much more satellites scheduled to launch in late 2023, Pixxel shall obtain day by day world protection by early 2024. The learnings from the information beamed down by this constellation will present a worldwide scale perspective of planetary-scale ecosystems and biospheres that will likely be used to create an AI-informed evaluation platform and a digital twin of the earth.

“We’re excited to hitch Accenture’s Challenge Highlight and collaborate with Accenture’s innovation labs, enterprise and trade consultants, and highly effective purchasers and ecosystem companions throughout aerospace, science, expertise, and sustainability,” stated Pixxel CEO and co-founder Awais Ahmed.

“Accenture’s world attain and help will assist speed up our bold mission to create a well being monitor for the Earth and leverage our expertise to handle a number of the most urgent points going through our planet.”

To this point, greater than 50 clients have signed pre-launch agreements with Pixxel from industries spanning agriculture, oil and gasoline, mining, and local weather sectors.

Accenture’s latest endeavors

Pixxel is the most recent firm to hitch Accenture Ventures’ Challenge Highlight, an engagement and funding program centered on investing in firms that create or apply disruptive enterprise applied sciences. Along with funding, Challenge Highlight connects rising expertise software program startups with the International 2000 to fill strategic innovation gaps, and gives in depth entry to Accenture’s area experience and enterprise purchasers, serving to startups harness human creativity and ship on the promise of their expertise.

Accenture additionally introduced that it has fashioned a brand new three way partnership firm, Kubota Knowledge Floor with Kubota Company. The brand new enterprise will focus to speed up the digital transformation (DX) of the Kubota group’s enterprise mannequin and working infrastructure and can start operations on September 1, 2022.

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