Arlula has announced that it has secured a significant strategic investment from Lockheed Martin Ventures, a subsidiary of Lockheed Martin Corporation.
“Lockheed Martin’s investment is a validation of our technology and our vision for the future of satellite imaging. We are thrilled to have an investor that shares our commitment to innovation and our dedication to pushing the boundaries of what’s possible in the space industry,” said Sebastian Chaoui, Co-founder and CEO, adding that the investment provides the company with the financial resources it needs for growth.
Founded in 2018, Arlula has built a cloud-based platform that integrates commercial and government satellite imagery from operators around the world in order to reduce the time it takes to access Earth observation data.
“Lockheed Martin is wholeheartedly committed to investing in Australian industry capabilities and fostering innovation within the space sector,” said David Ball, Regional Director Australia and New Zealand for Lockheed Martin Space.
“We were highly impressed by Arlula’s technology and vision, and this strategic investment reflects our confidence in their capabilities. We believe that, together, we can make space data more accessible and sustainable and transform the future of Earth Observation and satellite technology.”
The funding from Lockheed Martin Ventures adds to the investment already made in Arlula by Main Sequence Ventures.