Picterra, founded in 2016 and based in Switzerland, provides a geospatial AI platform that enables users to extract intelligence and analytics from satellite, aerial, and drone imagery. It offers a no-code machine learning SaaS platform that allows users to train, manage, and deploy geospatial algorithms for various applications, including monitoring infrastructure, ensuring supply chain traceability, and supporting environmental, social, and governance (ESG) goals. Picterra partners with imagery providers like Planet Labs and Spatial Distillery Company and integrates with platforms like ArcGIS Pro and QGIS to offer comprehensive geospatial solutions to clients like Cyient, Fugro, and The World Bank.
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ACE & Company participated in Picterra’s $6,500,000 investment round.
VI Partners led the $6,500,000 investment in Picterra.
Picterra will use the $6,500,000 investment to innovate its platform, scale the business, and boost mass adoption by enterprise customers.
Picterra offers a no-code machine learning SaaS platform that enables users to train, manage, and deploy geospatial algorithms.
Picterra's partnership with SkyWatch enables them to offer a self-service platform for direct access and purchase of imagery, along with customized geospatial analytics.
Picterra's platform features a ready-to-use IT infrastructure that processes terabytes of imagery using auto-scaling, GPU-enabled capabilities.
SkyWatch's CEO and co-founder James Slifierz stated that partnerships like Picterra help further their mission to make Earth observation more accessible.
Picterra's methods for extracting information from imagery are 90% less expensive than traditional data science services.
Picterra's data analysis methods are 95 times faster than traditional techniques, allowing machine learning models to be built in less than 30 minutes without coding skills.
The partnership between SkyWatch and Picterra aims to create a leading solution for extracting insights using self-serve machine learning and AI tools with Earth observation imagery.
SkyWatch announced a partnership on 2020-10-05 with Picterra.