Spire Global partners with LatConnect60 to enhance data-driven agriculture practices

Written by Copernical Team Wednesday, 27 November 2024 10:19

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Los Angeles CA (SPX) Nov 26, 2024

Spire Global (NYSE: SPIR), a leading provider of space-based data and analytics, has been selected by LatConnect60, a data and analytics company specializing in Earth Observation, to deliver Global Navigation Satellite System Reflectometry (GNSS-R) data and Soil Moisture Insights. These tools aim to improve sustainable agriculture practices through precise environmental monitoring. The Wor

Spire Global partners with LatConnect60 to enhance data-driven agriculture practices
by Clarence Oxford
Los Angeles CA (SPX) Nov 26, 2024

Spire Global (NYSE: SPIR), a leading provider of space-based data and analytics, has been selected by LatConnect60, a data and analytics company specializing in Earth Observation, to deliver Global Navigation Satellite System Reflectometry (GNSS-R) data and Soil Moisture Insights. These tools aim to improve sustainable agriculture practices through precise environmental monitoring.

The World Bank emphasizes the high return on investments in climate-resilient agriculture, estimating benefits between three to eight times the costs. With this in mind, LatConnect60 will integrate Spire's GNSS-R data and Soil Moisture Insights into its platforms to support water management, optimize efficiency, and monitor crop stress levels. These tools are tailored to benefit farmers, policymakers, and resource managers.

"LatConnect60 looks forward to working closely with Spire to make this combined capability easily accessible to our end users across the Southeast Asian and Australian continents," said Venkat Pillay, CEO and Founder of LatConnect60. "We envisage tremendous demand for the insights that will be made available, particularly in agricultural or forestry areas that are not easily accessible for manual data collection, while leveraging the ability for the GNSS-R data to enable daily soil moisture readings even in heavy cloud cover and dense canopy environments."

LatConnect60's satellite fleet, equipped with optical imagery and shortwave infrared technology, will integrate Spire's GNSS-R data to deliver comprehensive environmental intelligence. Customers across Southeast Asia and Australia will gain access to dynamic maps and dashboards that provide daily updates on water use, crop health, and multispectral satellite data for improved decision-making.

"Predicting biomass growth and understanding soil moisture conditions are essential for building climate resilience," said Michael Eilts, general manager of Weather and Climate at Spire. "By combining our GNSS-R technology with LatConnect60's analytical platforms, we are setting new benchmarks for accuracy in soil moisture data and comprehensive environmental monitoring in any corner of the globe."

Spire's Soil Moisture Insights utilize a GNSS-R satellite constellation to provide high-resolution daily soil moisture data, available at both 500-meter and six-kilometer resolutions. This product supports a variety of applications, including drought and flood forecasting, irrigation planning, commodity pricing, and hydrological modeling. Accessible via API, the tool seamlessly integrates with existing systems to deliver actionable insights for sectors such as agriculture, resource management, and climate monitoring.

Research Report:Soil Moisture Insights