Tue. Sep 26th, 2023
Accenture Invests in Space Technology Company Open Cosmos to Solve Business Challenges on Earth

Irish-American IT services firm Accenture has recently announced its investment in space technology company Open Cosmos. Open Cosmos specializes in the design, manufacturing, and integration of satellites. The collaboration between Accenture and Open Cosmos aims to provide customers with access to high-quality satellite data and insights on a global scale.

Open Cosmos builds and operates space missions, offering fast and simplified access to data on climate changes, energy, resources, navigation, and more. This partnership with Accenture will help Open Cosmos in achieving its goal of simplifying access to space through the use of smaller satellites. The collaboration aims to ensure that organizations worldwide can benefit from satellite data to improve sustainability, logistics, and other business challenges.

Accenture Ventures led the investment in Open Cosmos as part of its Project Spotlight initiative. Although the terms of the investment were not disclosed, Accenture Ventures has previously invested in satellite data and image companies, such as Pixxel, Planet, and SpiderOak, through Project Spotlight.

Joining Accenture Ventures’ Project Spotlight enables Open Cosmos to co-innovate with Accenture and adapt its solutions to the enterprise market. This engagement and investment program helps technology companies scale faster and more effectively.

By investing in and collaborating with Open Cosmos, Accenture aims to help customers track and analyze space data to solve business challenges on Earth, particularly in relation to sustainability. The use of satellite data can provide valuable insights into various industries and enable organizations to make informed decisions.

The partnership between Accenture and Open Cosmos showcases the increasing importance of space technology in solving real-world problems. With its focus on simplifying access to space and leveraging satellite data, Open Cosmos has the potential to revolutionize industries and contribute to a more sustainable future.