Strategic 3-Year Agreement Announced by Satellogic, Quant Data & Analytics

A strategic 3-year agreement has been signed between Satellogic and Quant Data & Analytics. This strategic 3-year agreement leverages Satellogic’s high-resolution satellite imagery to serve and evolve the ever-expanding property tech landscape across the Kingdom of Saudi Arabia and the Gulf region.

"The integration of high-resolution satellite imagery with our AI and geospatial technologies elevates our interactive real estate platform."

Ahmed Bukhamseen, Quant Data & Analytics

Quant’s collaboration with Satellogic will lead to the development of derivative products, transforming and broadening the adoption of data science, AI, and SaaS products for real estate and retail. Satellogic’s flexible and scalable business model will support Quant’s Suhail platform, an interactive real estate tool for agencies, developers, and clients. The agreement will empower the Saudi Arabian and Gulf region’s real estate and retail sector by delivering AI solutions and unparalleled insights, accuracy, and efficiency for driving growth and enhancing decision-making processes.

“Our collaboration with Satellogic marks a momentous advancement in data analytics for our region," said Ahmed Bukhamseen, Quant Data & Analytics. "The integration of high-resolution satellite imagery with our AI and geospatial technologies elevates our interactive real estate platform, Suhail, and Location Intelligence tool powered by Fruits360 to unprecedented levels. This strategy resonates with our vision of a data-driven global economy and fulfills our goal to spread, implement, and automate data-led solutions.”

Strategic 3-Year Agreement Creates Opportunities

“Quant is redefining the future of real estate and retail, creating opportunities for evolving processes such as property valuations and insurance underwriting," said Caitlin Kontgis, Satellogic’s Senior Vice President of Commercial and Growth. "They needed an Earth Observation data provider capable of delivering high capacity, high resolution, and frequent revisits at an attainable price. This relationship illustrates the potential of Satellogic’s Earth Observation business model.”

This strategic 3-year agreement is timely, coinciding with increased Saudi government investment in infrastructure to stimulate tourism, residential, and commercial real estate developments. Leveraging Satellogic’s high-resolution EO satellite constellation, the agreement will enable monitoring of rapid urban development and compliance with environmental and zoning regulations, enhancing competitiveness in the high growth market.

By harnessing the power of satellite imagery, Quant is laying the foundation for a futuristic approach to data-led development, monitoring, and decision-making. This collaboration promises to be a game-changer in utilizing big data to make transformative impacts on real estate, retail and beyond.

(Source: Satellogic news release. Images provided and from file)