LiveEO is proud to announce that we have received an €800k grant from the European Space Agency (ESA) to expand our innovative asset monitoring services to new markets. The project, titled RaumZeit, will use a generalised EO tech stack to further develop monitoring services for the forestry sector and insurers based on satellite data and AI.
Through the use of innovative machine learning algorithms and spatio-temporal risk analytics, the services will support forest management and the monitoring of assets by providing regular and reliable overviews of conditions and their evolution across entire estates or portfolios. The services will also provide event-driven insights of potential damages incurred.
The Demonstration Project will be implemented within the framework of the ESA Business Applications programme. This programme provides financial support and access to ESA’s network to businesses who develop innovative ideas based on the use of satellite applications and space technology.
At LiveEO, we are incredibly thankful for the continued trust and support from ESA. This grant will enable us to expand our product offerings to new industries and markets, and continue to provide reliable, innovative asset monitoring services to our customers.