Planet Labs, Abelio Expanding Partnership to Develop New Precision Farming Tools

MT Newswires Live11-14 23:37

Planet Labs PBC (PL) said Thursday it is expanding its partnership with Abelio to develop additional digital agriculture and other precision farming applications.

As part of the expanded agreement, Abelio will combine satellite imaging from Planet Labs' PlanetScope and Sentinel-2 data streams to its algorithms and machine-learning models to produce time-sensitive insights for farmers.

Abelio will also be able to quickly access plots of farms using the Planet Insights Platform workspace, significantly reducing the company's development time and costs.

Shares of Planet Labs were up over 3% in recent trading activity.

Price: 3.11, Change: +0.11, Percent Change: +3.50

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment