Antarctica Capital, an international private equity firm, has formed EarthDaily Analytics, an integrated data processing and analytics company that offers digital products and analytics for delivery to the global agricultural industry. EarthDaily Analytics utilizes satellites to collect vast amounts of raw imagery of the Earth’s surface. Its proprietary cloud-based data processing software automatically transforms that raw imagery into scientific grade analytics-ready, calibrated image products and analytics.
Chandra Patel, managing director of Antarctica Capital, said, “We carefully evaluated participating in this dynamic industry sector and are very excited to build this new platform. We believe the company has unique competitive advantages and is well positioned to be an industry leader with its focus upon leveraging its software and data analytics as a service platform, driven by AI and machine learning. We share the management team’s vision for growth and look forward to our partnership with them to bring these plans to life and create value for their customers.”
Don Osborne, CEO of EarthDaily Analytics, added, “EarthDaily’s collection processing, and distribution of ultra-high-quality data provides unprecedented value by optimizing the ability to reliably gather information from satellite imagery and quickly process at scale for various commercial markets. Use of technology in the agriculture industry optimizes production and improves sales and profitability and we want to be at the forefront of that expanding opportunity. We are excited to partner with Antarctica Capital to realize the transformative potential of our technology.”
McCarthy Tétrault LLP and Clifford Chance US LLP provided legal counsel to Antarctica Capital and KPMG provided financial and tax counsel.