U.S., June 25 -- In a recent press release, BP Ventures announced that it would be investing USD$5mn in geospatial analytics software company Satelytics
Based in the cloud, the company's technology features state-of-the-art technology utilising spectral imagery and machine learning (ML) algorithms to detect environmental changes such as leaks, which could prove a core asset in the bid to make oil and gas facilities safer.
Summarising the functions of its equipment, Satelytics details a seven-part process:
1. Data acquisition is carried out via a host of airborne sensors, including satellites, aircraft, drones and fixed platforms.
2. These sensors are able to detect light across the electromagnetic spectrum.
3. However, the sensors are ...