Sidus Space acquires Exo-Space – SatNews
Summary
Exo-Space occupies a unique niche in the realm of U.S. owned eAI computing, concentrating on software and hardware solutions for space assets that use faster processing speeds. The synergy between Sidus’ satellite constellation, edge computing, and AI platform is expected to deliver substantial enhancements in leveraging space-based data. The integration of Exo-Space EdgeAI technology with Sidus’ sensors provides significant value and transformative potential across various domains.” — Carol Craig, Founder and CEO, Sidus Space “Exo-Space’s combination of space hardened hardware and resilient software made this an attractive acquisition in creation of value to both our customers and shareholders. The concept of offering customers a special “rideshare” opportunity with a software platform to upload, change, and improve analytics of payloads onboard is a forward-thinking and innovative approach. This idea aligns with the increasing demand for flexibility and customization in satellite missions and data collection.” — Jared Novick, Senior Vice President of Strategy & Special Projects, Sidus Space “By joining the Sidus team and integrating our AI capabilities into LizzieSat, we can now better deliver the benefits of space-based AI to more customers and on a shorter timeline than was previously possible.” — Jeremy Allam, Chief Executive Officer, Exo-Space
Funding
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