Cloudeo AG, the global leader in the geospatial solutions marketplace, and its strategic partner Precision Landing GmbH today announced the acquisition of TerraLoupe GmbH, a Munich based geo platform and HD mapping company. A geo platform that uses machine learning technology to detect objects from aerial imagery automatically creates a 3D digital twin of the world.
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TerraLoupe supports its customers in Roads, Parking, Buildings, Pools, Vegetation, and Infrastructure using state-of-the-art deep learning algorithms and large amounts of data to analyze aerial imagery at scale.
Terraloupe was founded on the premise that understanding accurate geo image data could fundamentally improve businesses’ decision-making – introducing new prospects for numerous industrial applications. TerraLoupe acquired aerial images through its network of partners, analyzed them by their proprietary machine learning algorithms, and provide object recognition to locate every piece of relevant information for its customers.
“This acquisition strengthens our customer reach and increases alignment to our core strategic objectives with the geospatial solutions marketplace to our customers and partners into one standard operating platform globally. It adds key technical competencies such as machine learning to our platform,” said Dr. Manfred Krischke, CEO of Cloudeo AG
After the successful merger of TerraLoupe’s AI department for Autonomous Systems Safety in May 2020 with Edge Case Research GmbH, it is the second M&A for TerraLoupe with a glorious future.
“I am thrilled that TerraLoupe now has an impact in two different domains within such important emerging markets.” Manuela Rasthofer, founder TerraLoupe
TerraLoupe will continue to serve its customers as TerraLoupe GmbH in Switzerland as a joint venture of cloudeo AG (with a majority) and Precision Landing GmbH.
“The geodata and earth observation industry has become a significant part of Precision Landing’s business over the last few years. The joint venture with the strategic partner cloudeo AG to acquire TerraLoupe’s business is a considerable step based on the corporate growth strategy and expanding Precision Landing into the geodata and EO industry,” said Christian Kling, Managing Partner of Precision Landing.
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