Dhahran, Saudi Arabia – SpaceKnow, a New York-based technology company, has unveiled its groundbreaking venture, SpaceGuardian, in the Kingdom of Saudi Arabia. This marks a historic moment as SpaceGuardian becomes the first approved company dedicated to satellite imagery and AI analysis in the region.
The announcement took place during the International Petroleum Technology Conference (IPTC) 2024 in Dhahran, Saudi Arabia, where Majid Alghaslan, Chairman & CEO of Front End Limited Company and Founder & Partner of SpaceGuardian, joined hands with Jerry Javornicky, CEO and Co-Founder of SpaceKnow, to solidify their joint venture (JV) agreement.
The collaboration is poised to revolutionize various sectors in the Kingdom by leveraging satellite imagery and AI analysis. SpaceGuardian's specialization in applying machine learning AI on satellite imagery will facilitate economic activities, energy and commodities analysis, environmental assessments, construction progress tracking, and more.
Majid Alghaslan emphasized the significance of this launch, stating that SpaceGuardian's entrance into the Saudi market embraces innovation and progress, propelling the country into a new era of digital transformation.
Jerry Javornicky shared his excitement about collaborating with Alghaslan, highlighting the goal to revolutionize the AI-powered geospatial analytics market. The initial focus includes infrastructure monitoring, carbon sequestration, and security applications.
SpaceGuardian's approach involves harnessing machine learning algorithms to provide comprehensive insights into economic activities, energy commodities, defense, intelligence, environmental sustainability, construction, and real estate. The tailored approach facilitates informed decision-making processes for stakeholders in each sector.
Majid Alghaslan sees this strategic collaboration as a catalyst for the Kingdom's economic growth and diversification efforts. He emphasized the potential to drive innovation, foster local talent, and contribute to the development of the space sector, supporting the establishment of a robust space agency in Saudi Arabia.
SpaceGuardian's cutting-edge technology enables real-time monitoring of construction projects, delivering timely updates on progress and safety parameters through continuous satellite imagery analysis and machine learning capabilities. This proactive approach enhances project management efficiency and safety standards, ensuring optimal outcomes.