PALO ALTO, Calif., NEW YORK and TORONTO- Orbital Insight, the leader in geospatial analytics, and RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RBC), today announced a global partnership giving RBC Capital Markets access to Orbital Insight’s Consumer and Energy analytics products.
RBC Capital Markets will use this data to further advance its equity research products, taking advantage of the timeliness, objectivity and scale of geospatial analytics. By using artificial intelligence to automatically analyze data like satellite imagery, Orbital Insight is able to detect and track changes on the ground over time. Signals monitored include retailer parking lot car counts and crude oil storage tanks, among others.
“Investors seeking alpha can benefit from the insights provided by geospatial analytics,” said Kevin O’Brien, Chief Business Officer at Orbital Insight. “We’re excited to partner with RBC Capital Markets, a premier bank, as they seek to arm their clients with even greater value and insights through cutting-edge technology.”
As part of the partnership agreement, Orbital Insight and RBC Capital Markets will work collaboratively to develop future geospatial analytics products, leveraging in particular RBC’s expertise in the energy, mining, and location intelligence fields.
“At RBC Capital Markets, we are continually examining ways to innovate and drive greater value to our clients through thoughtful content and differentiated industry insights,” said Fardeen Khan, Head of Strategic Initiatives at RBC Capital Markets. “We are excited to partner with Orbital Insight, whose geospatial analytics will complement our existing rich data sets and help us deliver further advances in content that are rooted in innovation.”
About Orbital Insight
Orbital Insight develops geospatial analytics to help its clients unlock societal and economic trends at a global scale. The company works with petabytes of geospatial data, including imagery from satellites, drones and other sources. Using computer vision and machine learning technologies, it processes and transforms this data to enable businesses, governments and NGOs to make better decisions. Learn why Fast Company voted Orbital Insight one of the most innovative companies of 2017 and 2018 at www.orbitalinsight.com.
About RBC Capital Markets
RBC Capital Markets is a premier global investment bank providing expertise in banking, finance and capital markets to corporations, institutional investors, asset managers and governments around the world. We serve clients from 70 offices in 15 countries across North America, the UK, Europe and the Asia-Pacific region. Our more than 7,200 professionals deliver the experience and insights required to raise capital, access markets, mitigate risk and acquire or dispose of assets for clients worldwide. We are consistently ranked, by third-party sources, among the 10 largest and most significant investment banks globally.