Cloudeo AG and its strategic partner Precision Landing GmbH announced the acquisition of TerraLoupe GmbH, a geo platform and HD mapping company.
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. A geo platform that uses machine learning technology to detect objects from aerial imagery automatically creates a 3D digital twin of the world.
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