Planet Wins Contract with Ministry of Foreign Affairs in Asia

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced it has won a new contract with a Ministry of Foreign Affairs in Asia for its global daily monitoring solution. The contract has a seven-figure annual contract value (“ACV”). The Ministry of Foreign Affairs is a new customer for Planet and the contract was won through one of Planet’s partners in the region.

“We are seeing strong momentum in the Asia-Pacific region from government customers focused on civil and security applications,” said Will Marshall, Planet’s co-founder and Chief Executive Officer. “Our global daily monitoring solution is unique in its ability to provide wide-area coverage, supporting customers with daily monitoring of entire countries at a scale that hasn’t been possible before.”

As the global landscape continues to evolve and increase in complexity, access to timely, consistent, and accurate information is critical to establishing a baseline of unbiased truth. Planet’s nonexclusive and open data helps equip governments with differentiated and innovative capabilities.