Is Google Eyeing a Satellite Startup? - Analyst Blog

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Rumor has it that Google Inc. GOOG is looking to acquire Skybox Imaging, a startup that manufactures satellites and deploys data analytics services to companies. According to TechCrunch, this move follows Facebook's FB recent announcement regarding the acquisition of Connectivity Lab, a plan to connect the world with Internet access using drones and satellites.

Skybox Imaging, founded in 2009, combines software technologies with a collection of microsatellites to offer access to dependable, high-resolution images as well as geospatial content. Moreover, Skybox, with the help of its microsatellite constellation provides businesses as well as government agencies with a platform to analyze the data. Skybox was initially funded by Canaan Partners and Norwest Venture Partners and is currently looking for financing to expand.

In February, Google released a completely new version of its web-based maps to provide a better experience for its users. If this acquisition materializes, Google can enhance its mapping services by accessing Skybox's spacecraft technology. It can use Skybox cameras in the sky to capture high resolution images of the Earth for Google Maps and Google Earth.

Also, Skybox's data-analytics can augment Google's efforts to employ deep learning technology in different areas including mobile apps, robotics and many more. Moreover, Skybox can increase Google's profitability by helping the search giant to make well-informed, data-driven decisions.

The concept of “deep learning,” basically means the usage of algorithms to model representative behavior from seemingly abstract information. It is a tool that is widely used to develop artificial intelligence.

In June of last year, Google unveiled Project Loon, a project aimed at providing Internet access for the entire world using hot-air balloons.

Google, the world's largest online search engine, is increasingly strengthening its foothold in new markets and currently holds a Zacks Rank #3 (Hold).
 
Web.com Group, Inc. WWWW and Interxion Holding NV INXN which carry a Zacks Rank #2 (Buy) are better-ranked stocks from the same sector and are therefore worth considering.



FACEBOOK INC-A FB: Free Stock Analysis Report

INTERXION HLDG INXN: Free Stock Analysis Report

WEB.COM GROUP WWWW: Free Stock Analysis Report

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