Chipsats like the ones shown here could provide streams of radar data for processing by Orrery.ai’s algorithms. (Photo courtesy of Orrery.ai)
Satellites, sensors, social media and purchasing data provide terabytes’ worth of information about how the global economy is working — and the insights gleaned from that data can be more precious than gold.
But what’s the best way to extract the gold from the dross? That’s where longtime space entrepreneur Dick Rocket intends to step in with a stealthy venture called Orrery.ai.
“There’s a gap between the data analysis firms and the financial sector,” Rocket told GeekWire this week. “That is our gap.”
Rocket launched Orrery.ai about a year ago, with backing from angel investors, but he and a small executive team are just now ramping up a more ambitious private funding campaign. They’re also mulling over where to put their headquarters. (The Seattle area is in the mix, along with sites in Florida, Texas, New York and Georgia.)
One of the key tasks ahead will be to fine-tune a set of machine-learning algorithms that can process publicly available data as well as proprietary data sets and satellite imagery to produce business insights.
“There are literally millions of data ...