Accenture Invests in Titan Space Technologies to Help Unlock the Next Frontier of Innovation through Space Experimentation
06 Abril 2022 - 08:59AM
Business Wire
Accenture (NYSE: ACN) has made a strategic investment, through
Accenture Ventures, in Titan Space Technologies, an orbital compute
platform that offers real-time monitoring and neural engine
capabilities to accelerate the next generation of scientific
technology innovations for enterprises, such as adaptive immune
response, carbon capture and biomedical applications.
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Accenture has made a strategic
investment, through Accenture Ventures, in Titan Space
Technologies. (Photo: Business Wire)
As part of Axiom Space’s Ax-1 mission, Titan successfully
deployed and ran its first suite of machine learning models on
HPE’s Spaceborne Computer-2 aboard the International Space Station
(ISS).
“The burgeoning private and commercial space sector has created
a once-in-a-generation opportunity for companies to leverage the
unique R&D environment of space along with ever-increasingly
sophisticated AI and other technologies to potentially solve our
most pressing issues here on earth such as climate change, disease
interventions, and materials shortages,” said Tom Lounibos,
managing director, Accenture Ventures. “The launch of Titan’s first
AI models to the ISS marks an amazing new milestone in AI-driven
research and experimentation.”
”Working closely with Axiom and HPE, Titan was tasked with
applying its space experimentation platform to a use case based on
the new demands of a modern space station,” said Ashley Pilipiszyn,
Titan co-founder and CEO, who has quickly transitioned from her
previous role as OpenAI’s Technical Director – known for the
successful launch of GPT-3 — to space entrepreneur. “Titan’s
success demonstrates the applied AI capabilities critical for
conducting space experimentation on orbital destinations and
spacecraft now and in the future. We believe that companies across
numerous industries can benefit from space experimentation, and
that our involvement in Accenture Ventures’ Project Spotlight will
help introduce Accenture clients to the compelling value
proposition we offer.”
As the ISS U.S. National Laboratory points out in its website,
“R&D onboard the ISS National Lab may provide insight into
research questions that have eluded traditional laboratory
experimentation in the fields of human health, biosciences and
biotechnology, energy and biofuels, physical and materials science,
engineering research and technology, and Earth and space imaging
and observations.”
Titan is the latest company to join Accenture Ventures’ Project
Spotlight, an engagement and investment program focused on
investing in companies that create or apply disruptive enterprise
technologies. In addition to funding, Project Spotlight connects
emerging technology software startups with the Global 2000 to fill
strategic innovation gaps, and offers extensive access to
Accenture’s domain expertise and enterprise clients, helping
startups harness human creativity and deliver on the promise of
their technology.
In addition to the investment, Marc Carrel-Billiard, global lead
for Technology Innovation at Accenture, has joined Titan’s
Scientific Advisory Board. Terms of the investment were not
disclosed.
About Accenture
Accenture is a global professional services company with leading
capabilities in digital, cloud and security. Combining unmatched
experience and specialized skills across more than 40 industries,
we offer Strategy and Consulting, Interactive, Technology and
Operations services — all powered by the world’s largest network of
Advanced Technology and Intelligent Operations centers. Our 699,000
people deliver on the promise of technology and human ingenuity
every day, serving clients in more than 120 countries. We embrace
the power of change to create value and shared success for our
clients, people, shareholders, partners and communities. Visit us
at accenture.com.
About Titan
Titan Space Technologies was founded in 2021 in Palo Alto, CA
with the mission of making space experimentation accessible via its
orbital compute platform to enterprise customers. The company was
founded by Ashley Pilipiszyn, Russell Foltz-Smith, and Rob Maigret
- formerly of OpenAI, Wolfram Alpha, and The Walt Disney Company,
respectively. For more information, visit
https://titanspace.co/.
Copyright © 2022 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
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Christian Harper Accenture +1 917 452 4417
christian.harper@accenture.com
Accenture (NYSE:ACN)
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