By the end of 2026, LPL will focus on establishing itself as the leading provider of real-time satellite-based insights. By scaling Orbitfy across 10+ partner satellites, integrating diverse data types, including optical, HSI, SAR, thermal, and more, and consistently delivering alerts in under 7 minutes, we aim to become the dominant player in high-impact, time-critical use cases, with a revenue of $5M+. This phase targets urgent scenarios across sectors such as defense, maritime surveillance, disaster management, insurance and finance, driving sustainable revenue and long-term market leadership.

Our TACFI (Tactical Funding Increase) proposal was selected by the U.S. Space Force, meaning our current $2M raise will be matched with $2M in non-dilutive government funding, bringing total available capital to $4M. This funding will accelerate development of our automated tasking and insight delivery capability, along with integration across partner satellites to enable low-latency, cross-constellation tasking. The selection validates both the mission-critical value and defense need for our capabilities, which also extend to commercial use cases such as disaster response, maritime domain awareness, and asset monitoring.

We released a near real-time solution that detects and classifies vessels in under 1 hour from capture, leveraging our edge computing software on Sidus Space’s Lizziesat constellation. PR here: https://www.businesswire.com/news/home/20250417510449/en/Sidus-Space-Enables-Little-Place-Labs-Near-Real-Time-Maritime-Intelligence-with-LizzieSat-Powered-Vessel-Detection-Solution

In-orbit demonstration on Loft’s YAM-6 started (currently ongoing), as part of our Phase 2 STTR contract with the US Air Force. The mission was to detect adn and classify vessels in near-real time, with latest demo delivering insights within 25 minutes from capture by the satellite. Read more here: https://spacenews.com/little-place-labs-and-loft-orbital-to-test-analytics-in-orbit/

We advanced as a semi-finalist in the $7M XPRIZE Wildfire Competition. We are partnering with 3 global companies (autonomous drones, IoT sensors, and AI-enabled cameras) to detect and suppress wildfires in near real time. Read more here: https://www.littleplace.com/post/fire-foresight-successfully-enters-the-next-round-of-xprize-wildfire-challenge

Secured a Phase 2 Small Business Technology Transfer (STTR) Contract for Advancing Space-Based Intelligence, Surveillance, and Reconnaissance and In-Orbit Machine Learning Computing Read more here: https://www.littleplace.com/post/little-place-labs-awarded-a-1-8m-afwerx-sttr-phase-ii-contract