Artificial Intelligence: Deals In Video Analytics, Tactical Decisionmaking
Booz Allen invests in Reveal Technology; Motorola acquires Calipsa
Here are two interesting deals in AI – one, in tactical decisionmaking, the other in AI-assisted video surveillance.
Booz Allen – Reveal Technology
Military, government and business consulting firm Booz Allen Hamilton (NYSE: BAH) has made a strategic investment in Reveal Technology, Inc., a visual analytics and edge artificial intelligence (AI) company.
“Reveal has developed solutions that increase situational awareness and accelerate the decision cycle for dismounted warfighters. Their technology provides rapid, actionable intelligence at the squad and soldier levels while answering the government’s call for speeding the delivery of applied and tactical AI to the battlefield,” said Joel Dillon, Booz Allen senior vice president of digital battlespace special missions. “It’s a gamechanger—and something I wish I had when I was in combat.”
Beyond special operations, there is future potential to apply Reveal’s technology to such mission-critical use cases as natural disaster response, public safety crises, maritime search and rescue, and more. (BusinessWire)
Motorola Solutions – Calipsa
Motorola Solutions (NYSE: MSI) has acquired Calipsa, Inc., a technology leader in cloud-native advanced video analytics based in London, U.K.
Calipsa’s unique cloud-based technology allows customers to add AI to existing IP-based cameras without additional hardware, enabling new analytics capabilities on the millions of IP-based cameras already deployed.
“We believe AI, spanning from the edge to the cloud, is driving the future of video security,” said Greg Brown, chairman and CEO, Motorola Solutions. “With Calipsa, we can rapidly extend our intelligent analytics across any video security solution and support the accelerating trend of enterprises using cloud technologies to enhance safety and security.” (BusinessWire)
Related Story: Bosch Acquires Five.ai For Automated Driving
Latest Alternative Investment News
Meta (formerly Facebook) (NASDAQ: META) announced on Wednesday the launch of CICERO, the first artificial intelligence (AI) agent to achieve human-level performance in the popular strategy game Diplomacy. So far,…
Astera Labs announced a $150 million Series D funding round led by Fidelity Management and Research that valued the company at $3.15 billion. Other existing investors, including Atreides Management, Intel…
Indeed, according to a CNN article, travellers should get prepared for the most expensive holiday travel season ever. Average air fare is up about 40% from 2021, and rates for…
Digital Assets: Crypto Contagion Spreads To Miners – Iris Energy Unplugs Mining Hardware Amidst Default
Iris Energy (NASDAQ: IREN), the Australia-based bitcoin mining firm, said in a filing that it had taken down a large chunk of its mining capacity that had been used as…