:

Business/Financial

BigBear.ai Closes $70 Million Acquisition Of Pangiam, Adding To Computer Vision Expertise

By Cal Biesecker

Friday, March 1st, 2024

SHARE:

BigBear.ai Closes $70 Million Acquisition Of Pangiam, Adding To Computer Vision Expertise

Mandy Long, CEO of BigBear.ai. Photo: BigBear.ai

BigBear.ai [BBAI] last Friday said it has completed its $70 million all-stock purchase of Pangiam, combining the two companies’ capabilities and expertise in artificial intelligence-based computer vision. The deal was first announced last November. BigBear.ai is a portfolio company of the private equity firm AE Industrial Partners (AEI), as was Pangiam. Pangiam has capabilities in computer vision for security detection at airport checkpoints and digital identity solutions. BigBear.ai said the combination will “create one of the industry’s most comprehensive Vision…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]