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Business/Financial

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

By Cal Biesecker

Friday, March 1st, 2024

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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…

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