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Business/Financial

BigBear.ai To Bolster Computer Vision Capabilities With Pangiam Acquisition

By Cal Biesecker

Monday, November 6th, 2023

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BigBear.ai To Bolster Computer Vision Capabilities With Pangiam Acquisition

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

BigBear.ai [BBAI] on Monday said it has agreed to acquire Pangiam in a $70 million stock transaction that will add new capabilities in artificial intelligence and customers. BigBear.ai and Pangiam are both portfolio companies of the private equity firm AE Industrial Partners. BigBear.ai provides customers with predictive analytics using artificial intelligence for supply chain and logistics, cybersecurity, and computer vision for autonomous systems. The company’s customers include commercial companies and defense and intelligence agencies. Pangiam has AI-based computer vision capabilities…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]