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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

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]