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Business/Financial

Northrop Grumman Investing In AI Startup Deepwave Digital

By Cal Biesecker

Tuesday, December 15th, 2020

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Northrop Grumman Investing In AI Startup Deepwave Digital

Northrop Grumman [NOC] on Tuesday said it will be investing in and collaborating with Deepwave Digital, which is developing artificial intelligence (AI)-based technologies that improve communications processing. Terms of the investment were not disclosed although Deepwave said separately that Northrop Grumman was the lead equity investor as part of the company's new $3 million series investment round. “Northrop Grumman will closely collaborate with Deepwave Digital on projects and applications that are important to quickly delivering capabilities to our customers,” a…

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