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Business/Financial

Safran Agrees To Acquire GEOINT AI Company Preligens

By Cal Biesecker

Monday, June 24th, 2024

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Safran Agrees To Acquire GEOINT AI Company Preligens

Image: Preligens

France’s Safran on Monday said it has entered exclusive discussion to acquire Preligens, a small company that develops artificial intelligence to automate the analysis of geospatial intelligence (GEOINT) such as imagery and full-motion video in a deal valued at $236 million. Preligens, a startup that is also based in France, had more than $30 million in sales in 2023 and has about 220 employees, including 140 engineers involved in research and development, Safran said. The transaction is expected to close…

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