The move is part of a series of acquisitions aimed at strengthening AI and machine learning SAAB’s capabilities
Saab has acquired the US artificial intelligence (AI) company CrowdAI as part of an effort to increase its disruptive technologies capabilities, such as AI and machine learning, through acquisitions and strategic partnerships.
Based in Silicon Valley, California, CrowdAI builds user-friendly and no-code platforms for mission-specific AI and dual-use computer vision models for military applications. The company worked with the US military and some of the biggest corporations in the US. According to Saab, future operations will be primarily carried out in San Diego, California.
The acquisition follows last week’s Saab’s acquisition of BlueBear Systems Group Ltd., a provider of AI-enabled autonomous swarm systems for complex defence and security applications based in the UK.
The move “is another step in our international growth strategy as we seek to ensure Saab is well-positioned in key markets and to sustain our competitive advantage. CrowdAI will help Saab enhance our existing portfolio with AI / ML capabilities and, together with the recent acquisition of BlueBear in the United Kingdom, is another example of how we are meeting the emerging needs of our customers,” said Micael Johansson, President and CEO at Saab.
Devaki Raj, CEO and Co-Founder of CrowdAI, commented: “Joining Saab is a momentous step for us. As part of Saab, the team we’ve built will open new doors for dual-use technological advancement that aligns with the Department of Defense’s priorities. I’m eager to contribute to Saab’s important work across industries and markets.”