Saab Completes Acquisition of CrowdAI in the U.S.
September 8, 2023 | SaabEstimated reading time: 1 minute
Saab’s capabilities are enhanced through proactive acquisitions and strategic partnerships in emerging and disruptive technologies such as AI and machine learning. The acquisition of CrowdAI, based in Silicon Valley, illustrates that adaptive and forward-thinking approach, seamlessly integrating AI / ML technologies within Saab’s robust portfolio. Future operations will be carried out primarily in San Diego, California.
“This acquisition 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,” says Micael Johansson, President and CEO at Saab.
CrowdAI is known for its practical, user-friendly no-code platform for mission-specific AI and its industry-leading work leveraging dual-use computer vision for military applications. The company’s work with Fortune 500 corporations, the U.S. military, and the Intelligence Community has pushed the boundaries of AI derived computer vision models tailored to the unique needs of customers. CrowdAI has contributed significant advancements to the AI / ML field, earning a place among America’s most promising AI companies as listed by Forbes in 2021.
"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,” says Devaki Raj, CEO and Co-Founder of CrowdAI.
Devaki will join Saab, Inc.’s newly established strategy office, based in San Diego, as the Chief Digital and AI Officer (CDAO).
Suggested Items
Saab Announces Plans for New Munitions Facility in U.S.
04/03/2024 | SaabSaab announced plans to build a new munitions facility in the U.S., continuing the company’s strong investment and growth domestically.
Arlon EMC Receives IPC-4101 QPL Recertification
03/20/2024 | Arlon Electronic MaterialsArlon Electronic Materials has successfully completed an intensive two-day recertification audit by IPC Validation Services that examined Arlon’s manufacturing processes and testing procedures to assure that they are in conformance to the requirements of IPC-4101E-WAM1, the Specification for Base Materials for Rigid and Multilayer Printed Boards.
Orbit International Electronics Group Reports Bookings for February 2024 in Excess of $2,000,000
03/14/2024 | Globe NewswireOrbit International Corp., an electronics manufacturer and software solution provider, announced that its Electronics Group (OEG) reported bookings for the month of February 2024 in excess of $2,000,000.
U.S. Space Force Awards Boeing WGS-12 Communications Satellite Production Contract
03/07/2024 | BoeingBoeing received a $439.6 million contract to build the 12th Wideband Global SATCOM (WGS) communications satellite for U.S. Space Force's Space Systems Command.
IPC Releases Newest List of Standards Updates, Revisions
02/20/2024 | IPCEach quarter, IPC releases a list of standards that are new or have been updated. To view a complete list of newly published standards and standards revisions, translations, proposed standards for ballot, final drafts for industry review, working drafts, and project approvals, visit ipc.org/status.