Saab Inc., a U.S.-based subsidiary of the Swedish defense and security company Saab, has completed its acquisition of CrowdAI, a San Francisco-based firm specializing in artificial intelligence (AI) and machine learning (ML). This strategic move is set to accelerate Saab’s development and implementation of cutting-edge AI/ML capabilities across its portfolio.
Saab’s commitment to technology leadership in the defense industry has driven its proactive approach to acquisitions and strategic partnerships in emerging and disruptive technologies like AI/ML. By integrating CrowdAI’s expertise and AI-driven computer vision capabilities, Saab aims to enhance its existing portfolio and meet the evolving needs of its customers.
The acquisition of CrowdAI brings not only a new capability but also deeper relationships with a diverse range of customers, underscoring Saab’s dedication to innovation and growth in the United States. CrowdAI is renowned for its practical and user-friendly no-code platform for mission-specific AI, as well as its work in leveraging dual-use computer vision for military applications. The company’s track record of pushing the boundaries of AI-derived computer vision models tailored to meet customer requirements has earned it a reputation as a pioneer in the field.
Saab’s newly established strategy office, located in San Diego, California, will welcome Devaki Raj, CEO and co-founder of CrowdAI, as the chief digital and AI officer. With this addition, Saab aims to open new doors for dual-use technological advancement aligned with the priorities of the U.S. Department of Defense. Devaki Raj’s expertise will contribute to Saab’s vital work across industries and markets.
Overall, Saab’s acquisition of CrowdAI signifies a significant step forward in furthering the development and application of AI/ML capabilities within the defense and security sector. By leveraging CrowdAI’s expertise, Saab is well-positioned to drive innovation and meet the emerging needs of its customers effectively.
Frequently Asked Questions
- What does Saab do?
- What is CrowdAI known for?
- Where will future operations be carried out?
- How will Saab benefit from the acquisition of CrowdAI?
Saab is a defense and security company focusing on designing, manufacturing, and maintaining advanced systems in aeronautics, weapons, command and control, sensors, and underwater systems.
CrowdAI is known for its practical, user-friendly no-code platform for mission-specific AI and its work leveraging dual-use computer vision for military applications.
The majority of future operations will be conducted in San Diego, California.
The acquisition brings new capabilities and deep relationships with customers, enhancing Saab’s existing portfolio with AI/ML capabilities to meet emerging customer needs.