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Torc to acquire Canadian computer vision firm
Algolux focuses on perception tech for driving solutions
Blacksburg-based Torc Robotics on Tuesday announced it will acquire Montreal-based computer vision company Algolux Inc. A purchase price was not disclosed. Torc, a self-driving truck company, is an independent subsidiary
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Babel Street acquires text analysis platform
Reston tech firm bought Rosette from Mass. company
Published
Reston-based web and social media monitoring company Babel Street Inc. has completed its previously announced acquisition of text analytics platform Rosette. Financial terms of the transaction were not disclosed. Babel
Reston-based Octo to be acquired by IBM
Deal to buy federal contractor to close in fourth quarter
Published
Reston-based Octo is being acquired by IBM and its 1,500 employees will become part of IBM Consulting’s U.S. public and federal market arm. Terms of the deal were not disclosed
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Artificial intelligence gets real
Once futuristic, AI tech is now big business
Published
Technology being developed in a nondescript office building in Reston could change how Army soldiers train for and operate in combat thousands of miles away. The Army’s Integrated Visual Augmentation
Pangiam to add 200+ jobs at new Tysons HQ
Tech company specializes in facial recognition, identity solutions
Published
Pangiam, a travel and security technology company, will invest $3.1 million to establish its global headquarters in Fairfax County’s Tysons area, creating 201 jobs over the next three years, Gov.
Enabled Intelligence to expand, add 117 jobs
Data company will invest $1.7M
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Enabled Intelligence Inc. is investing $1.4 million to expand its Falls Church headquarters, adding 117 jobs, Gov. Glenn Youngkin announced Wednesday. The company provides data-labeling services to enable artificial intelligence
Booz Allen Hamilton launches $100M VC fund
Fund will focus on defense, AI, cybersecurity, deep tech
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Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced Wednesday. Named Booz Allen Ventures LLC, the arm will
Fluence to acquire renewable energy SaaS company
Nispera offers AI and machine learning-enabled SaaS
Published
Arlington-based energy storage and digital application company Fluence Energy Inc. announced Monday that it has entered into an agreement to acquire Nispera AG. Nispera is a Zurich-based artificial intelligence and
Amazon, Va. Tech partner on machine learning initiative
Blacksburg, Alexandria campuses will both play roles
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Virginia Tech announced Thursday morning that it is partnering with Amazon.com Inc. on an artificial intelligence and machine learning research initiative that will have a presence at both Tech’s Blacksburg
Manassas bio research supplier wins $5.5M in federal grants
ATCC will use DTRA grants to research virus treatments
Published
Manassas-based biological materials management nonprofit American Type Culture Collection (ATCC) announced Tuesday that it won three Defense Threat Reduction Agency grants valued at more than $5.5 million to identify new