Saab completes acquisition of CrowdAI
Saab has completed its strategic acquisition of CrowdAI, accelerating the development and implementation of Artificial Intelligence (AI) / Machine Learning (ML) capabilities into Saab’s portfolio.
Saab says that its 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, integrating AI / ML technologies within Saab’s robust portfolio.
“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 in a press release.
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.
"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).
