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Shield AI acquires Alexandria-based defense contractor
Alexandria-based defense contractor Heron Systems Inc. was acquired by San Diego-based technology company Shield AI, according to announcement Thursday from Shield AI. Financial details of the transaction were not disclosed. The companies will work on the deployment of artificial intelligent pilots for military aircraft. Shield AI is applying self-driving car technologies to military aircraft, acc[...]
Booz Allen Hamilton hires senior VP to lead AI practice for DOD
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. has hired Matt Tarascio as a senior vice president in its Strategic Innovation Group, it announced Wednesday. Tarascio will lead the analytics and artificial intelligence business to support the Department of Defense. Tarascio was previously Lockheed Martin Corp.’s vice president of AI, and its […]
Booz Allen Hamilton wins $674M DOD contract
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. was awarded a five-year, $674 million contract from the General Services Administration to maintain and support the growth of the Department of Defense‘s Advana data analytics platform. “In response to increasingly advanced threats from global adversaries, the Department of Defense has placed a clear [&h[...]
Leesburg anti-phishing tech company Cofense buys Israeli firm
Leesburg-based tech firm Cofense, which specializes in phishing detecting and response solutions, announced Wednesday that it has acquired Israel-based Cyberfish, a company that provides artificial intelligence-based technology to battle phishing emails and websites. Financial details of the transaction were not disclosed. According to a news release, Cofense plans to use the data it has gathered [...]
CounterFlow AI names new CEO
Charlottesville-based CounterFlow AI has named its chief product officer, Bill Cantrell, as CEO effective April 2, the network security firm announced today. Cantrell will succeed Randy Caldejon, who co-founded the company in 2017 and will continue as its executive chairman and vice president of engineering. Caldejon, whose Crozet Coffee Co. was acquired by Grit Coffee […]
MWAA sells facial recognition system to Pangiam
VeriScan, a facial-recognition system developed by the Metropolitan Washington Airports Authority, has been sold to Alexandria-based Pangiam, a security and travel services provider, the company announced Friday. Terms of the transaction were not disclosed. More than 40 airlines use veriScan’s traveler verification system, which is an integrated biometric facial recognition program that debu[...]
Health care AI company bringing U.S. HQ to Loudoun
Zasti Inc., a health care-related artificial intelligence technology company, is investing $5.9 million to establish its U.S. headquarters in Loudoun County, creating 60 jobs, Virginia Gov. Ralph Northam announced Thursday. Founded in 2017 in India, Zasti, which is Sanskrit for “prediction,” develops AI-based risk screening, predictive analytics and climate change solutions for the hea[...]
Calif. company buys Progeny Systems division for $30M
Simi Valley, California-based unmanned aircraft systems (UAS) company AeroVironment announced Wednesday it has acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in an all-cash transaction. ISG develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies for the Department of Defense and intellige[...]
SAIC hires senior VP of artificial intelligence
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) has hired Michael Scruggs as senior vice president of artificial intelligence, effective immediately. “In this newly created role, Scruggs will be responsible for driving organic growth through AI technology delivery and solutions development,” SAIC said in a statement. “He will broaden SA[...]
McLean-based NuWave merges with Md. firm to form AI company
McLean-based federal technology contractor NuWave Solutions LLC and Columbia, Maryland-based PCI Strategic Management announced Tuesday the companies have merged to form BigBear.ai. NuWave CEO Reggie Brothers will become CEO of BigBear.ai and Sean Battle, former co-founder and CEO of PCI, will serve as vice chairman and chief strategy officer. Financial terms of the merger were […]
Virginia Tech receives $10M gift for AI center, other programs
With a $10 million gift from Mehul Sanghani, CEO of Reston-based Octo Consulting Group, and his wife, Hema, Virginia Tech has renamed its Center for Artificial Intelligence and Data Analytics in the couple’s honor. The Sanghani Center will move its headquarters to Virginia Tech’s $1 billion Innovation Campus, which will be under construction starting this […]
Booz Allen demos in-flight AI algorithm for Air Force
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Wednesday it demoed the use of an in-flight artificial intelligence (AI) algorithm for the U.S. Air Force Air Combat Command’s 9th Reconnaissance Wing U-2 Federal Laboratory. This marks the first time that a pilot has teamed up with AI to successfully complete a […]
