Satelles, a Reston, Va.-based satellite time and location services provider, has raised $26M in a round of Series C financing led by C5 Capital and will use the investment to advance product development and expand its partner network and sales and marketing initiatives.Read More »
Public services platform PayIt has received a $100M investment from New York-based venture capital and private equity firm Insight Partners.Read More »
Cary, N.C.-based analytics firm SAS has announced plans to invest $1B in the next three years in artificial intelligence. The company said Monday the AI investment will focus on research and development innovation; education programs meant to address client needs; and expert services to maximize customer return on AI-related projects.Read More »
In-Q-Tel, the intelligence community’s venture capital arm, has made a strategic investment in AI.Reverie to further develop the latter company’s computer vision simulation platform designed to meet government agencies’ operational requirements. AI.Reverie’s platform is designed to create photorealistic virtual worlds to mimic real-time locations and provide automatically annotated synthetic data and various scenarios and objects to facilitate training of algorithms and artificial intelligence tools, IQT said Tuesday.
Steven Demetriou, chairman and CEO of Jacobs Engineering Group, told Bloomberg in a video interview aired Thursday that he sees robust funding of state and local government agencies for infrastructure. He said most of the new governors prioritize infrastructure and funding has been unleashed across several areas such as transportation, airports, water and railways.
Sequoia Holdings has secured an equity investment from New York-based private equity fund Chart National to help expand services for the U.S. national security sector.Read More »
Tony Moraco: Engility Purchase Allows SAIC to Pursue Larger-Scale Contracts in Space, Intell Markets
Tony Moraco, CEO of Science Applications International Corp., told The Washington Post in an interview published Sunday the added scale brought by the $2.5B acquisition of Engility allows SAIC to go after larger business opportunities and new markets in the federal government. “This allows us within this market to pursue and deliver on larger-scale contracts, predominantly in the space and intelligence markets, as well as mission assurance and spaceflight,” he said of the transaction.Read More »