Pangiam to merge biometrics with BigBear.ai computer vision analytics in $70M deal

Pangiam has been acquired by Maryland-based BigBear.ai for $70 million in stock to combine its facial recognition and other biometrics with computer vision capabilities for U.S. government and enterprise customers.

The companies say the definitive merger agreement positions the combined entity as a leader in one of AI’s fastest-growing segments.

“Vision AI has long been considered the holy grail of applied AI because of its potential to perceive and interact with the world in a human way,” says Mandy Long, …

acquisitions analytics bigbear.ai biometrics biometrics news capabilities companies computer computer vision customers deal enterprise facial facial recognition government leader maryland merge merger pangiam recognition stock trade notes u.s. government