AI & Machine Learning Acquisitions in Maryland

ADT has acquired Origin AI for $170 million in cash to integrate Origin's AI sensing platform and related IP into ADT's smart home and security offerings. The deal brings Origin's sensorless ambient-intelligence technology and more than 200 patents to ADT to enhance presence detection, reduce false alarms, and enable new aging-in-place and occupancy-based automation use cases.

Boathouse Capital completed a growth investment in Cardinality.ai, a government-technology focused AI SaaS provider, to accelerate product innovation and expand go-to-market efforts. Cardinality.ai, which serves state-level health and human services agencies in five states and across eleven agencies (serving 23M+ constituents), will use the capital to scale its built-for-government AI SaaS solutions.

Renesas Electronics Corporation has acquired Reality Analytics, Inc. (Reality AI) in an all-cash transaction to bolster its endpoint AI capabilities. The acquisition brings Reality AI’s embedded AI, TinyML and signal-processing tools and team in Columbia, Maryland into Renesas to accelerate AIoT solutions for IIoT, automotive and consumer applications.

Attain Capital Partners led Cardinality.ai's first external investment round, taking a minority/growth stake and joining the company's board to support expansion. Cardinality.ai, a GovTech-focused AI SaaS provider, will use the funding and new leadership to accelerate product growth and scale impact for state and local government programs.

BigBear.ai completed a business combination with SPAC GigCapital4 and emerged as a publicly traded company (NYSE: BBAI) on December 8, 2021, in a transaction that values the combined company at approximately $1.378 billion pro forma enterprise value. AE Industrial Partners is a lead private equity partner supporting the transaction; BigBear.ai will use the public listing and capital base to accelerate product development, commercial expansion across government and commercial markets, and potential inorganic growth.

dMY Technology Group, Inc. III completed its previously announced business combination with IonQ, Inc., and the combined company began trading on the NYSE under the ticker IONQ on October 1, 2021. The transaction provided IonQ with approximately $636 million in gross proceeds to fund growth and accelerate commercialization of its trapped‑ion quantum computing systems and cloud services.

Sumitomo Corporation of Americas (SCOA) announced a strategic investment in Origin Wireless to accelerate the company's integration of its AI-enabled Wi‑Fi sensing technology with 5G and expand its product offerings. The partnership positions SCOA to apply Origin’s wireless AITM solutions across Sumitomo’s diverse businesses — from healthcare and security to logistics and infrastructure — unlocking new go-to-market opportunities.

Applied Insight, an Acacia Group-backed federal technology services provider, has acquired Applied Technology Group (ATG) and Stratus Solutions to bolster its cloud, analytics and artificial intelligence capabilities for intelligence, defense and federal civilian customers. The add-ons (ATG ~80 employees; Stratus ~100 employees) expand AI's mission-focused capabilities in machine learning, high-scale cloud infrastructure, DevOps and cybersecurity.