Aquiline Drones Acquires ElluminAI Labs
September 15, 2021
Hartford-based Aquiline Drones Corporation announced the acquisition of ElluminAI Labs, LLC to integrate the target's deep-learning AI capabilities into AD's Spartacus framework and advance its drone, cloud and training solutions. The deal is presented as a strategic capability expansion to accelerate AD's R&D, autonomous operations, mission analytics and commercial drone services.
- Buyers
- Aquiline Drones Corporation
- Targets
- ElluminAI Labs, LLC
- Industry
- AI & Machine Learning
- Location
- United States
- Transaction Type
- Buyout
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