Latent AI, an adaptive AI startup developing adaptive IT and machine learning, has entered a backing agreement with Booz Allen Hamilton, one of the biggest management and information technology consulting firms in the US.
While the terms of the strategic investment were not disclosed, it builds on the startup’s deep AI capabilities supporting algorithmic warfare at the edge.
The award-winning suite of software tools created by Adaptive AI has proven to be especially valuable for the National Defense Strategy at a time when cyberwarfare is on the rise.
Steve Escaravage, Senior Vice President at Booz Allen, referred to the relevance of such AI capabilities by stating:
“The National Defense Strategy calls for a more innovative, resilient military to maintain the U.S. competitive advantage, and the ability to collect, analyze and quickly act on data is at the core of that national security mission. To fully leverage a force that is interconnected and information-advantaged, defense organizations need optimized, scalable AI, and data compression at the tactical edge. Booz Allen’s investment in Latent AI will help enable our clients to implement ML models on small form factor chip-sets and into highly sought-after end-user devices, which will increase AI adoption and return on investment.”
The ability to harvest the potential of Artificial Intelligence and Machine Learning models at the tactical edge has gained attention among defense organizations, proving to be essential components when it comes to mission success.
This is the result of how the technology enhances the way AI models are deployed to improve Internet of Things applications, making them easier to adopt by the average user.
Latent AI was founded back in 2018 and counts with funding from Future Ventures, Autotech Ventures, Perot Jain, among other investors. In 2020, the startup earned the “Startup of the Year” award by IoT world and was also recognized as one of the top 100 AI companies by CB Insight.
The adaptive AI startup will use the funding to continue the development of its technology as well as expand its partnerships, which currently include the Joint AI Center, Army Futures Command, and U.S. Air Force Air Combat Command, among others.