PreAct Technologies to acquire Gestoos.

PreAct Technologies, a company in near-field software-definable flash LiDAR technology, agreed to acquire Gestoos, a makers of a unique software platform that enables users with no specialized training to quickly generate AI algorithms that address their use cases. Financial terms were not disclosed. "The Gestoos AI development platform comes pre-integrated with our flash Lidar solution and a development environment making AI training tractable by our customers' own engineers with minimal hand holding. We are excited to welcome the entire Gestoos team into the PreAct family, and even more excited to provide OEMs with real solutions to their most pressing sensor use case problems," Paul Drysch, PreAct Technologies CEO.