Announced
Synopsis
Airship AI, a company that develops and provides AI driven video and sensor management software and services, agreed to go public via a merger with BYTE, a technology-focused blank check company, in a $225m deal. “We are excited to reach this important milestone with Airship AI. We believe that Airship AI is an exceptional company with which to complete a business combination. The company is operating in attractive government and commercial end markets utilizing AI technology to help improve safety and operational efficiency. Airship AI’s Outpost edge device, Acropolis operating system, and Command Nexus viewing client provide a differentiated end-to-end solution which we believe adds value for customers and that will propel Airship AI’s continued growth going forward. We believe a public listing will provide Airship AI with enhanced visibility, selling opportunities and financial flexibility to perform its business plan and broaden its customer base. We look forward to working with Airship AI’s management team to consummate the business combination,” Sam Gloor, BYTE CEO and CFO.
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