Announced

Completed

Milestone Systems completed the acquisition of brighter AI.

Synopsis

Milestone Systems, a data-driven video technology company, completed the acquisition of brighter AI, a provider of AI-powered anonymization technology for image and video data. Financial terms were not disclosed. "brighter AI is a perfect match for Milestone. Their proven technology is top-notch and will give us a wider offering to existing and future technology partners and customers. The anonymization tool for video technology will also enhance our focus on responsible technology. Even more important, our two company cultures are highly compatible. Having known brighter AI for a while, as we have an established collaboration on Project Hafnia, I have complete faith that this will be a great benefit for all. I am indeed very pleased to welcome our new colleagues to Milestone," Thomas Jensen, Milestone Systems CEO.

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