The vision artificial intelligence- and biometrics-focused firm collects $24 million to hire engineers and expand the infrastructure that fuels its algorithms.
The unit will use legal authorizations and technical capabilities to impede cyber threat groups, though company execs say it will not go so far as to hack into adversaries' systems.
Striveworks now has Washington Harbour Partners in place as a new investor to shape this phase of the strategy and as Striveworks' CEO tells us, knowing when the tech does not work is just as key to product development as when it works.
This move follows the $4.1 billion purchase of BlueHalo and continues AeroVironment's push for quicker transitions of technologies from design to fielding.
In talking with Wall Street, CEO Jim Reagan explains why the company is moving away from some enterprise IT work in favor of mission IT and how it has launched a bottom-up review of the business.
