Maxar Acquires Wovenware to Strengthen AI Capabilities
Maxar Technologies on Thursday said it acquired Wovenware, which specializes in artificial intelligence and software developing, and will make the Puerto Rico-based company one of its software development and AI/machine learning (ML) centers of excellence.
Terms of the deal were not disclosed. Wovenware has about 150 employees.
The two companies have worked together for the past five years on customer delivery and internal software engineering initiatives such as Maxar’s global imagery basemaps and Precision3D application. Wovenware’s solutions help produce 3D terrain analytics tools, ML training data sets, and automated object detection models.
“In today’s ever-changing world, our customers are continuously looking for ways to access our industry-leading products faster and more efficiently, AI and machine learning is critical to accelerating growth,” Dan Jablonsky, president and CEO of Maxar, said in a statement. “Wovenware’s incredibly talented team have a track record of working together to deliver customer solutions, and we are excited to work even more closely together to grow and expand our installed customer base.”
Maxar said it will invest in Wovenware’s growth in Puerto Rico and help it draw engineering talent from across the island and the U.S.
Wovenware has more than 50 customers worldwide in government, aerospace, healthcare, telecommunications, insurance and fintech.
Wovenware’s co-founder, Christian Gonzalez, CEO, and Carlos Melendez, chief operating officer, will remain with the company.
“Becoming one of Maxar’s software development and AI/ML centers of excellence enables us to accelerate our commitment to expand our employee footprint and bring the most exciting innovation and technology projects to Puerto Rico,” Melendez said in a statement.