Airship AI (NASDAQ: AISP), the Redmond, Washington artificial intelligence company helping U.S. Homeland Security agencies monitor the nation’s border, made its debut on the Nasdaq after completing its merger with BYTE Acquisition Corp. (NASDAQ: BYTS).
The Special Purpose Acquisition Corp. or SPAC deal, which gave Airship AI a pre-money equity value of $225 million, is aimed at accelerating the growth of Airship AI’s AI-driven edge video, sensor and data management platform for government and business customers. The deal was first announced in June and had the overwhelming support of shareholders.
Getting In The Spotlight
Airship AI is betting its NASDAQ listing will enhance its visibility, broaden its customer base and give it financial flexibility as it goes after what it says is the $7 billion addressable market for edge AI software and hardware. It's a market Airship AI said is projected to grow to over $40 billion by 2030.
As it stands there is an array of sensors to monitor from multiple vendors collecting data in real-time. Managing, analyzing and gleaming actionable information from it all is difficult and time-consuming. Take a shooting in a public setting as an example. Information can be coming in from body cams, surveillance cameras, drones, CCTV and a host of other sources. By the ...