Safran
Assembly Line
Safran Strengthens AI Capabilities with Acquisition of Preligens
Safran has acquired Preligens, an AI company specializing in defense and aerospace analytics, for ā¬220 million. Preligens will be rebranded as Safran.AI and integrated into Safran Electronics & Defense. This acquisition strengthens Safranās AI capabilities, particularly in surveillance and identification systems, and supports its broader digital transformation goals. The move will also help Preligens expand its AI solutions globally, especially in the US market.
Founded in 2016, Preligens has established itself as a key player in AI analytics, particularly in the analysis of high-resolution imagery, video, and acoustic signals for military purposes. The companyās proprietary AI Factory leverages vast amounts of data from diverse sources to develop cutting-edge algorithms capable of automatic detection and identification of military targets.
INERATEC Raises $129 Million Led by Piva Capital to Usher in the Next Era of Sustainable Mobility
INERATEC, a pioneering e-Fuel company, announced it has raised over $129 million in its Series B funding round, led by Piva Capital with additional participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures as well as the increased support from current investors, including global corporates like ENGIE New Ventures, Safran Corporate Ventures and Honda.
INERATECās technological advancement is a scalable patented technology that enables the production of ādrop-inā e-Fuels. The process involves two main steps: first, turning CO2 and hydrogen into synthesis gas, then using a second reactor to turn the synthesis gas into liquid and solid hydrocarbons. The e-Fuels are compliant with standards targeted for industries heavily relying on fossil fuels, such as aviation, shipping, road transport, and the chemical industry.
Since it was founded in 2016, INERATEC has built and operated numerous pilot plants and is engaged with over 30 customers in the respective fields of application. Additionally, the company has been recognized with several key awards, including the German Founders Award, the Next Economy Award, and the EARTO Award and was recently selected as Top Innovator by UpLink, the Innovation platform of the World Economic Forum.
Safran agrees to buy Collins flight controls business for $1.8 billion
Franceās Safran (SAF.PA) said on Friday it had agreed to buy a supplier of critical cockpit functions from Collins Aerospace in a cash deal valuing it at $1.8 billion, as it prepares for the next generation of increasingly computerised aircraft. The deal to buy Collinsā actuation and flights controls business marks the French engine and aircraft equipment makerās biggest acquisition since the 2018 purchase of seat maker Zodiac.
It targets a growing market for actuators, which convert electronic instructions from the cockpit to the physical movement of parts to help control aircraft, for example by providing extra lift during landing.