TechTaffy

tech:

taffy

IRobot Acquires Evolution Robotics For $74M

By TechTaffy Desk

[Techtaffy Newsdesk]

IRobot has signed a definitive agreement to acquire privately-held Evolution Robotics, developer of Mint  and Mint Plus automatic floor cleaning robots, based in Pasadena, California.

IRobot will acquire Evolution Robotics for $74 million, subject to customary purchase price adjustments. The company will use its cash reserves to pay for the acquisition.

The acquisition and the definitive agreement have been approved by the board of directors of iRobot and the board of directors and stockholders of ER. The acquisition is expected to close in the fourth quarter of 2012.

 

Just in

Public Sector

Leidos awarded $206M NGA contract for geospatial processing modernization

Leidos has been awarded a contract by the National Geospatial-Intelligence Agency's (NGA) Exploitation Services Program to sustain and modernize geospatial processing.
AI

Infosys, ServiceNow ink generative AI collaboration

Infosys and ServiceNow have inked a collaboration to develop generative AI-powered industry solutions.
Around the web

Saudi Arabia’s internet usage hits 99% in 2023 — Gulf News

Saudi Arabia recorded a significant increase in internet usage in 2023, with a penetration rate reaching 99 per cent, demonstrating near-universal access among its population, according to a Gulf News report. 
Series C

Atlan raises $105M

San Francisco, Calif.-based Atlan, providers of a data and AI governance platform, has raised $105 million in a Series C funding round.
AI

OpenAI introduces AI-generated content detection tool

OpenAI has announced the launch of a new tool designed to distinguish content created by artificial intelligence.