{"id":37248,"date":"2024-06-24T13:46:58","date_gmt":"2024-06-24T13:46:58","guid":{"rendered":"https:\/\/one.sightlinemg.com\/c4isrnet\/uncategorized\/2024\/06\/24\/safran-in-talks-to-buy-french-ai-startup-preligens-for-220-million\/"},"modified":"2026-08-20T12:27:51","modified_gmt":"2026-08-20T12:27:51","slug":"safran-in-talks-to-buy-french-ai-startup-preligens-for-220-million","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/c4isrnet\/artificial-intelligence\/2024\/06\/24\/safran-in-talks-to-buy-french-ai-startup-preligens-for-220-million\/","title":{"rendered":"Safran in talks to buy French AI startup Preligens for \u20ac220 million"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">PARIS \u2014 Aerospace firm Safran is in exclusive talks to buy French defense artificial-intelligence startup Preligens, whose algorithms are used to analyze satellite data for the French and U.S. militaries, for an enterprise value of \u20ac220 million, or $236 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Safran said the potential deal is a \u201cunique opportunity\u201d to add cutting-edge AI to its product offering. The transaction is subject to the usual regulatory approvals, and is expected to close in the third quarter of 2024, the Paris-based company said in a <a href=\"https:\/\/www.safran-group.com\/pressroom\/safran-enters-exclusive-discussions-acquire-preligens-leader-artificial-intelligence-aerospace-and-2024-06-24\"><u>statement<\/u><\/a> on Monday<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe proposed acquisition of Preligens will boost the adoption of AI within the group,\u201d Safran CEO Olivier Andri\u00e8s said in the statement. \u201cIt will represent a step-change for our defense and space technology businesses.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The acquisition would ensure French control of a technology that the country\u2019s Armed Forces Ministry has identified as crucial in the competition between global powers. The French government owns 11.2% of Safran and 18.1% of voting rights. Other bidders for Preligens included Sweden\u2019s Hexagon and the Leonardo-Thales joint venture Telespazio, Les Echos reported in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Preligens AI has been trained specifically for detecting military equipment such as armored vehicles, aircraft and ships on satellite or drone images, and France\u2019s military intelligence uses the technology to monitor activity at strategic sites. The startup also works with NATO, the U.S., the U.K. and the EU, and last month announced a new contract with an Asia-Pacific customer for AI analysis of high volumes of government satellite images.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The startup was approached in 2020 by the CIA-sponsored investment fund In-Q-Tel, prompting French government-owned defense investment fund Definvest to participate in a \u20ac20 million funding round that same year to keep ownership fully in France. The French armament agency DGA signed a framework contract for AI analysis with Preligens in 2022 with a value of as much as \u20ac240 million over seven years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">France in March announced plans to reallocate \u20ac2 billion of funding from its 2024-2030 defense budget to artificial intelligence. Armed Forces Minister S\u00e9bastien Lecornu last week announced plans to build Europe\u2019s <a href=\"https:\/\/www.defensenews.com\/global\/europe\/2024\/06\/18\/france-preps-europes-fastest-classified-supercomputer-for-defense-ai\/\"><u>most powerful classified supercomputer<\/u><\/a> to take the lead in AI for defense purposes, saying France will be the European power that will devote most resources to military AI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Preligens had sales of \u20ac28 million in 2023 and employs about 220 people, including 140 engineers in research and development. The company\u2019s products include Xerus, which uses AI to map terrain for military purposes such as mission planning, and Robin, which provides AI-based monitoring of activity at strategic sites such as air bases. The Paris-based startup is also working with the French Navy on <a href=\"https:\/\/www.defensenews.com\/global\/europe\/2024\/05\/17\/france-turns-to-ai-for-signals-analysis-in-underwater-acoustics-war\/\"><u>AI-powered analysis of underwater acoustic signals<\/u><\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adding the Preligens technology will allow Safran deploy AI-enabled digital inspection focused on flight safety and quality, the company said. Safran gets more than three-quarters of its revenue from civilian aerospace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Safran Electronics &amp; Defense presented an AI solution called Advanced Cognitive Engine (ACE) at the Eurosatory defense show here last week, adding AI-based target detection and tracking to the company\u2019s optronics for land vehicles, naval sights and aircraft. The company plans to integrate ACE with its drones and robotic systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Preligens was founded in 2016 by Arnaud Gu\u00e9rin, a former executive at French government-owned nuclear-power technology firm Areva, and Renaud Allioux, previously an engineer at Airbus Defence and Space focusing on remote sensing for Earth observation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Paris-based company&#8217;s  algorithms are used to analyze satellite data for the French and U.S. militaries.<\/p>\n","protected":false},"author":7,"featured_media":4245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":6,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[6,29],"tags":[8498],"coauthors":[3282],"class_list":["post-37248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-home","tag-france"],"acf":{"subheadline":"","legacy_arc_id":"D47AXOS35FBZZEOIDQQYFBQYG4","arc_canonical_url":"\/global\/europe\/2024\/06\/24\/safran-in-talks-to-buy-french-ai-startup-preligens-for-220-million\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented 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