Bases.ai, a company looking to create experimentation bases for other businesses wanting to use AI, has announced the signing of an agreement to acquire SenseAI Technologies. The purchase agreement is planned to take effect by June 30.
“With SenseAI, we can solve this key part of the AI business equation while opening the door to numerous opportunities for innovation.”
Montreal-based SenseAI, founded in 2017, has developed a hybrid solution for data acquisition through software and hardware, related to cloud and edge computing, that the company said is capable of being integrated with various protocols used in the industrial sector. The company has also developed a modular wireless smart sensor that can collect industrial data without having to replace existing equipment.
“Data is at the core of any machine learning project,” said Martin Bouchard, co-founder of Bases.ai. “With SenseAI, we can solve this key part of the AI business equation while opening the door to numerous opportunities for innovation.”
With future facilities to be built in Lévis, QC, Bases.ai aims to be the missing link between theory and practice in artificial intelligence. It’s looking to offer companies the opportunity to benefit from its experimentation bases for developing, testing, and integrating solutions based on applied artificial intelligence. The two co-founders initially predicted a total investment of $150 million within the next five years for the project, in a July 2018 announcement.
Although not yet built, specialized infrastructure, such as workspaces, test rooms, industrial robots as well as supercomputers, will also be made available to partner companies. These bases, developed in the main regions of the Quebec province, aim to have a major impact on the entire Quebec business ecosystem by promoting the use of artificial intelligence in an industrial environment.
“The SenseAI team is excited to join Bases.ai to develop our platform and expertise,” said Dany Bolduc, COO and co-founder of SenseAI. “This agreement will combine Bases.ai’s expertise in the applied artificial intelligence sector with our in-depth knowledge of connected devices for the industry sector.”
Image courtesy Bases.ai