Deal

AXON ENTERPRISE, INC. acquires Axon AI - Dextro, Inc. and Misfit computer-vision team (from Fossil Group)

February 2017 asset / team and technology acquisition ready

Snapshot

AXON ENTERPRISE, INC. acquired Axon AI - Dextro, Inc. and Misfit computer-vision team (from Fossil Group) in February 2017. Axon AI - Dextro, Inc. and Misfit computer-vision team (from Fossil Group) is a Artificial intelligence - public safety video analytics business.

Acquirer
AXON ENTERPRISE, INC.
Target
Axon AI - Dextro, Inc. and Misfit computer-vision team (from Fossil Group)
Value
(not disclosed)
Date
February 2017
Type
asset / team and technology acquisition
Status
ready
01 Scorecard

The deal at a glance

Private-market deal
AXON ENTERPRISE, INC. acquires Axon AI - Dextro, Inc. and Misfit computer-vision team (from Fossil Group)
Deal value
(not disclosed)
Sector
Artificial intelligence - public safety video analytics
Date
February 2017
VectorShift
Made on VectorShift

About this deal

AXON ENTERPRISE, INC. acquired Axon AI - Dextro, Inc. and Misfit computer-vision team (from Fossil Group), a transaction completed in February 2017.

Axon AI - Dextro, Inc. and Misfit computer-vision team (from Fossil Group) operates in Artificial intelligence - public safety video analytics. TASER (now Axon) made two acquisitions to launch a new artificial intelligence group called 'Axon AI': Dextro, Inc., a computer-vision and deep-learning system that makes the visual contents in video searchable in real time, and the computer-vision team acquired from Fossil Group, Inc. (originally part of Fossil's acquisition of Misfit, Inc.). The acquired technologies and team of nearly 20 researchers and engineers accelerate AI-powered capabilities for public safety.

TASER announced the two acquisitions to launch the Axon AI group, with Dextro forming the technology backbone of the new Axon AI platform and the Fossil/Misfit machine-vision team focused on improving accuracy, efficiency and speed of processing images.

Dextro's computer-vision system makes video contents searchable in real time, forming the technology backbone of Axon AI; the Fossil/Misfit team added ~20 machine-vision researchers and engineers. Combined technology and team launched the Axon AI platform for video analytics across Axon's body-camera and evidence ecosystem. Axon AI group

TASER International (NASDAQ: TASR), the global leader in public safety technology, including body-worn video and smart weapons, today announced two acquisitions to launch a new artificial intelligence group called 'Axon AI.' The acquired technologies and team of nearly 20 researchers and engineers will accelerate the introduction of new AI-powered capabilities for public safety.
TASER International press release, February 9, 2017
Advisors not disclosed

No advisory firms have been disclosed for this transaction.

Sources Press releaseSEC filing Last updated

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