Industrial drone solutions provider American Robotics has reached an agreement to acquire Ardenna, a Virginia-based firm providing AI-powered analytics software for the rail industry. The acquisition would enable American Robotics to offer autonomous drone-in-a-box solutions to railways.
American Robotics, a subsidiary of Ondas Holdings, estimates the global total addressable market for drone-in-a-box in rail to be $6.8 billion. In North America alone, there are over 200,000 miles of rail track and hundreds of railyards that require regular monitoring and inspection to ensure safety.
Ardenna’s software uses advanced machine-learning algorithms to automatically process and analyze visual data captured during drone surveys, identifying and measuring railway features, classifying anomalies, and assessing the health of track and railbed infrastructure.
This is why Reese Mozer, the cofounder and CEO of American Robotics, is thrilled about joining forces with…