Torch.AI has acquired data extraction software company B23 for an undisclosed sum and announced the appointment of Brad Kolarov, founder and managing partner at B23, as a vice president.
“The acquisition of B23 expands our current work supporting the U.S. Navy in extraordinary ways,” Brian Weaver, chairman and CEO of Torch.AI, said in a statement published Thursday.
Established in 2014, Virginia-based B23 extracts actionable competitive intelligence from aggregated data sources and has developed maritime autonomy and artificial intelligence applications.
Torch.AI said it will combine B23’s machine learning experience with its Nexus software platform to improve clients’ data processing capabilities.
Kolarov spent nine years as a Navy SEAL officer and culminated his naval career as a lieutenant commander. He worked as an executive at Amazon Web Services prior to founding B23.
“We immediately saw how important the work Brad and the team at B23 were doing for the national security mission. These are tested capabilities and systems that, when combined with our platforms, will provide even more performance for both our commercial and public sector customers,” added Weaver.
