BigBear.ai, an artificial-intelligence company, is in talks to go public through a merger with GigCapital4, Bloomberg reports, citing people with knowledge of the matter.
The SPAC is seeking to raise equity and convertible debt to support a deal that’s set to value the combined company at more than $1.5 billion, said one of the people.
Columbia, Maryland-based BigBear’s projected 2021 revenue is $150 million to $200 million, one of the people said. The company says it is a provider of artificial intelligence and machine learning, advanced analytics, data science and management to U.S. government clients including the Department of Defense and intelligence agencies. Read more.
