Eva Live Acquires 51% of Airbeam Wireless for $16 Million
Eva Live Inc. is set to acquire a controlling 51% stake in Airbeam Wireless Technologies for approximately $16 million. This acquisition is strategically significant, allowing Eva Live to enhance its AI communication capabilities, particularly for autonomous drone swarms.
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Eva Live Inc. (NASDAQ:GOAI) has signed a Letter of Intent to acquire 51% of Airbeam Wireless Technologies Inc., with a valuation of around $16 million. As part of the acquisition, Eva Live sees potential in integrating Airbeam's beamforming technology with its AI platform for autonomous drones via its subsidiary, Eva Defense.
Airbeam's wireless modules provide multi-gigabit backhaul for AI processing and high-bandwidth networks for defense and commercial applications. The transaction follows a year where Eva Live reported a 60% revenue growth, reaching $17.3 million, yet remains unprofitable. The acquisition may facilitate advancements in smart city infrastructure and satellite network technology.
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