Bossa Nova expands research partnership with CMU, acquires AI firm HawXeye

Bossa Nova this week announced the acquisition of AI company HawXeye. Bossa Nova provides real-time, on-shelf product data for the global retail industry.

HawXeye is a spinoff of Carnegie Mellon University (CMU) and was founded by Prof. Marios Savvides and Andy Lin. Savvides has joined Bossa Nova as Chief AI Scientist bringing over 18 years of experience in deep learning, facial biometrics, and object recognition. Savvides will be responsible for advancing AI capabilities within the retail environment.

Bossa Nova also announced a new partnership with the CyLab Biometrics Center at Carnegie Mellon University. Founded and led by Savvides, the award-winning lab will advance research in AI, analytics, and robot perception in retail and autonomous navigation. Between the addition of HawXeye and the partnership with CMU, Bossa Nova gains exclusive licenses to more than 52 core IP properties in deep learning, correlation filters, 3D modeling, and additional product recognition technologies.

“With the leadership of Prof. Savvides, the HawXeye team has an impressive track record of successfully transferring AI research out of a lab environment and into reliable and scalable products,” said Bruce McWilliams, CEO of Bossa Nova. “We have only scratched the surface of what’s possible in retail and together, we will accelerate the development of advanced, AI-powered, data-focused solutions.”

“Bossa Nova is changing the retail ecosystem.” added Savvides. “When combined with their robotics technology, our AI can unlock unprecedented levels of accuracy, reliability, and scale in retail scene understanding. With Bossa Nova, we’re confident we can create a new era of retail data and analytics.”

Article Topics

acquisitions  |  AI  |  biometrics  |  Carnegie Mellon University  |  CyLab  |  retail biometrics