Raven Industries has acquired the intellectual property (IP) and patent portfolio of Jaybridge Robotics for an undisclosed amount. The agricultural technology company intends to leverage this patent portfolio for the development of Raven’s Driverless Ag Technology which also includes the integration of this technology into Raven’s AutoCart platform. Raven Industries’ (RAVN) Director of Technology Solutions, Jared Kocer said, “By acquiring Jaybridge’s intellectual property we are able to advance our autonomy strategy by combining necessary, technology-leading patents with our current suite of proprietary products in this space. Having this technology will allow us to accelerate the development of vehicle automation for agriculture equipment applications.
https://www.tipranks.com/news/raven-industries-snaps-up-patent-portfolio-of-jaybridge-robotics