In March, NELIA, an AI-driven construction risk assessment and management software platform, was sold to CAD. 42 to improve the safety of construction sites and reduce the chance of accidents.

In February, Brightmile, a provider of app-based telematics and driver engagement solutions, was scooped up by Smith System to improve road safety by offering customers data-driven insights on driving behavior.

In February, Preteckt, a developer of AI-enabled predictive maintenance software for the automotive industry, was acquired by Diesel Laptops to add remote vehicle monitoring and predictive AI capabilities for the commercial trucking industry to its portfolio.

In January, Sencrop, a company specializing in agricultural weather and irrigation solutions, was pocketed by Groupe ISAGRI to offer entities in the agricultural industry with higher levels of service by providing access to an expanded network of stations.

In February, SmartCover Systems, an operator of a remote monitoring and data management platform for utilities focused on sewer and related operations, was bought by Badger Meter from XPV Water Partners for $175 million at a 5.3 times revenue multiple. The deal adds real-time monitoring of collection systems, such as sewer lines and lift stations, to Badger Meter’s portfolio.

In March, Windward, a maritime AI company that enables stakeholders to make real time, predictive intelligence-driven decisions, was acquired by FTV Capital for $276 million. This acquisition strengthens its foothold in the US and sets the stage for growth in government and commercial markets.