ARLINGTON, Va.--(BUSINESS WIRE)--IvySys Technologies, an innovative synthetic data solutions and services company, announced today that it has been awarded a Basic Ordering Agreement (BOA) for the Joint Artificial Intelligence Center (JAIC) Data Readiness for Artificial Intelligence Development (DRAID) program. With a ceiling value of $241.6 million, the five-year BOA will allow DoD components to rapidly access IvySys synthetic data generation solutions and related AI data preparation services. On behalf of the JAIC, the U.S. Army Contracting Command has awarded the DRAID BOA to establish a decentralized vehicle that streamlines rapid procurement and agile delivery of AI data readiness capabilities for the DoD.
“The high cost to curate and produce quality problem-specific training data serves as a significant obstacle to the widespread adoption of AI in the DoD.” said Dr. James A. DeBardelaben, President and CEO of IvySys Technologies. “IvySys is excited to bring forward our proven AI-driven synthetic data generation and automated data preparation capabilities as we partner with the JAIC to confront this mission critical challenge.”
The solutions and services addressed by the DRAID vehicle span the full set needed to prepare “AI ready” data, from data ingestion right up to before AI model training begins. This JAIC DRAID contract builds on IvySys Technologies’ extensive experience supporting the DoD and Intelligence Community. As part of a recent DoD innovation program, IvySys developed a novel, generative AI-based synthetic data generator that employs user-specified threat scenarios to produce multi-source synthetic data for AI model training and testing, while protecting data privacy.
About IvySys Technologies
IvySys Technologies is a deep tech company that provides innovative AI-driven synthetic data generation solutions and related data preparation services that enable organizations to rapidly discover threats hidden in big data to keep our nation safe. As an R&D innovation partner to the U.S. Government’s most advanced research and development agencies, IvySys is a leader in synthetic big data generation, artificial intelligence, and multi-source data integration. IvySys staff have mission expertise in critical areas ranging from social cybersecurity to countering weapons of mass destruction. Founded in 2005, IvySys is a Small Disadvantaged Business located in Arlington, Virginia. For more information, visit www.IvySys.com.