Hilco Streambank seeks offers to acquire Edgeworx’ Darcy.AI assets

Hilco Streambank seeks offers to acquire Edgeworx’ Darcy.AI assets

Hilco Streambank, an intellectual property advisory firm, is looking for offers to acquire Edgeworx’s software and other assets, the company says. Edgeworx provides software developers with an edge AI solution and associated hardware.

The technology, called Darcy.AI, permits developers to build in their local environment, deploy hardware and applications at the edge, and run AI software using the cloud.

According to Gabe Fried, CEO of Hilco Streambank, the company’s software operates as an end-to-end platform of AI, hardware and cloud tools that can integrate with any infrastructure or model.

The firm’s software acts as a platform for developers to integrate real-time artificial intelligence into the infrastructure at the network’s edge. Businesses can use a sleek computer vision camera at the source of data collection. By using the cloud, cameras (or any other software/hardware) can operate like anything else in the cloud without needing to send video streams back to servers.

The company’s AI-powered camera, called Darcy, was launched in 2020 during the height of the pandemic and promised to help protect schools and workplaces of every size. The company said its technology could detect fever, identify people wearing masks, track self-reported symptoms and act as a screening tool in busy areas.

Edgeland, LLC is selling the assets of Edgeworx as a secured lender following Article 9 of the Uniform Commercial Code. The deadline for bids is October 17, 2022, at noon eastern time, with the public auction to follow on October 18 at noon also in eastern time.

The assets will be sold on an “as is, where is” basis, without any warranties or guarantees, according to Hilco.

EdgeIR reached out to Edgeworx for further comment but did not receive a reply by the time this article was published.

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