Bird & Bird advises Milestone on the acquisition of Brighter AI

Munich — Mile­stone, a Copen­ha­­gen-based subsi­diary of Canon and the world’s leading provi­der of video surveil­lance tech­no­logy, has acqui­red the Berlin-based AI start-up Brigh­ter AI. Mile­stone was advi­sed on this tran­sac­tion by the inter­na­tio­nal law firm Bird & Bird. 

Foun­ded in 2017, Brigh­ter AI uses arti­fi­cial intel­li­gence to anony­mize video data in accordance with Euro­pean data protec­tion regu­la­ti­ons. Exis­ting coope­ra­tion part­ners include Volks­wa­gen, Deut­sche Bahn and the US chip manu­fac­tu­rer Nvidia. 

With the acqui­si­tion of Brigh­ter AI, Mile­stone is pursuing the clear goal of estab­li­shing itself as a Euro­pean market leader for secure and privacy-compli­­ant video data analy­sis. CEO Thomas Jensen is convin­ced that the market for data anony­miza­tion will conti­nue to grow stron­gly. By utili­zing Brigh­ter AI’s tech­no­logy, which is alre­ady being used by well-known compa­nies world­wide, Mile­stone intends to further streng­then and expand its posi­tion in the field of AI-supported video surveil­lance solutions. 

With this tran­sac­tion, Mile­stone under­lines the incre­asingly influ­en­tial role of arti­fi­cial intel­li­gence in Europe.

Advi­sor Mile­stone: Bird & Bird

Asso­ciate Yannick Stahl, LL.M. and Part­ner Stefan Münch, Foto (both Corpo­rate, M&A, Munich), Part­ner Dr. Ralph Panzer, Coun­sel Sandy Gerlach (both Employ­ment Law, Munich), Part­ner Dr. Rolf Schmich and Coun­sel Michael Brüg­ge­mann (both Tax Law, Frank­furt), Part­ner Dr. Stephan Wald­heim (EU & Compe­ti­tion, Düsseldorf). 

About Bird & Bird

With its orig­ins in IP law, Bird & Bird under­stands the core of every company, the requi­re­ments of the market and compe­ti­tion and how to achieve sustainable success. We call it sector focus. And with this DNA, today we are your law firm for all legal issues rela­ting to tech­no­logy, digi­ta­liza­tion and regu­la­tion. With over 1,600 lawy­ers in 32 offices in 22 count­ries, we are repre­sen­ted in Europe, North America, the Middle East, Asia-Paci­­fic and Africa and main­tain close rela­ti­onships with law firms in other parts of the world. In Germany, we are repre­sen­ted by more than 280 lawy­ers in Düssel­dorf, Frank­furt, Hamburg and Munich. www.twobirds.com.