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TruGolf acquires mlSpatial
2025-06-11 20:49
- TruGolf Holdings (NASDAQ:TRUG), a golf technology company, said on Wednesday that it has executed a definitive agreement to acquire mlSpatial, an AI and machine learning engineering firm.
- This strategic acquisition aims to advance the integration of artificial intelligence within TruGolf's products, including the Apogee Launch Monitor, Launchbox, Multisport Arcade, and E6 Apex.
- The collaboration between TruGolf and mlSpatial began in March 2024 with a licensing agreement to co-develop an AI engine enhancing the 9-axis spin accuracy of TruGolf's Apogee Launch Monitor.
- Building upon this successful partnership, the full acquisition of mlSpatial will enable TruGolf to seamlessly incorporate advanced AI technologies across its entire product suite, the company said.
- TruGolf (NASDAQ:TRUG) shares were up more than 1% in premarket trading.
More on TruGolf
- TruGolf announces stock repurchase program
- Seeking Alpha’s Quant Rating on TruGolf
- Historical earnings data for TruGolf
- Financial information for TruGolf
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