A local artificial intelligence company is banking on the surging demand for infrastructure improvements nationwide to continue its impressive growth. Columbia-based company Rekor Systems Inc. (NASDAQ: REKR) creates machine learning technology that allows its customers to monitor traffic, capture vehicle descriptions and collect real-time roadway data. Rekor saw its revenue jump from $19.9 million in 2022 to $34.9 million in 2023 — a 75% bump.
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July 12, 2024