Trending...
- Applicants Sought for the Tacoma Creates Advisory Board
- Jed the Fish, The Rapscallion of Los Angeles KROQ's Airwaves and Provocateur, Has Signed Off at 69
- Spokane City Council Accelerates Amendment on Abandoned Vehicles
SEATTLE, April 15, 2025 ~ Seattle, Washington - Spectral Capital Corporation (OTCQB: FCCN) has made a significant move in the autonomous vehicle industry with its recent acquisition of 169,889 shares of Preferred Stock in a leading AI software company. The shares were obtained through an exchange of Spectral Capital stock valued at $10 per share, resulting in a total transaction value of $16,889,900.
The target company, which cannot be named at this time due to confidentiality agreements, is a major player in the autonomous driving space and supplies AI software to 10 of the top OEM's worldwide. With a current IPO target of $20 billion by June 2026 and outstanding shares, each share in the AI Company is estimated to be worth approximately $159. This puts Spectral's new stake at a current market value of around $27 million.
This strategic investment not only expands Spectral's portfolio into the rapidly growing autonomous driving sector but also sets the foundation for deeper collaboration between the two companies. In addition to the equity investment, Spectral Capital and the AI Company are currently negotiating a licensing agreement that would allow the AI Company to use Spectral's existing patent library. This potential agreement highlights the importance of this partnership as both companies aim to accelerate innovation in the autonomous vehicle industry by combining their expertise and resources.
More on Washingtoner
Jenifer Osterwalder, CEO of Spectral Capital Corporation, expressed her excitement about this new venture stating that "our investment in autonomous driving AI represents a strategic step forward for Spectral." She believes that their partnership with the AI Company will drive innovation in autonomous vehicle software with a visionary yet practical approach. Osterwalder also mentioned that they are looking into ways to leverage Spectral's patent portfolio in their solutions to further advance autonomous driving technology.
This acquisition marks Spectral Capital's entry into the autonomous driving arena and reflects its commitment to investing in transformative technologies. By partnering with an industry leader and gaining access to a robust patent library, Spectral Capital is strengthening its position as a diversified technology accelerator bridging innovations in artificial intelligence and next-generation computing.
Spectral Capital Corporation, headquartered in Seattle, is a publicly traded technology venture company and quantum computing incubator. The company specializes in developing and operating proprietary quantum technology platforms while strategically investing in complementary emerging technologies such as artificial intelligence and autonomous systems. Their mission is to accelerate innovation by bridging the gap between cutting-edge research and real-world applications, delivering practical, scalable solutions in areas including quantum computing, AI, and advanced robotics.
More on Washingtoner
This strategic investment by Spectral Capital Corporation not only creates value for their shareholders but also contributes to the future of transportation. With their extensive patent portfolio and expertise, they are well-positioned to foster advancements across industries and drive practical solutions for emerging technologies. For more information on Spectral Capital Corporation, visit their website at www.spectralcapital.com.
The target company, which cannot be named at this time due to confidentiality agreements, is a major player in the autonomous driving space and supplies AI software to 10 of the top OEM's worldwide. With a current IPO target of $20 billion by June 2026 and outstanding shares, each share in the AI Company is estimated to be worth approximately $159. This puts Spectral's new stake at a current market value of around $27 million.
This strategic investment not only expands Spectral's portfolio into the rapidly growing autonomous driving sector but also sets the foundation for deeper collaboration between the two companies. In addition to the equity investment, Spectral Capital and the AI Company are currently negotiating a licensing agreement that would allow the AI Company to use Spectral's existing patent library. This potential agreement highlights the importance of this partnership as both companies aim to accelerate innovation in the autonomous vehicle industry by combining their expertise and resources.
More on Washingtoner
- Most Common Car Accidents In America
- Public Hearing on South Tacoma Groundwater Protection District Code Update on May 21
- Co-Creating the Future of ePaper: ZKONG and E Ink at Touch Taiwan 2025
- New York Times Exposé Vindicates CCHR: ADHD Isn't Biological, Says Watchdog
- HISTORIC FIRST The First Belief System In Human History To Formally Enshrine The Innate Divinity Of The Infant As Civilization's Central Moral Axis
Jenifer Osterwalder, CEO of Spectral Capital Corporation, expressed her excitement about this new venture stating that "our investment in autonomous driving AI represents a strategic step forward for Spectral." She believes that their partnership with the AI Company will drive innovation in autonomous vehicle software with a visionary yet practical approach. Osterwalder also mentioned that they are looking into ways to leverage Spectral's patent portfolio in their solutions to further advance autonomous driving technology.
This acquisition marks Spectral Capital's entry into the autonomous driving arena and reflects its commitment to investing in transformative technologies. By partnering with an industry leader and gaining access to a robust patent library, Spectral Capital is strengthening its position as a diversified technology accelerator bridging innovations in artificial intelligence and next-generation computing.
Spectral Capital Corporation, headquartered in Seattle, is a publicly traded technology venture company and quantum computing incubator. The company specializes in developing and operating proprietary quantum technology platforms while strategically investing in complementary emerging technologies such as artificial intelligence and autonomous systems. Their mission is to accelerate innovation by bridging the gap between cutting-edge research and real-world applications, delivering practical, scalable solutions in areas including quantum computing, AI, and advanced robotics.
More on Washingtoner
- Stuck in Place? Why Homeowners Are Building Up Instead of Moving Out
- Crafting the Sound of VS Pop™: The Vision of CR Srikanth
- Lucky Envelope Brewing Celebrates a Decade in the Craft Beer Industry
- Boston Industrial Solutions, Inc., introduces Rubber and Foam Printing Ink
- Tacoma Powers Up Downtown With Major Electric Vehicle Charging Expansion
This strategic investment by Spectral Capital Corporation not only creates value for their shareholders but also contributes to the future of transportation. With their extensive patent portfolio and expertise, they are well-positioned to foster advancements across industries and drive practical solutions for emerging technologies. For more information on Spectral Capital Corporation, visit their website at www.spectralcapital.com.
Filed Under: Business
0 Comments
Latest on Washingtoner
- Iohexol Injection of Beilu Pharmaceutical Receives MA in the EU
- Thrive Cannabis Marketplace Opens New Main Street Dispensary in Las Vegas Arts District
- ReferFriends.io Officially Launches: A New Global Hub for Sharing and Discovering Referral Codes
- Emerging Managers Podcast Launches, Highlighting New Players in Venture Capital Outperforming the Status Quo
- North American Security Launches New Website to Reflect Evolving Industry Demands and Client-Centered Solutions
- FAIRMONT HOTELS & RESORTS AND MAKE-A-WISH HOST FIRST-EVER BAKE-A-WISH CHALLENGE IN HONOR OF WORLD WISH DAY
- Home Run Pest & Termite Control Launches Monthly Mosquito Service to Help Wylie, Plano, and Rockwall Homeowners Reclaim Their Backyards
- Jayson Warner Smith joins the cast of Tulsa King, The Good Daughter and Murdaugh Murders in 2025
- Digital Watchdog and Deep Sentinel Partner to Deliver Integrated AI-Powered Security Solutions
- Applicants Sought for the Tacoma Creates Advisory Board
- Local Leap Marketing Wins Creative Excellence Award for Healthcare Web Design
- Spokane: Mayor, City Council Announce New Traffic Safety Improvements
- Home Run Pest & Termite Control Delivers No-Contract Pest Solutions to Wylie, Rockwall & Surrounding Areas
- Lauren Coyle Rosen Unveils Debut Album 'Purify Flame'
- Spokane: First AED coming to Dwight Merkel, thanks to Project 100 donation
- American Mensa Welcomes 7-Year-Old Savannah Boy
- Portland Hosts Mensa's 2025 Mind Games®
- T&S and US Conec Ink Global Licensing Deal on MDC Technology to Advance High-Density Optical Interconnects
- Goosechase Rolls Out Unlockable Missions, Its Most Anticipated Feature Yet
- Couples Too Broke to Break Up – Divorce Expert Warns of Hidden Separation Crisis Amid Cost of Living Squeeze