Continued Strong Expansion and Growth with 40% Revenue Increase |
STARKVILLE, MS - JANUARY 30 — Camgian, an award-winning software company known for developing groundbreaking artificial intelligence (AI) and machine learning (ML) applications, today announced it closed a record year in 2024. Driven by strong growth in its defense segment, the company achieved significant milestones in revenue, contract awards, and employee headcount. These achievements underscore Camgian’s position as a leading industry innovator and trusted service provider.
In 2024, Camgian reported a notable 40% year-over-year revenue growth, surpassing its previous performance records. By leveraging AI/ML to solve critical challenges in air and missile defense, intelligence, maintenance, and logistics, the company’s success was fueled by advancements in its kill chain automation technologies and notable contract wins. Camgian also expanded its workforce across Mississippi, Alabama, and Oklahoma, reaching a record employee base.
This growth coincided with significant advancements in Camgian’s AI/ML technology portfolio, which now supports clients in both government and industrial markets, further solidifying the company’s leadership in the field.
“We are incredibly proud of the growth and achievements we’ve experienced in 2024,” said Gary Butler, Chairman and CEO of Camgian. “This record year is a testament to our team's hard work and dedication and our clients' trust in us to solve some of the most critical challenges facing the defense and industrial sectors. We look forward to building on this momentum and delivering even greater value to our clients in the years to come.”
Key highlights for 2024 included:
40% annual revenue growth Y-O-Y
20% annual employee growth
Record new contract awards
Broke ground on Lawton, OK, expansion
Expansion into the Huntsville market ”
For more information about Camgian and its commitment to supporting military veterans, please visit Camgian.com.
About Camgian
Camgian is an award-winning developer of digital technologies that deliver real-time, actionable intelligence. Through innovations in data science, AI, and software, Camgian technologists are pioneering the next generation of cognitive computing applications that address critical needs in the national security and industrial markets.
For more information on Camgian, please visit www.camgian.com or @camgianai