Mergers and Acquisitions (M&A): Movano Inc. (“Movano”) dba Movano Health (NASDAQ: MOVE) and Corvex, Inc. announce Merger.
Arlington, Virginia – Corvex, Inc. has announced the acquisition of Movano Inc (https://movanohealth.com/). According to the company announcement Corvex, Inc. is an AI cloud computing company headquartered in Arlington, Virginia, that specializes in providing GPU-accelerated infrastructure for artificial intelligence workloads. The company’s core offerings include AI Factories and GPU Clusters, which provide computing, storage, and networking resources for AI model training and inference. Corvex aims to address key challenges in the AI sector, such as the need for greater scale, efficiency, and security, through its Amplified AI CloudTM platform. Additionally, the company is developing advanced services like Confidential Computing to safeguard intellectual property and an Inference-as-a-Service platform designed to increase throughput and reduce costs. Through a planned merger with Movano Inc., Corvex intends to enter the public markets to accelerate its growth and expand its specialized GPU-as-a-Service and AI-as-a-Service capabilities.
To learn more about Corvex, Inc., visit https://www.corvex.ai/
Company LinkedIn Page: https://www.linkedin.com/company/corvexai/
Company Contact:
Corvex, Inc.
3401 North Fairfax Drive Suite 3230
Arlington, VA 22226
415-651-3172
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