October 24, 2023
Weil is representing PSG Equity in its investment in AirWorks, a leading AI-powered mapping solution providing geospatial data processing and analytics. AirWorks offers a platform that leverages artificial intelligence and machine learning to help provide effective and cost-efficient mapping products to project managers across a variety of verticals, including architecture and engineering, telecommunications and utilities, and government services.
“AirWorks has built an impressive product and market position, providing an innovative approach to a historically manual process with their differentiated AI-driven platform. We believe the AirWorks product will continue to help deliver great value for their customers and to drive further adoption of AI tooling within the geospatial data industry,” said Adam Marcus, Managing Director at PSG. “We’re excited to partner with the AirWorks team and are looking forward to leveraging our experience to help them continue to distinguish the company as a market leader.”
The Weil team is led by Private Equity partner David Gail and includes Private Equity associate Ryan Strassman; Tax partner Jason Vollbracht; Executive Compensation & Benefits partner Jennifer Britz and associate Sanjana Rao; and Technology & IP Transactions partner Olivia Greer, counsel Kane Wishart and associate David Merck.