
Vimaan Robotics, Inc., a San Jose-based company that develops computer vision and AI warehouse management solutions, has agreed to pay $1.5 million to resolve allegations that it violated the False Claims Act by improperly accepting a grant award that it was ineligible to receive. The settlement relates to a Small Business Innovation Research Phase II grant that Vimaan obtained from the National Science Foundation. The terms and conditions of the SBIR grant preclude companies that are majority-owned by one or more venture capital operating companies from applying for or receiving such an award. In agreeing to the settlement, Vimaan did not admit liability and the U.S. government did not concede its claims are not well founded.
Read More 0