Spectral AI names CEO of Spectral IP, plans spin-off

Dallas-based spectral imaging device developer Spectral AI has named Erich Spangenberg as chief executive officer (CEO) of its recently formed subsidiary, Spectral IP.

Spangenberg is Spectral AI’s largest shareholder and has experience in global intellectual property (IP) investment, monetization, enforcement, acquisition, and licensing, the company said. He is the founder and co-managing partner of Sauvegarder Investment Management, an investment firm dedicated to IP-related financing.

In addition, Spectral AI said that Spangenberg will explore a potential spin-off for Spectral IP.

“I believe I can secure an additional $5 million to $10 million of equity capital for our new entity, which I believe will be more than adequate to fund Spectral IP for approximately one year after a possible spin-off transaction is completed,” Spangenberg said in a company news release.

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