They've been doing this for awhile, and it's actively used in the Middle East to predict locations of IED. Also DOD has a tendency of creating shell companies to buy up these startups without the usual oversight.
They use existing IED locations and layers of GIS data to determine where terrorists would be likely to place them. For instance, they use events as training data and then measure distance to light posts, distance from school, distance from whatever to create heat maps of high risk IED areas. The problem is the terrorists algorithm changes as we get better at stopping them. Cat and mouse.
Would be interesting to know how that would work.