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Fairway Technologies Buys IT Strategists

socalTECH

San Diego-based Fairway Technologies , a provider of consulting services in the IT area, said it has acquired Los Angeles-based IT Strategists , a provider of big data and data-driven IT consulting. Financial terms of the acquisition were not announced. READ MORE>>.

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Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out.

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Colorado’s Webroot Buys CyberFlow Analytics, Expands in San Diego

Xconomy

Not long after ViaSat (NASDAQ: VSAT ) acquired San Diego-based LonoCloud in 2013 , former LonoCloud executives Tom Caldwell and Hossein Eslambolchi met for coffee at the Specialty’s Café and Bakery in University City. Webroot also plans to expand in San Diego, and Caldwell said he plans to stay on.

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AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic , which last year unveiled its novel computer chip designed for artificial intelligence, announced today that it has raised $40 million in a Series B fundraising round led by the venture capital arm of Japanese telecom and tech giant SoftBank.

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With $30M Infusion, Certona Aims for Bigger Share of Digital Retail

Xconomy

After raising $30 million, San Diego-based Certona said it is moving to accelerate its product development, expand its sales and marketing team, and improve its client services as an e-commerce technology vendor. It also is a burgeoning sector. When you get all that data and analyze it, you get interesting insights,” Sheik said.

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How Next-Gen Chipmakers Are Raising Money, Taking On Tech Giants

Xconomy

But it turns out VCs weren’t the only driving force behind the change in fundraising prospects for the young companies now inventing chips suited for artificial intelligence tasks, and daring to compete with giant chipmakers such as Intel (NASDAQ: INTC ) and Nvidia (NASDAQ: NVDA ), says Silicon Valley Bank ’s Matt Trotter.

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SoftBank’s Arm to Include Cybereason Security Services in IoT Hub

Xconomy

Cybereason’s security services will be incorporated into the Arm Pelion IoT platform , a suite of Web-based tools that help businesses manage Internet of Things devices, their connectivity, and the data they generate. Cambridge, U.K.-based