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Fairway Technologies Buys IT Strategists

socalTECH

Financial terms of the acquisition were not announced. IT Strategists was founded by Frank Bell, and had focused on data warehousing, big data development, machine learning, artificial intelligence, and web development. 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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Alteryx Buys Yhat

socalTECH

Financial terms of the acquisition were not announced. Yhat develops self-service data science tools for developing, managing and deploying machine learning models to web and mobile applications. Dean Stoecker is CEO and co-founder of Alteryx, which recently had its IPO. READ MORE>>.

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Papaya raises $50M to give you a way to pay bills via its mobile app

TechCrunch LA

It has developed technology to give people a way to pay bills outside of traditional methods, such as through the mail, over the phone or via a Web portal. Our cost of customer acquisition is very low relative to a lot of fintechs,” he said. So far, its growth has been “completely organic,” with no marketing team, according to the CEO.

Mobile 208
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The Mobile Majority Acquires Brazilian Company

socalTECH

Santa Monica-based The Mobile Majority --which recently zoomed past $50M in revenues--has acquired a Brazilian web development company called Elastic , according to the company. The Mobile Majority said it is adding talent in product development, UI, backend, high speed API integration, operations, and machine learning.

Mobile 100
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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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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.