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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

Last week, we talked about about the “de-stonkifying” of the market. The company’s stock tanked by more than 26 percent, representing a $230 billion reduction in market cap and a $31 billion drop in Zuckerberg’s personal net worth. Hello friends, and welcome back to Week in Review !

Marketing 246
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JMI Equity Backs Jvion's Healthcare AI Software

socalTECH

San Diego- and Baltimore-based private equity investor JMI Equity is the lead backer of a developer of artificial intelligence software for the healthcare industry this morning. Jvion said it will use the funding to accelerate expansion across its market. Jvion is based in Atlanta, Georgia, and was founded in 2011.

Equity 113
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SOCi Acquires Brandify

socalTECH

San Diego-based marketing software developer SOCi annoucned on Thursday that it has acquired Brandify, a provider of location-based digital marketing. According to SOCi, the deal will add additional functionality to its platform. Financial terms of the deal were not announced.

San Diego 113
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Emerged Gets Seed Funding Round

socalTECH

San Diego-based Emerged, a new startup which provides qualified leads to healthcare organizations, says it has raised a seed round of funding. Emerged said the new funding will go to scale its software platform and for sales and marketing. The funding came from Round One Capital.

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Seismic Scores $170M, Now Worth $3 Billion

socalTECH

San Diego-based sales and marketing software developer Seismic has raised $170M in a Series G funding round, the company said this morning, and is now valued at $3 billion. The company said the new funding will be used to continue expanding Seismic's platform, R&D, and global footprint.

San Diego 113
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San Diego Social Media Startup Soci Adds Austin Office, Raises $8.5M

Xconomy

Soci, a San Diego startup that created a Web platform for managing social media, has closed on $8.5 The five-year-old startup, which had 35 employees five months ago when it was named as a 2017 Xconomy San Diego company to watch , now has 50 employees.

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Qualcomm Releases Augmented Reality Software For Android

socalTECH

San Diego-based Qualcomm has released a platform for developing augmented reality (AR) software for Android, the firm announced this morning. The firm said the software, available via its beta program, allows users to build, market, and distribute applications based on its Qualcomm AR platform.

Software 191