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AlphaTrAI Applies AI To Investment Management

socalTECH

San Diego-based AlphaTrAI , a fintech startup which is backed by venture capital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. the founder of Hightree Advisors, to its advisory board.

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Veritone Picks Up $6.5M In PPP Loans

socalTECH

Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M Veritone has over 300 employees and had 2019 net revenues of $49.6M. in loans under the Paycheck Protection Program (PPP).

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Phyn Ties With Insurer For Smart Water Assistant

socalTECH

Los Angeles-based Phyn , which develops "smart home" technology to both monitor water usage and also help prevent major water damage, has inked a deal with an insurance company to offer up its technology to consumers. PURE Insurance provides its insurance to high net worth individuals and families. READ MORE>>.

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Wazee Digital Acquired By Veritone

socalTECH

Veritone is a developer of artificial intelligence software used to analyze audio, video and other data sources. Wazee Digital had net revenues of over $19M in 2017, according to the companies. Veritone said it paid $15.0M for Wazee Digital, split between $7.5M in cash and $7.5M in Veritone common stock.

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Veritone Raises $33M In IPO

socalTECH

Newport Beach-based Veritone , a developer of artificial intelligence and analyics software, has raised $33.0M in net proceeds related to the IPO. in net proceeds related to the IPO. in is IPO on the NASDAQ. The company, which now trades under the symbol VERI, sold 2,500,000 shares of its common stock at $15.00

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The Five Major Tech Trends of 2016

Xconomy

“Cognitive computing,” artificial intelligence, machine learning, and advanced data analytics are evolving companies’ understanding of their customers in game-changing ways. To augment and overcome physical distance, we are starting to use drones, virtual reality, and driverless cars. billion.

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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

. —Intel (NASDAQ: INTC ) paid over $400 million in August to acquire Nervana Systems , the two-year-old San Diego startup offering its machine learning technology as a cloud-based service. I widened my net this year. I am grateful to Mike Krenn, the venture group’s president, for his help on this project.