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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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Microsoft Venture Fund Aims to Harness Early Stage Innovation

Xconomy

The name of the fund—which will back startups focused on cloud computing, machine learning, and security, with an emphasis on technology that complements Microsoft’s own products and services—is Microsoft Ventures.

Funding 62
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Brain Corp.’s First Product is a Brain for Floor-Scrubbing Machines

Xconomy

Headed by the computational neuroscientist Eugene Izhikevich, the company maintained a low profile at Qualcomm’s San Diego headquarters until 2013, when Brain Corp. stands to gain valuable experience toward the development of autonomous, machine-learning systems and self-driving cars.

Product 106
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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.

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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. This is really the technology hub for our machine learning and threat intelligence services,” Bacher said.

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

Xconomy

ExactTarget, another rival that was founded in 2000 in Indianapolis, IN, raised over $188 million in venture capital funding before going public in 2012—and getting acquired by Salesforce in a 2013 deal valued at $2.5 When you get all that data and analyze it, you get interesting insights,” Sheik said.

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Xconomy Forum Rides Wave of Big Data/Big Bio Startups in San Diego

Xconomy

As the Xconomy Forum on Big Data Meets Big Biology draws near, one of the best arguments for understanding the significance of the convergence of data science and the life sciences may lie in what came out of the 2013 sale of San Diego’s EcoATM.