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Freeletics raises $45M for its AI-powered mobile fitness coach

TechCrunch LA

Freeletics , headquartered in Munich, Germany, is today announcing its first round of private capital after bootstrapping since 2013. As you might expect from the name, Freeletics operates its mobile fitness coaching app on a freemium model, with tiered pricing beginning at $11.99 for one month or $74.99

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Freeletics Finds $45M For Digital Workout App

socalTECH

Freeletics says its app is focused on promoting both physical fitness as well as mental strength, willpower, and self-confidence, and uses artificial intelligence technology to help hone those workouts. Although the round is a Series A funding for the company, Freeletics was actually founded in 2013. READ MORE>>.

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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.

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Interview With Jamie Montgomery, March Capital Partners On The Firm's New Fund

socalTECH

We started March Capital in late 2013. Fund I was really focused on AI, and what we now call big data and machine learning, and we focused on the cloud and Internet infrastructure, plus made a couple of investments in India and in gaming. If your company was mobile, or cloud based before, now it has to be AI-enabled.

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

Xconomy

Certona describes itself as an “omnichannel” vendor—meaning its technology enables retailers to collect consumer data across online, mobile, e-mail, call center, and in-store interactions. Certona uses the data to offer shoppers personalized options based on “real-time profiling.”.

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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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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.

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