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Kneron Finds $40M More

socalTECH

San Diego-based Kneron , a developer of artificial intelligence software, has raised $40M more in Series A funding, from investor Horizons Ventures. Kneron was founded in 2015. Horizons Ventures it the venture arm of Hong Kong tycoon Li Ka-Shing. READ MORE>>.

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Reports: Harvest.Ai Acquired By Amazon

socalTECH

San Diego-based Harvest.ai , a developer of software that uses machine learning and artificial intelligence to prevent data loss from enterprises, has reportedly has been acquired by Amazon.com. in funding from Trinity Ventures back in March of 2015. The company was reportedly acquired for around $20M.

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Arianna Huffington’s Thrive Global is buying a startup that uses neuroscience to boost app usage

TechCrunch LA

Originally called Dopamine Labs, the company was founded in 2015 to bring some of the same technologies that social media companies like Facebook used to boost engagement to a broader range of applications. Meet the tech company that wants to make you even more addicted to your phone. Roughly 70% of healthcare spending in the U.S.

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SaaS Is Dead, Long Live Software

InfoChachkie

Software terminology is stubbornly not following a similar evolution. It’s high time we kill the term Software As A Service (SaaS) and call it what it is – software. Even Salesforce abandoned it’s silly “No Software” tagline, after the company had to explain in 2015 that it meant, “No legacy software, just cloud software.”.

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What I Learned In 2015: Jeb Spencer, TVC Capital

socalTECH

Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. Jeb Spencer: For TVC, closing on our new $115 million software focused growth equity fund at the end of last year made for an exciting 2015.

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Hulu Acquires Vhoto

socalTECH

Los Angeles-based video streaming site Hulu has acquired Vhoto , a developer of computer vision and machine learning software, according to reports. The deal apparently occurred sometime in late 2015. Financial details of the deal were not announced.

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TuSimple Aims At Self Driving Vehicle Market

socalTECH

The company says it has been developing its systems since 2015. The company's co-founder is Xiaodi Hou. TuSimple says it is the only San Diego company to have a permit for testing autonomous vehicles in California.

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