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ServiceNow Acquires Passage AI

socalTECH

According to ServiceNow, the deal will help it advanced its own artificial intelligence capabilities, including the addition of support for all major languages on its platform. Passage AI was founded in 2016 and had received funding from Blumberg Capital, Storm Ventures, Engineering Capital, 11.2 READ MORE>>.

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Bitvore Brings Latest Funding Round To $14.2M

socalTECH

Irvine-based Bitvore , the big data, artificial intelligence, and data analytics startup, has upped its latest funding round to $14.2M, as part of what appears to be an ongoing $17.75M funding effort. The company's CEO, Jeff Drake, was a founder at Access360 (acquired by IBM), and also served at IBM, Akana, and ServiceMesh.

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Illumina Acquires GRAIL For $8 Billion

socalTECH

Illumina said the buy will help it add a multi-disciplinary team and capabilities for next generation sequencing (NGS), population scale clinical studies, and machine learning. GRAIL was spun out of Illumina in 2016 as a standalone company. Illumina and GRAIL said the acquisition is split between $3.5

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Papaya raises $50M to give you a way to pay bills via its mobile app

TechCrunch LA

The company’s mobile application lets users take a photo of any bill and then its artificial intelligence-powered “bill-understanding technology” makes sure it gets paid (after a user has provided payment details, of course). Our cost of customer acquisition is very low relative to a lot of fintechs,” he said.

Mobile 208
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The Mobile Majority Acquires Brazilian Company

socalTECH

The Mobile Majority said it is adding talent in product development, UI, backend, high speed API integration, operations, and machine learning. themobilemajority mobile majority growth jobs hiring advertising technology merger acquisition brazil elastic expansion' The Mobile Majority is led by Rob Emrich. READ MORE>>.

Mobile 100
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SoftBank’s Arm to Include Cybereason Security Services in IoT Hub

Xconomy

Boston-based Cybereason has formed a partnership with Arm, the dominant developer of computer chip architecture, which was acquired by SoftBank in 2016. based Arm unveiled the IoT management hub in August, as it also announced its related acquisition of Mountain View, CA-based data management company Treasure Data. Cambridge, U.K.-based

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What I Learned In 2015: Jeb Spencer, TVC Capital

socalTECH

In summary, it really has been an amazing year and we look forward to supporting additional compelling software companies in 2016. What was the biggest lesson you learned over the past year? What are the technologies or things you think people out to watch in 2016? they are very rare and I have a lot of bidders. READ MORE>>.

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