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ServiceNow Acquires Passage AI

socalTECH

ServiceNow , the developer of information technology service management software which has major operatinos in San Diego, has acquired Mountain View-based Passage AI , a developer of conversational AI tools. Passage AI was founded in 2016 and had received funding from Blumberg Capital, Storm Ventures, Engineering Capital, 11.2

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Moonshots Capital Leads Investment In Startup Uncovering Propaganda, Bot Farms

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Los Angeles-based Moonshots Capital is the lead investor in the seed round of a startup, New Knowledge , which developed the artificial intelligence software which uncovered a large-scale Russian effort to influence U.S. presidential elections. According to New Knowledge, it has raised $1.9M

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Zingle Acquired By Medallia For $42M

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Carlsbad-based Zingle , a developer of mobile messaging and customer experience software for the hospitality, travel , and retail markets, has been acquired by San Francisco-based Medallia , a provider of customer experience management software. Medallia said it will pay approximately $42M in cash for Zingle.

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Boost.ai, Backed By $5M, Opens HQ In Santa Monica

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Boost.ai , a European startup which is developing conversational artificial intelligence (AI) software for banks, financial institutions, and other enterprises, said this morning that it has set up shop in Santa Monica, setting up its North American headquarters here as it expands to the US. was founded in 2016.

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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 President, Jeff Curie, was also an executive at Access360, IBM, and SupplyFrame.

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XOKind Finds $1.6M For AI Travel Agents

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San Diego-based XOKind , a new startup focused on building artificial intelligence software for the travel market, has raised $1.6M Nervana Systems was acquired in 2016 by Intel. Section 32 is the venture capital fund led by former Google Ventures CEO and founder Bill Maris, which is also based in San Diego.

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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. TVC Capital has also been a big supporter of socaltech over the years. What was the biggest lesson you learned over the past year?

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