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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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Zingle Acquired By Medallia For $42M

socalTECH

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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Netradyne Raises $21M For Vision Recognition Tech

socalTECH

San Diego-based Netradyne , a developer of artificial intelligence and "deep learning" software used for vision recognition--particularly in autonomous vehicles--has raised $21M more in a funding round. percent of the startup; Reliance had invested $16M in Netradyne in 2016. READ MORE>>.

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

socalTECH

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 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

San Diego-based life sciences equipment maker Illumina announced this morning that it has acquired Menlo Park-based GRAIL , a developer of cancer early detection technology. GRAIL is developing a multi-cancer screening test. GRAIL was spun out of Illumina in 2016 as a standalone company. billion in cash and $4.5

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The Five Major Tech Trends of 2016

Xconomy

As we draw closer to the end of 2016, it is important that we take a moment to look back and reflect on all of the ways technology has inspired us, and transformed the way we live and do work. To augment and overcome physical distance, we are starting to use drones, virtual reality, and driverless cars. percent of digital buyers in the U.S.