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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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Machine Learning 201: Exploring the Market for New Business

Xconomy

2016 will be remembered for many things, not least as the year that AI and machine learning stepped into the technological and cultural spotlight. Advances in applied machine learning fueled our enthusiasm for smarter, more talkative devices. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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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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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 was spun out of Illumina in 2016 as a standalone company. According to Illumina, it will acquire GRAIL for cash and stock worth $8 billion.

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XOKind Finds $1.6M For AI Travel Agents

socalTECH

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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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

View the Slideshow A little more than a year ago, amid a resurgence in San Diego’s software sector, Xconomy identified a baker’s dozen of local tech companies to watch in 2016. Tim Rueth, a UC San Diego entrepreneur in residence and member of the EvoNexus selection committee, also screened the list, and offered his perspective.

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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.