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Wazee Digital Acquired By Veritone

socalTECH

Veritone is a developer of artificial intelligence software used to analyze audio, video and other data sources. Wazee Digital had net revenues of over $19M in 2017, according to the companies. Veritone said it paid $15.0M for Wazee Digital, split between $7.5M in cash and $7.5M in Veritone common stock.

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India’s Haptik acqui-hires Los Angeles startup Convrg in international expansion push

TechCrunch LA

On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in North America. Founded in 2017, Convrg has made a name for itself by developing several popular chatbots and voice products. You can’t expand in the U.S. sitting in India, or on a plane.”.

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IBM Watson Health Launches Imaging Effort for Cancer, Other Diseases

Xconomy

She’s referring to how much Watson Health has spent on growth , including acquisitions like Merge and Truven Health Analytics. The first commercial product to come out of the effort is likely to hit in 2017. LeGrand calls the approach “augmented intelligence,” as opposed to artificial intelligence.

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Startups Weekly: VCs are drunk on beverage startups

TechCrunch LA

As Amex scoops up Resy, a look at its acquisition history . The firm was launched in 2017 by general partners Eva Ho and TX Zhuo, formerly of Susa Ventures and Karlin Ventures, respectively. Takeaways from KubeCon; the latest on Kubernetes and cloud-native development . Fundraising. Extra Crunch.

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A Chat With Jamie Montgomery On How LA's Tech Ecosystem Has Grown

socalTECH

We're also excited about the areas around artificial intelligence for certain verticals. The LIDAR, the sensors, the software, what's been developed for and by the aerospace industry, JPL, and local universities. They're acquisitive, have cashed up, and lots of them are now looking at repatriating money to the US.