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Drata Takes $25M For Security, Compliance Software

socalTECH

San Diego-based Drata, a startup working on security and compliance automation software, said it has raised $25M in its Series A funding. The company said its founders previously started a company called Portfolium, which was acquired by Instructure in 2019. Photo: Drata's founders).

Software 113
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Mosaic Connects With $18.5M

socalTECH

San Diego-based Mosaic, a fintech startup developing software to help CFOs make financial decisions, said last week that it has raised $18.5M The company was founded in April of 2019. in its Series A funding. The funding was led by General Catalyst, and also included Felicis Ventures, Village Global and XYZ Ventures.

San Diego 113
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Brain To Roll Out Autonomous Robots At Walmart

socalTECH

San Diego-based robotics and artificial intelligence software developer Brain Corp. said on Monday that Walmart Stores will be rolling out a fleet of robots, powered by its software, starting in early 2019. Brain develops computer vision and artificial intelligence software, specifically aimed at navigation.

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DivX Sues Netflix, Hulu Over Patents

socalTECH

DivX , the streaming video software developer which was started in San Diego, has filed patent infringement lawsuits against both Netflix and Hulu , accusing the firms of usings its video streaming intellectual property. Netflix (court case number 2:2019-cv-01602) and DIVX, LLC et al (court case number 2:2019-cv-01606).

Netflix 113
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Brain Corp. Claims Record Sales As Robotics Takes Off

socalTECH

San Diego-based artificial intelligence software developer Brain Corp says it is saw "record sales and revenue growth" in 2019, on strong retailer demand for autonomous, mobile robots. The company said its software is now used on approximately 10,000 robots.

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Pacific Consolidated Buys Saucey, Emjay

socalTECH

PCH) announced on Wednesday that it has acquired both alcohol delivery and logistics platform Saucey , as well as cannabis delivery and retail software developer Emjay. markets, including reater Los Angeles, San Francisco, San Diego, Sacramento, New York City, Chicago, Washington, D.C., READ MORE>>.

San Diego 113
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VC Trends in 2019: More Money, Fewer Deals But Women Still Get Less

Xconomy

If you’ve been following venture capital trends, what you expected to happen in the first quarter of 2019 did: More money is being invested in fewer deals, and women founders still are getting less of it than men. Venture firms sent $32.6