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Techstars Los Angeles , one of the startup accelerators run by Techstars in Los Angeles, has announced its 2019 class. According to Techstars, ten companies were selected for the startup accelerator, which kicked off this week. The companies will have their Demo Day on October 15th.
Santa Monica-based GumGum , which develops artificial intelligence software for the advertising and media market, has raised $22M more in a funding round, the company said on Thursday. GumGum said it had $155M in global revenue in 2019. All three of those investors are existing investors in the company. READ MORE>>.
In 2019 we have begun to see it actually affecting us, with voice assistants, and navigational devices, calendaring assisting, suggestive actions, etc. Scott advises clients across a number of industries, including software, technology, digital media, interactive entertainment and video games, cyber security and life sciences.
Clio , a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. Clio last raised in September of 2019 when it brought in $250 million in a Series D financing. Rowe Price Associates Inc. and OMERS Growth Equity.
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).
For my partner, Craig Cummings, and I - 2019 was our first full year as Venture Capitalists! Our 2019 investment in Backtracks, a developer of podcast analytics software, has shown fantastic traction and continues to provide value to podcast creators helping them to better understand their listeners and monetize their content.
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
Santa Barbara-based Theta Lake , a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M The company's seed funding was in January of 2019. in a Series A funding. READ MORE>>.
software startups to reflect on the trends that defined the sector in 2018—and where things might be headed in 2019. Meanwhile, A.I. developers continued to grapple with issues around transparency, trust, and ethics. As part of Xconomy’s series of year-end posts , we asked a pair of CEOs of Boston-area A.I.
Irvine-based NextGen Healthcare , a provider of software for the medical, behavioral and dental provider market, has acquired Medfusion , a developer of "patient experience" software, in a deal worth $43M in cash, the company announced this morning. NextGen Healthcare said it expects the acquisition to close in early December 2019.
Are there any technology innovations, gadgets/devices, software, that you found most interesting in 2019? Valuations have continued to soar from early stage through later stage at an unsustainable rate, driven by large amounts of available capital, notably the increased presence of seed funds and PE firms in software.
We at Xconomy are excited to announce that we are honoring Mark Levin, co-founder and partner at Third Rock Ventures, with our 2019 Lifetime Achievement Award in Boston. The award recognizes Levin’s extensive contributions to the biotech industry and to the Boston life sciences ecosystem.
Irvine-based software developer Performio, which develops incentive compensation management software, says it saw 110 percent growth in North America for its FY2020, after relocating its headquarters to Irvine in 2019.
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 said Walmart expects to have 360 of the automated machines running its its store by the end of January, 2019.
If you’re like me and perpetually disoriented after you exit a subway station in a new city (remember 2019, when we could still travel?), Until now, the only way to see Live View was when you were asking for pure walking directions. Image Credits: Google. this is a godsend. And I admit that I often forget Live View exists.
CrowdStrike , the developer of cloud-based, endpoint protection software which was started and continues to have major operations in Irvine, has scored a top rating in a report from industry analyst Gartner. READ MORE>>.
The social media and communication software developer announced the numbers in its second quarter 2019 financial results. Snap's revenues grew to $388M in Q2 of 2019, with a net loss of $255M for the quarter. Santa Monica-based Snap Inc. , READ MORE>>.
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).
Los Angeles-based advertising exchange operator Rubicon Project and advertising software developer Telaria said on Thursday afternoon that the two have filed joint proxy statement and proxies, for their previously announced stock-for-stock merger. Rubicon Project said it now expects to have 2019 revenues of approximately $156M.
Santa Barbara-based Invoca , which develops call tracking and analytics tools, says it has released a new version of its software. Growth Partners, Accel, and Morgan Stanley Alternative Investment Partners, and last raised a round back in October of 2019. Invoca is backed by Upfront Ventures, H.I.G. READ MORE>>.
Goleta-based construction management software developer Procore is expected to have its IPO debut this week, planning to raise $592M at a $8.9 The company's software is used to manage construction projects, including plans, schedules, logistics, and many other aspects of that business. Procore has been eyeing an IPO since 2019.
Los Angeles-based GoGuardian, which develops software for the K-12 education market, said on Monday that it has named Michael Jonas as Co-President and Chief Operating Officer (COO). Jonas has been the CFO of GoGuardian since 2019. Jonas was previously CFO of ThriftBooks and spent 14 years at Microsoft.
Tustin, California-based THREAD , a developer of software used for managing decentralized clinical research, has raised $50 more in funding from private equity investors Water Street Healthare Partners and JLL Partners. The company was acquired by Water Street and JLL Partners last year, in 2019.
Costa Mesa-based Veritone says its artificial intelligence software was deployed for the 2019 College Football Playoff (CFP) National Championship, and was used to produce transcriptions, automated facial recognition of players and coaches, logo identification, and other tasks for the CFP's Media Day. READ MORE>>.
This service launched in Los Angeles in 2019 and starting today, it’s also available in preview in Boston, Houston and Miami. The first result of that was VMware Cloud on AWS, which allowed customers to use the same VMware software and tools on AWS they were already familiar with.
But a 2019 that started with stock market losses, a recently ended (but longest-ever) government shutdown, and other headwinds might now force consumers to pull back on spending. The big question is what’s going to happen with the economy,” says Michelle Bacharach, founder and CEO of FindMin e.
Aliso Viejo-based Smith Micro Software says it has acquired the operator business of Circle Media Labs , a developer of parental control software. in cash, and included customer contracts and a perpetual software license. The company says it the operator business is expected to report 2019 revenues of $4M.
According to reports, the move came due to the difficulty of marrying Ford and Rivian's hardware and software together. Ford made a $500M investment in Rivian in 2019. In a small post-IPO setback for Irvine-based Rivian, automaker Ford said Friday that Ford and Rivian have abandoned plans to jointly develop an EV together.
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-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.
A new analysis, by Los Angeles-based expense management software developer Emburse , shows that reimbursed employee expenses have shifted significantly in the wake of the COVID-19 pandemic. Acording to the report, spending on food delivery services grew by 110% annually, with DoorDash representing 36% of expenses submitted, with 25.1%
BlackBerry acquired in February of 2019 in a deal worth $1.4 The new business unit will include a team of over 120 software developers, architects, researchers, product leads and security experts, according to BlackBerry. According to BlackBerry, the new business unit will focus on research and development in the cybersecurity space.
Santa Barbara-based Briq , a developer of software used for financial forecasting in the construction industry, raised $10M this week, in what it says was a Series A funding round. Briq was founded by Bassem Hamdy and Ron Coldschmidt, and previously had announced $3M funding round in October of 2019. READ MORE>>.
Glendale-based Reveleer , a developer of cloud-based software used for managing medical data, has raised a Series C found of financing, the company said this week. Reveleer said that in 2019, it had more than $10M in revenues; the company is led by CEO Jay Ackerman. READ MORE>>.
Los Angeles-based conversational text messaging software developer Emotive--which is backed by CRV and others--said this week that it has named Matt Cooley as the company's President and COO. According to Emotive, Cooley was the first major investor in Emotive in 2019. The company recently raised $50M in its Series B funding round.
Irvine-based Viant Technology, a developer of advertising software, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $150M in an IPO on the Nasdaq Global Market as DSP. in net income on $164M in revenues for the year ended December 31, 2019. The company reported $9.9M
The Weidt Group orivdes energy consulting and software development, focused on the energy and operational performance of new and existing buildings for utilities. According to Willdan, The Weidt Group had approximately $14M in revenues in 2018, and that it expects the acquisition to be accretive to its earnings in 2019.
Scott Beechuk, a partner at Norwest Venture Partners , is one of the tech industry observers invited by Xconomy to look back at the technology developments of 2018, and also forecast some trends he expects to see in 2019. Palo Alto, CA-based Norwest weathers the uncertainties of technology and the economy with an investing strategy.
Trafficware's products include sensors, hardware, and software used in managing things like traffic lights, traffic synchronization, and for centralized traffic management by transportation agencies. Trafficware will add approximately $50M in sales and $14M to $15M in adjusted EBITDA in Cubic's fiscal 2019 year, according to the company.
During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions for 2019 from Southern California's technology industry. Are there any technology innovations, gadgets, devices, software, that you found most interesting in 2018?
Financial details of the four acquisition, which all closed in the first quarter of 2019, were not announced. j2 Global said the acquisition will help it grow its global customer base, provide it with access to new markets, and will expand its product lineup.
Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M Veritone has over 300 employees and had 2019 net revenues of $49.6M. in loans under the Paycheck Protection Program (PPP).
Santa Monica-based Ring has rolled out a new batch of enhancements to its software on Wednesday, saying that it ha released new features and an updated app to help its users view images from all of their devices, and to better hone alerts received from its systems. Those new features are due in early 2019, according to Ring.
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