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Seed Health Acquires Auggi

socalTECH

Los Angeles-based Seed Health, which is focused on microbial sciences, says it has acquired Auggi, a digital health company which develops artificial intelligence and machine learning software to track and analyze digestive health. Financial details of the acquisition were not announced.

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Retina Launches AI, Machine Learning Tool For E-commerce Companies

socalTECH

Los Angeles-based Retina , a startup which develops machine learning and artificial intelligence software for predicting customer lifetime value (CLV) of a company's customer, said it has launched a new tool that it is offering up to small to middle-market e-commerce businesses.

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Lantern Credit Buys Machine Learning Technology

socalTECH

Newport Beach-based Lantern Credit , a fintech startup focused on the consumer credit market, said this morning that it has acquired a set of software used for machine learning. Financial details of the acquisition were not announced.

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Snap accelerator names its latest cohort

TechCrunch LA

TRASH — using this machine learning-based video editing toolkit, users can quickly create and edit high-quality, short-form video. Since launching the platform in 2018, startups from the Snap accelerator have gone on to acquisition (like Stop, Breathe, and Think, which was bought by Meredith Corp.)

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Veritone Gets Acquisition Bid From Apis Capital Management

socalTECH

Costa Mesa-based Veritone , a developer of artificial intelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. According to Veritone, Apis has offered to acquire all of its outstanding shares for $10.26 per share in cash.

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GoSecure Acquires Covail

socalTECH

Financial terms of the acquisition were not announced. GoSecure said it will use Covail's expertise in artificial intelligence (AI) to augment its platform. La Jolla-based GoSecure, a provider of managed security services, said today that it has acquired Covail, a security and risk optimization and automation company.

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Cornerstone OnDemand Acquires Clustree

socalTECH

announced on Thursday that it has acquired Clustree , a developer of artificial intelligence software that uses machine learning and algorithms to match an organization's employees' skills with specific job roles. Santa Monica-based Cornerstone OnDemand. Cornerstone OnDemand said it agreed to paid approximately $18.5M