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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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Snap accelerator names its latest cohort

TechCrunch LA

SketchAR — this Lithuanian company is developing an AI-based mobile app for teaching drawing using augmented reality. Stipop — a Seoul-based sticker API developer with a library of over 100,000 stickers created by 5,000 artists. The latest cohort from Snap’s Yellow accelerator.

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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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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. in cash for Clustree, which is based in France.

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Ferret Finds $4M For AI Tools

socalTECH

The company said it is developing machine learning algorithms which help users determine who they can trust in real time. The company said the funds will go towards the acquisition and collection of data, and also go to expand its artificial intelligence search, monitoring, and natural language processing capabilities.

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Fairway Technologies Buys IT Strategists

socalTECH

Financial terms of the acquisition were not announced. IT Strategists was founded by Frank Bell, and had focused on data warehousing, big data development, machine learning, artificial intelligence, and web development. READ MORE>>.