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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 machinelearning. Financial details of the acquisition were not announced.
TRASH — using this machinelearning-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.)
San Diego-based Fairway Technologies , a provider of consulting services in the IT area, said it has acquired Los Angeles-based IT Strategists , a provider of big data and data-driven IT consulting. Financial terms of the acquisition were not announced. READ MORE>>.
El Segundo-based Fetch Technologies , the developer of data aggregation and analysis software which was a spinout of USC's Information Sciences Institute, has been sold to New Jersey-based Connotate. According to Connotate, former Fetch CEO Ryan Mullholland becomes President of the firm with the acquisition. in funding. READ MORE>>.
Two, San Diego-based software development and integration companies-- Solekai Systems and Fairway Technologies --said this morning that they have merged into a new company. Financial details of the merger were not announced. According to both companies, they will continue to operate under their respective names. READ MORE>>.
Costa Mesa-based Veritone , a developer of artificialintelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. The company is led by longtime technology startup veterans Chad and Ryan Steelberg, and one of its biggest investors is Acacia Research.
ServiceNow , the developer of information technology service management software which has major operatinos in San Diego, has acquired Mountain View-based Passage AI , a developer of conversational AI tools. ServiceNow said it expects to complete the acquisition by the end of Q1. Financial details of the buy were not announced.
Irvine-based Bitvore , the big data, artificialintelligence, and data analytics startup, has upped its latest funding round to $14.2M, as part of what appears to be an ongoing $17.75M funding effort. The company's CEO, Jeff Drake, was a founder at Access360 (acquired by IBM), and also served at IBM, Akana, and ServiceMesh.
Los Angeles-based artificialintelligence developer Boundless Mind , which is uses AI to personalize the interaction of users on apps, has been acquired by New York-based Thrive Global , a startup founded by Arianna Huffington focused on behavior change. Financial terms of the acquisition were not announced.
Nimble VR was formerly known as 3Gear Systems, and was founded by Rob Wang, Chris Twigg, and Kenrick Kin, and develops skeletal hand tracking technology that uses machinelearning and computer vision techniques. 13th Lab''s technology is used to acquire 3D models of the real world. READ MORE>>.
Costa Mesa-based artificialintelligence software developer Veritone said late Wednesday that it has acquired the software and intellectual property of Atigeo Corporation. Financial details of the acquisition were not announced. The company also said it plans to hire former Atigeo data scientists and software engineers.
Santa Barbara-based Sonos said on Wednesday afternoon that it has acquired Snips , a developer of an artificialintelligence platform for enabling voice interaction with connected devices. According to Sonos, it paid approximately $37.5M for Snips, subject to purchase price adjustments and holdbacks. READ MORE>>.
So I think it’s safe to say that any technology that can make the process easier is welcome by all. It has developed technology to give people a way to pay bills outside of traditional methods, such as through the mail, over the phone or via a Web portal. Paying bills is hardly a fun thing. It’s a true universal payment method.”.
Costa Mesa-based Veritone , which develops artificialintelligence software, said today that it has acquired Machine Box , a developer of machinelearningtechnology. The deal was worth approximately $5.0M, including $2.0M upfront plus up to $3.0M in earn out, split between Veritone stock and cash.
Financial terms of the acquisition were not announced. Q CELLS said it will use Geli's artificialintelligencetechnology for the C&I distributed energy market, to be able to provide integrated energy solutions through packaged hardware and software capabilities (solar+storage).
Santa Monica-based augmented reality, air combat training technology developer Red 6 said on Thursday that it has added Dr. Will Roper, former Assistant Secretary of the Air Force for Acquisition, Technology and Logistics (AT&L).
San Diego-based digital identity verification provider Mitek said on Monday that it has acquired ID R&D, a provider of artificialintelligence (AI)-based voice and face biometrics and liveness detection technology. According to Mitek, it will use the acquisition to help battle biometric identity fraud.
Cylance, develops artificialintelligence-based cybersecurity software, which detects and reacts to cybersecurity threats. The company was founded in 2012, and was venture backed by Blackstone Tactical Opportunities, Dell Technologies Capital, Citi Ventures, and Insight Venture Partners, among others.
Venice, California-based Snap said on Wednesday that it has acquired Fit Analytics, which is developing machinelearningtechnology which helps people figure out what clothing or shoes might fit them best. Financial terms of the acquisition were not announced.
San Diego-based Human Longevity , a provider of precision health analytics, said today that it has acquired DoctorsForMe , which matches patients to doctors using artificialintelligence and big data technology. Financial terms of the acquisition were not announced.
Costa Mesa-based Connectifier , the artificialintelligence software developer led by John Jersin, has been acquired by LinkedIn , the companies said Thursday afternoon. In a loss for Orange County's technology industry, Connectifier said that much of its team is relocating to the Bay Area as part of the acquisition.
San Diego-based life sciences equipment maker Illumina announced this morning that it has acquired Menlo Park-based GRAIL , a developer of cancer early detection technology. Illumina and GRAIL said the acquisition is split between $3.5 According to Illumina, it will acquire GRAIL for cash and stock worth $8 billion.
On the day after Intel announced its acquisition of San Diego machinelearning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out.
San Diego-based Nervana Systems , a developer of artificialintelligence and "deep learning" technology, has been acquired by Intel , in a deal that is reportedly worth $350M. Nervana was working on artificialintelligence software and hardware. READ MORE>>.
It was an eventful year for the artificialintelligence industry. The sector saw more big venture capital deals and acquisitions , while researchers kept plugging away on technology advances. Meanwhile, A.I. developers continued to grapple with issues around transparency, trust, and ethics.
2018 was a year of ups and downs for the business and technology community. It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. Artificialintelligence and cybersecurity remained front and center in tech, as new.
San Diego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies , a developer of video tracking technology for the traffic management market. The deal was worth $87M in cash.
Newport Beach-based Veritone , a developer of cloud-based, artificialintelligence software, says it expects its IPO to be between $14.00 Veritone's CEO is technology startup veteran Chad Steelberg. and $16.00 per share, as it launches its roadshow. billion price tag.
The Mobile Majority said it is adding talent in product development, UI, backend, high speed API integration, operations, and machinelearning. themobilemajority mobile majority growth jobs hiring advertising technology merger acquisition brazil elastic expansion' The Mobile Majority is led by Rob Emrich. READ MORE>>.
We've taken the latest change in technology and motor sports, and everything, which has been under-represented online, and built Donut Media. I had seen how things were working over there, and went through a number of acquisition. However, that has changed a bit with technology like the GoPro, drones, and ability to do this digitally.
The move is part of Haptik’s broader strategy to both expand its technology expertise and team and business overseas, Aakrit Vaish, cofounder and CEO of Haptik, told TechCrunch in an interview. Vaish is already in talks with a handful of other startups and is open to more acquisitions, he said. You can’t expand in the U.S.
Most of their new claims to innovation are acquired through mergers and acquisitions from the entrepreneurial pipeline. Existing technologies have been “commoditized” globally. Many countries have learned to make products cheaper and better. New emerging manufacturing technologies (e.g.,
But it turns out VCs weren’t the only driving force behind the change in fundraising prospects for the young companies now inventing chips suited for artificialintelligence tasks, and daring to compete with giant chipmakers such as Intel (NASDAQ: INTC ) and Nvidia (NASDAQ: NVDA ), says Silicon Valley Bank ’s Matt Trotter.
Next week is the Montgomery Summit (www.montgomerysummit.com), one of the longest running technology conferences held in Los Angeles. It's now an internationally recognized showcase for technology here in Los Angeles, and we also get to showcase Southern California companies, as well. We've seen some notable successes.
But things can change in technology businesses in very short order when the company is not yet at scale (sub -$50 million in revenue) and getting greedy can be very costly to the funds' returns. Who or what do you think had the biggest impact on the technology industry in 2015? It was truly the year of the Unicorn.
Fort Worth, TX —Data analytics and visual search technologies are increasingly being used by law enforcement agencies, growth that has captured the attention of tech giant Motorola.
The name of the fund—which will back startups focused on cloud computing, machinelearning, and security, with an emphasis on technology that complements Microsoft’s own products and services—is Microsoft Ventures. Microsoft aims to get in front of technology trends earlier with the new investment vehicle.
Finance is often not relevant to people, and we decided you need a better access point to finance, and do it at scale, using technology, data, and things like machinelearning. Scott Grimes: A lot of it is for new user acquisition. It really took my team, a fantastic investment team which put in a lot of late hours.
After raising $30 million, San Diego-based Certona said it is moving to accelerate its product development, expand its sales and marketing team, and improve its client services as an e-commerce technology vendor. Certona uses the data to offer shoppers personalized options based on “real-time profiling.”. It also is a burgeoning sector.
Talk a bit about where the company was at the time of the acquisition? Most of the incumbents in the ad technology space were just not able to piece together inventory the way they wanted to buy. Keith Bonnici: One of the things that got us acquired, more than any other, was our focus on the technology side.
Eslambolchi, who had served as a LonoCloud advisor and CEO, told Caldwell he had an idea for a cybersecurity startup that would use analytic software and machinelearningtechnology to monitor the data flowing in and out of networks for anything that looks out of the ordinary. This is ‘leaning forward’ cybersecurity.”.
Nuance said the sale of the division will help it focus on its conversational AI and cloud-related technologies; Kofax said the deal will help it bolster its "Intelligent Automation" technologies. Kofax paid $400M in cash for the division. READ MORE>>.
But car companies are fighting to keep pace by becoming more nimble and collaborative, investing in autonomous technology partnerships with companies both large and small. In fact, many. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
The company also sells gadgets, such as mobile devices with large screens and big buttons, wearables that can work with those devices, and emergency alert products. Minnesota-based Best Buy (NYSE: BBY. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
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