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Santa Barbara Investors Back Solvvy

socalTECH

The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M Solvvy says it has raised $4.5M Solvvy is based in Palo Alto. READ MORE>>.

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Cylance Finds New Funding From In-Q-Tel

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Irvine-based cybersecurity software developer Cylance said today that it has entered into a strategic partnership with In-Q-Tel , the investment arm of the U.S. intelligence community. The company said the agreement will support further development of its artificial intelligence and machine learning technology.

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Kutcher, Oseary Back Gigster Next To Michael Jordan

socalTECH

Ashton Kutcher and Guy Oseary 's Sound Ventures, which is based in Los Angeles, has made an investment in the Series B funding round for San Francisco-based software development provider Gigster , in a round that also included basketball legend Michael Jordan. READ MORE>>.

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Connectifier Acquired By LinkedIn

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Costa Mesa-based Connectifier , the artificial intelligence software developer led by John Jersin, has been acquired by LinkedIn , the companies said Thursday afternoon. Connectifier was developing automated software to help companies with their recruiting, and had raised around $12.0M READ MORE>>.

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Trio Of SoCal Investors Back Welltok

socalTECH

Three, local venture capital investors -- Miramar Venture Partners , Okapi Venture Capital , and Qualcomm Ventures -- are part of a group investing $22.1M in healthcare software developer Welltok , which announced a big funding round this morning. According to Welltok, it raised its new $22.1M READ MORE>>.

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Tourmaline Labs Raises Funding, Names New CEO

socalTECH

San Diego-based Tourmaline Labs , a startup developing location-aware smartphone software for mobile apps hsa raised a round of funding, and appointed a new CEO. According to Torumaline Labs, it has received an investment from ClearVision Equity Partners, and appointed Marc Brungger as its new CEO. READ MORE>>.

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How MakeSpace Recently Closed $30 million in New Funding

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million in capital to build out its operations in 4 cities: New York City , Los Angeles , Chicago and Washington D.C. years of software development. We’ve built warehouse software that helps us massively reduce the time it takes to unload inventory and pick, pack & ship back to you when you’re ready.