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Avalon Ventures Gets Exit At Cloudant

socalTECH

San Diego-based venture investor Avalon Ventures has scored an exit this morning, after IBM said it has acquired Boston-based Cloudant , a developer of a NoSQL-based, cloud-based database. cloudant venture capital merger acquisition exit cloud software nosql database' Financial terms of the buy were not disclosed.

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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. Miramar and Okapi are in Orange County, and Qualcomm is in San Diego.

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MeLLmo Raises $10M More

socalTECH

San Diego-based MeLLmo , maker of the Roambi mobile business application for the iPhone, said this morning that it has raised an additional $10M in funding. Names of the investors were not disclosed. The firm said the new round of funding brings its total raised to $20M across three round of funding. READ MORE>>.

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Ada-AI Seeks to Build a Diverse Artificial Intelligence Community

Xconomy

Like a human, AI’s learning is only as good as the data it is fed,” said Manoj Saxena, former head of IBM Watson in Austin, TX, and a prominent investor in AI startups. Take, for example, facial recognition technologies that work best on white people and make the most errors on black people.

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Decoding Signal From Noise For Wall Street, With Bitvore

socalTECH

We grew that up, and did very well, and eventually sold it to IBM. I then spent a few years at IBM as their Chief Strategy Officer in their identity management area. There''s a fair amount of software and computer science involved in this area. It wouldn''t be covered in the Los Angeles Times, and not by the San Diego papers.

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Sebastian Thrun and Udacity Launch New Self-Driving Nanodegree

Xconomy

Thrun (pictured) says many software engineers working at the raft of companies now developing self-driving vehicles have trained in the technology via Udacity , the educational technology company he. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Is the Future of Cybersecurity in M&A?

Xconomy

The bigger public players – Cisco, Check Point, HP, IBM, Symantec, and others – need to continually add to their arsenal of security solutions as the threat landscape continues to evolve. In general, M&A is a natural part of the IT security market. It’s why this market segment is so attractive to venture investors. Why is this happening?