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Pathway Genomics Lands Investment From Google

socalTECH

San Diego-based Pathway Genomics has scored an investment from Google , the two said Wednesday, as part of an investment out of IBM''s Watson Group. IBM said the investment comes out of its $100 million fund for Watson-related startups. pathway genomics google investment venture capital' READ MORE>>.

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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' in funding. in funding.

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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 Miramar and Okapi are in Orange County, and Qualcomm is in San Diego. According to Welltok, it raised its new $22.1M

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Cloud Leaders Shrug at IBM’s $34B Red Hat Deal

Xconomy

IBM’s planned $34 billion deal to acquire open-source software maker Red Hat is a hefty price to pay to give its cloud computing business a shot in the arm. In some ways, the biggest software acquisition of all time could be a yawner.

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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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Women Inspire NYC’s Tech Startups to Dream Bigger

Xconomy

In fact, I put myself through NYU Stern while working for companies like IBM, Prudential, and Merrill Lynch, and joined Goldman Sachs upon graduation. As a native New Yorker, it may not come as much of a surprise that growing up I wanted to work in finance.

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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.