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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. The company is led by longtime technology startup veterans Chad and Ryan Steelberg, and one of its biggest investors is Acacia Research.

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Red 6 Bolsters Advisors With Former Air Force Assistant Secretary

socalTECH

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).

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Boston A.I. Leaders Call for Focus on Diversity, Global Mindset in 2019

Xconomy

It was an eventful year for the artificial intelligence industry. The sector saw more big venture capital deals and acquisitions , while researchers kept plugging away on technology advances. software startups to reflect on the trends that defined the sector in 2018—and where things might be headed in 2019.

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Fetch Technologies Sold To Connotate

socalTECH

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>>.

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Veritone Raises $33M In IPO

socalTECH

Newport Beach-based Veritone , a developer of artificial intelligence and analyics software, has raised $33.0M In addition to the offering, Veritone said Acacia Research Corporation exercised a warrant to purchase an additional 2,150,335 shares of its common stock, which resulted in an additional $29.3M

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Veritone Sets Estimated IPO Pricing Range

socalTECH

Newport Beach-based Veritone , a developer of cloud-based, artificial intelligence software, says it expects its IPO to be between $14.00 Veritone is backed by Newport Coast Investments and Acacia Research; Chad Steelberg and his brother, Ryan Steelberg, own the majority of the company. and $16.00 billion price tag.

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CrowdStrike Sets IPO Pricing Range

socalTECH

CrowdStrike , the cybersecurity software developer which has a significant research and development presence in Irvine, has set its IPO pricing range, saying on Wednesday that it looking to sell 18,000,000 shares of its common stock at between $19.00 and $23.00 The company has applied to list as CRWD on the Nasdaq Global Select Market.

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