The mobile app would be prescribed by doctors for a range of chronic diseases, pending completion of clinical trials and federal regulatory approval. Headspace announced in June the creation of a digital health subsidiary to develop a prescription meditation app, which it aims to market by 2020. Its employees will move to Headspace’s San Francisco office. The company will employ Alpine’s machine-learning technology to bring new conversational experiences to its app.Īlpine.AI, which develops voice-enabled applications, was founded in 2016. “At Headspace, we are committed to meeting people where they are, and we’ve already seen success in leveraging digital assistant platforms to improve user engagement,” said Paddy Hannon, chief technology officer, in a statement. 5 the acquisition of Alpine, which does business as Alpine.AI, but declined to disclose deal terms. The digital meditation company announced Sept. Santa Monica-based Headspace Inc., a developer of a meditation app used by millions, has acquired Alpine Inc., a developer of artificial intelligence conversation platforms based in San Francisco. The combined company is expected to transport nearly 50,000 barrels of oil and 23 million cubic feet of gas per day from 11 customers under contract in North Dakota and Texas, according to the announcement.įinancial terms of Ares’ purchase were not disclosed. The combined entity will retain the Paradigm name, management team and employee base.
The announcement said the Paradigm assets will be combined with Ares EIF’s adjacent Van Hook Gathering System, which it acquired in 2015, to form a regional midstream oil and gas platform in the Williston Basin of North Dakota and the Eagle Ford Shale of south Texas. 6 that its power and infrastructure fund Ares EIF has closed on the acquisition of the assets of Irving, Texas-based oil and gas company Paradigm Energy Partners from an affiliate of Stonepeak Infrastructure Partners of New York. 44 on the Los Angeles Business Journal’s 2018 list of Wealthiest Angelenos with an estimated net worth of $1.6 billion.Ĭentury City-based private equity firm Ares Management announced Sept. WndrCo has offices in Los Angeles and San Francisco. The venture has so far publicly focused on the $1 billion it has raised for NewTV, which Katzenberg has described as a project that will make professionally produced alternatives to short-form online videos. Katzenberg, a co-founder of DreamWorks Animation, launched WnderCo last year.
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