Report: Apple acquires Seattle-based AI, machine learning company Turi

DSTLD, a two-year-old denim brand, is in fundraising mode. It received angel rounds from institutional investors like CrunchFund and Arena Ventures. But when it came time to raise a Series A, founders Mark Lynn and Corey Epstein decided to do something different: They’re calling on their customers to invest in the brand.  In 2012, President Obama signed a new act that allowed anybody to invest in companies—not just accredited investors who tend to be high net worth individuals.  It’s taken several years for the government to create the regulations to ensure that everyday investors would be protected from fraud and exploitation. But today it’s possible for anybody to help fund a company.  DSTLD is the first fashion brand to take advantage of this new regulation. As a direct-to-consumer e-commerce brand with…


Link to Full Article: Report: Apple acquires Seattle-based AI, machine learning company Turi