Safe Bet: Jeffrey Katzenberg’s WndrCo is getting in the digital privacy game.

Safe Bet: Jeffrey Katzenberg’s WndrCo is getting in the digital privacy game. Photo by Ringo Chiu.

Jeffrey Katzenberg’s latest investment is a digital and mobile privacy security company.

WndrCo, Katzenberg’s technology and entertainment holding company, announced Sept. 5 that it led a $295 million investment in Menlo Park-based AnchorFree Inc.

AnchorFree describes itself as the “first company to bring enterprise-level privacy and security products to consumer mobile devices, helping to protect their identities and data online.”

Other investors in the funding round include Accel Partners, 8VC and Green Bay Ventures.

Katzenberg, a co-founder of DreamWorks Animation, launched WnderCo last year. 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. WndrCo has offices in Los Angeles and San Francisco.

Katzenberg was No. 44 on the Los Angeles Business Journal’s 2018 list of Wealthiest Angelenos with an estimated net worth of $1.6 billion.

More Energy for Ares

Century City-based private equity firm Ares Management announced Sept. 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.

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. The combined entity will retain the Paradigm name, management team and employee base.

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.

Financial terms of Ares’ purchase were not disclosed.

Headspace gets High

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 digital meditation company announced Sept. 5 the acquisition of Alpine, which does business as Alpine.AI, but declined to disclose deal terms.

“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.

The company will employ Alpine’s machine-learning technology to bring new conversational experiences to its app.

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