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San Diego-based Nervana Systems , a startup developing hardware specifically aimed at artificialintelligence software, has raised $600,000 in a funding round. The company--led by Naveen Rao--says it is developing computer hardware specifically for "deep learning". Aditya Agrawal, Ruchi Sanghvi, and SV Angels. READ MORE>>.
for its hardware-based, machinelearning tools, according to the company. AME Cloud Ventures, and Fuel Capital. Nervana is developing machinelearning technology--including software and hardware--which is being targeted at a wide range of areas. San Diego-based Nervana System has raised $3.3M READ MORE>>.
Los Angeles-based Postie , a new startup focused on using machinelearning and "quant marketing" to direct mail, said on Tuesday that it has raised $3.5M Postie says its tools use machinelearning to provide automation of direct mail, handling everything from testing and optimization to audience modeling and attribution.
Santa Monica-based BlockFraud , a developer of machinelearning and artificialintelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. The funding was led by Palisades Venture Capital. BlockFraud is led by CEO Massimo Cristini.
The startup--backed by Cota Capital, Civilization Ventures, Plug and Play, and 415--says that Quleap automated small molecule, synthesis planning, and a cloud engine for simulating biomolecules.
San Diego-based Reveal Biosciences , a startup applying artificialintelligence (AI) and machinelearning to pathology, has received a round of funding from Intel Capital , the corporate venturing arm of microprocessor giant Intel. Size of the investment in Reveal Biosciences was not announced.
March Capital Partners , the Los Angeles-based venture capital firm, has raised $300 million for its latest fund. ” Those two themes are borne out in the support March Capital has provided for The Hive , an artificialintelligence-focused incubator, and The Fabric , an infrastructure and internet of things-focused incubator.
Santa Monica-based software developer Sixgill has launched a new product this morning, saying it has unveiled a new application called HyperLabel, which helps developers, engineers, and data scientists implement machinelearning. Sixgill is venture backed by DRW Venture Capital and Mobile Financial Partners. READ MORE>>.
Los Angeles-based March Capital is the lead investor in an artificialintelligence startup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificialintelligence, and machinelearning startups in the enterprise.
A brand new, Los Angeles-based artificialintelligence startup, Halla , announced on Wednesday that it has raised $1.4M According to Halla, the funding was led by E&A Venture Capital, an early stage food industry investor, and also included SOSV. The company said it has now raised a total of $1.9M
San Diego-based Erasca , a company which is using artificialintelligence to drive the discovery and development of new oncology drugs to help cure cancer, has raised $64M in a Series A funding, the company said this morning. According to the company, the new funding will to towards.
Burbank-based Shag Enterprises Inc, an artificialintelligence company that’s created a predictive platform for online ordering, announced on May 15 it raised $1.4 million in seed funding led by New York-based E&A Venture Capital.
Core Innovation Capital. Managing Directors: Tx Zhuo and Eva Ho Investment interests: Data, artificialintelligence-enabled technologies, and automation being applied to enterprise software, financial services, marketplace, and digital health. Moonshots Capital. www.corevc.com. Fund size: $100M fund. Okapi Ventures.
The funding came from Capital Zed, ECA Ventures, Paradigm Talent Agency, ROAR, the Tech Coast Angels, plus WME. The company says its uses artificialintelligence, machinelearning, and social data to help match brands to audiences and influencers on Facebook, Instagram, Twitter, Snapchat and YouTube.
Los Angeles-based ringDNA , which develops artificialintelligence software for the sales market, has added a new sales coaching product that uses artificialintelligence to help improve sales teams. Pricing on the new product was not announced. READ MORE>>.
Unity Influence is using machinelearning and artificialintelligence tools to connect advertisers with "micro-influencers". Los Angeles- and South San Francisco-based Unity Influence , a developer of influencer advertising software, has raised $1M in funding, according to the company. READ MORE>>.
San Diego-based Model Medicines, a company that is developing artificialintelligence and machinelearning software for the drug discovery and development process, has raised $4.1M in a funding round. The funding came from 8VC, Irving Investors, Particle X and Nex Cubed.
Los Angeles-based Elementary, which is developing artificialintelligence, machine vision software for the manufacturing industry, said Thursday that it raised $30M in its Series B funding. The funding was led by Tiger Global, and also included Threshold Ventures, Fika Ventures, Fathom Capital, Riot VC, and Toyota Ventures.
San Diego-based Qualcomm announced on Wednesday that it has launched a brand new, venture capital investment fund, which will focus only an artificialintelligence. The first investment out of the fund is in AnyVision , a startup working on face, body, and object recognition. READ MORE>>.
Los Angeles-based Moonshots Capital , the venture capital investment firm led by Kelly Perdew and Craig Cummings, has raised its first official fund, a $19M seed stage venture fund. Moonshots said the new fund will focus on seed stage deals, holding reserve capital for follow-on pro rata.
Los Angeles-based Trace , a developer of mobile apps which automatically track your sports activity using sensors, video, and artificialintelligence, has scored a round of investment from Intel Capital. Size of the funding round was not announced.
Those tools—artificialintelligence and machinelearning, respectively—have been around for decades, but in recent years have become faster and cheaper, accelerating their use by those in the business of discovering and developing new drugs.
Costa Mesa-based Veritone , a developer of artificialintelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. According to Veritone, Apis has offered to acquire all of its outstanding shares for $10.26 per share in cash.
Los Angeles- and Austin-based Slingshot Aerospace , the venture-backed developer of artificialintelligence software for processing satellite, aerial, and drone imaging, said this morning that it has won a $6M contract award, from the Air Force Space and Missile Systems Center (SMC).
The startup--which was co-founded by Kenny Daniel, who was recently pursuing a PhD in ArtificialIntelligence at USC--says that it has created an online platform to let software engineers find different algorithms for us. The funding came from Madrona Venture Group, Rakuten Ventures, Deep Fork Capital, and angels. READ MORE>>.
Los Angeles-based Pearl , the machinelearning startup which was spun out of advertising AI software startup GumGum , has raised $11M in a funding round, which came from Craft Ventures, as well as un-named strategic investors.
The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machinelearning and artificialintelligence software developer Solvvy. Solvvy says it has raised $4.5M
Frame AI is a developer of artificialintelligence and machinelearning used by companies to understand customer churn and behavior. Frame AI said this morning that it raised $6.3M in its Series A funding round, which was led by G20 Ventures and Greycroft.
San Diego-based Deckard Technologies , a new startup founded by serial entrepreneur Neil Senturia, said on Monday that it has raised $4M in funding and launched a new company focused on using artificialintelligence (AI) to identify property tax scofflaws. The company said its latest funding was worth $500,000.
San Diego-based TealTech Capital , a new, $60M venture investment fund backed by Torrey Pines Investment, has launched its new investment fund, and made its first investment. TealTech said today that it has made is first investment, in TealNet Mobile Medical Office (MMO) , a startup focused on point-of-care diagnostics and telemedicine.
EvoNexus says it is looking for fintech startups in the areas of artificialintelligence/machinelearning, bank/wealth/payment technology, capital markets technology, cybersecurity, blockchain, mobile payments, P2P lending, digital cash, InsurTech, RegTech, data science and predictive behavior analytics.
Los Angeles-based venture investor TenOneTen Ventures is one of the investors in a newly launched startup, which is looking to use artificialintelligence and DNA testing to identify autism and other medical conditions. The startup recently graduated from Y Combinator, and is based in the Bay Area.
Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificialintelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machinelearning platform to deliver AI-as-a-Service from discovery to deployment.
Los Angeles-based fintech startup InvestCloud and seed-stage venture capital fund Stage Venture Partners have announced a new collaboration, where Stage will move into InvestCloud's "Innovation Center" in Los Angeles. Stage says it recently raised its second fund. READ MORE>>.
Ryan said that the company uses artificialintelligence and machinelearning--plus such things are social media and targeted advertising--to find prospective home buyers for homes. The company only charges a 2 percent, flat free. READ MORE>>.
Osprey Data uses machinelearning and artificialintelligence technology to help optimize oil and gas production, monitor oil well status, and more. San Juan Capistrano-based OspreyData , a developer of data analytics software used for the oil and gas business, says it has raised $5M in a series A funding round.
Santa Monica-based venture investors March Capital Partners led a $51 million Series C round for conversational artificialintelligence developers Uniphore Software Systems Private Ltd.
The company said it is developing machinelearning algorithms which help users determine who they can trust in real time. The company said the funds will go towards the acquisition and collection of data, and also go to expand its artificialintelligence search, monitoring, and natural language processing capabilities.
El Segundo-based CUJO AI , a developer of artificialintelligence-based cybersecurity software for telecom network operators, has raised a round of growth capital from KPN Ventures, the company said this morning. KPN Ventures is the corporate venture capital arm of Netherlands-based KPN, a large telecom company.
San Diego-based AlphaTrAI , a fintech startup which is backed by venture capital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. the founder of Hightree Advisors, to its advisory board.
El Seguno-based SmartAction , which is developing artificialintelligence-driven, call center automation software, said today that it has raised funding in a management recapitalization by private equity investors Staley Capital and TVC Capital. Staley Capital is based in Boston, and TVC Capital is based in San Diego.
Los Angeles-based venture investor March Capital is the lead investor in a $51M, Series C funding round for Uniphore , which also included Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family, and others. March Capital's investment in Uniphore was led by Sumant Mandal. READ MORE>>.
The summit is now associated with March Capital Partners (www.marchcp.com). What's your role at March Capital? What's your role at March Capital? Meredith Finn: I joined March Capital at the beginning of the year. That carried through to March, where the big theme is ArtificialIntelligence in the enterprise.
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