socalTECH

DECEMBER 14, 2015

Elon Musk , the billionaire technology mogul behind SpaceX, has put some money behind--surprisingly--an effort to help developer artificial intelligence research.

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APRIL 23, 2019

Los Angeles-based March Capital is the lead investor in an artificial intelligence startup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificial intelligence, and machine learning startups in the enterprise.

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socalTECH

MAY 15, 2019

A brand new, Los Angeles-based artificial intelligence startup, Halla , announced on Wednesday that it has raised $1.4M in its seed funding round, to help it expand its development of personalization technology for online grocers. The company said it has now raised a total of $1.9M

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NOVEMBER 13, 2019

Los Angeles-based ringDNA , which develops artificial intelligence software for the sales market, has added a new sales coaching product that uses artificial intelligence to help improve sales teams. Pricing on the new product was not announced. READ MORE>>.

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NOVEMBER 3, 2021

San Diego-based Model Medicines, a company that is developing artificial intelligence and machine learning software for the drug discovery and development process, has raised $4.1M According to the company, it will use the funding to develop its therapeutic pipeline. in a funding round.

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socalTECH

OCTOBER 16, 2017

Los Angeles- and South San Francisco-based Unity Influence , a developer of influencer advertising software, has raised $1M in funding, according to the company. Unity Influence is using machine learning and artificial intelligence tools to connect advertisers with "micro-influencers".

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JULY 12, 2017

Laguna Hills-based Ephesoft , a developer of document capture software, has raise $15M in a Series A funding, the company said this week. Ephesoft develops machine learning software which is used to capture, extract, and analyze unstructured content from financial, federal, insurance, mortgage, and healthcare documents.

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socalTECH

DECEMBER 17, 2021

Los Angeles-based Elementary, which is developing artificial intelligence, machine vision software for the manufacturing industry, said Thursday that it raised $30M in its Series B funding. Elementary is focusing its machine learning and artificial intelligence efforts on automating inspections in manufacturing.

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socalTECH

OCTOBER 20, 2017

Los Angeles-based Trace , a developer of mobile apps which automatically track your sports activity using sensors, video, and artificial intelligence, has scored a round of investment from Intel Capital. Size of the funding round was not announced. READ MORE>>.

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Xconomy

NOVEMBER 25, 2019

Those tools—artificial intelligence and machine learning, 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. Andreessen Horowitz, also.

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socalTECH

DECEMBER 11, 2018

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. According to Veritone, Apis has offered to acquire all of its outstanding shares for $10.26 per share in cash.

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APRIL 23, 2019

Los Angeles- and Austin-based Slingshot Aerospace , the venture-backed developer of artificial intelligence 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).

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socalTECH

DECEMBER 13, 2016

The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M

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APRIL 15, 2020

Frame AI is a developer of artificial intelligence and machine learning 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.

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socalTECH

FEBRUARY 16, 2016

Irvine-based cybersecurity software developer Cylance said today that it has entered into a strategic partnership with In-Q-Tel , the investment arm of the U.S. intelligence community. The company said the agreement will support further development of its artificial intelligence and machine learning technology.

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AUGUST 13, 2021

Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificial intelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machine learning platform to deliver AI-as-a-Service from discovery to deployment.

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socalTECH

JANUARY 9, 2018

According to REX co-founder and CEO, Jack Ryan, it has developed a technology platform which helps homeowners sell their homes, without going through a traditional agent or MLS. The company only charges a 2 percent, flat free.

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MAY 16, 2018

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. Osprey Data uses machine learning and artificial intelligence technology to help optimize oil and gas production, monitor oil well status, and more.

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L.A. Business Journal

AUGUST 14, 2019

Santa Monica-based venture investors March Capital Partners led a $51 million Series C round for conversational artificial intelligence developers Uniphore Software Systems Private Ltd.

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socalTECH

AUGUST 23, 2021

The company said it is developing machine learning 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 artificial intelligence search, monitoring, and natural language processing capabilities.

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OCTOBER 18, 2018

El Segundo-based CUJO AI , a developer of artificial intelligence-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.

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socalTECH

OCTOBER 7, 2014

Santa Monica-based Cornerstone OnDemand said Tuesday afternoon that it has agreed to acquire Evolv , a machine learning and data science company based in San Francisco. According to Cornerstone OnDemand, it will use the buy to bolster its big data analytics and machine learning efforts. in cash, plus assume up to 2.0M

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AUGUST 13, 2019

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>>.

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NOVEMBER 26, 2013

Los Angeles-based private equity investor Kayne Anderson Capital Advisors has backed a developer of automated, machine learning and big data, predictive analytics software called ColdLight Solutions , the company said Monday. Kayne Anderson manages around $24 billion in capital. READ MORE>>.

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NOVEMBER 5, 2018

Irvine-based Syntiant , which is developing semiconductor used for edge computing, raised $25M in its Series B funding. The funding came from Sunstone Venture Capital Fund, along with Seraph Group, plus Microsoft, Intel, Amazon, Robert Bosch, Applied Materials, and Motorola, according to the company. READ MORE>>.

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FEBRUARY 5, 2018

El Seguno-based SmartAction , which is developing artificial intelligence-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. Financial details of the recapitalization were not announced.

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OCTOBER 15, 2020

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.

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socalTECH

JANUARY 28, 2020

ServiceNow , the developer of information technology service management software which has major operatinos in San Diego, has acquired Mountain View-based Passage AI , a developer of conversational AI tools. Passage AI was founded in 2016 and had received funding from Blumberg Capital, Storm Ventures, Engineering Capital, 11.2

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socalTECH

MAY 25, 2018

Greycroft Ventures , which has a big presence in Los Angeles, has backed Silicon Valley-based BlueCart , a developer of machine learning software and other tools for the hospitality industry, to the tune of $5M. BlueCart said this week that it raised $5M in its Series B-1 funding, bringing its total raised to $22M.

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socalTECH

FEBRUARY 5, 2020

Irvine-based NGD Systems , a company developing "computational storage" devices which can run AI, machine learning, and analytics functions within data storage devices, has raised $20M in a Series C funding, the company said this morning. The funding was led by MIG Capital, and also included Western Digital Capital Global, Ltd.

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Xconomy

DECEMBER 27, 2018

[ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificial intelligence. startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machine learning companies, Saxena believes A.I. As chairman of Austin, TX-based A.I. technologies.

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socalTECH

JANUARY 23, 2020

San Diego-based Kneron , a developer of artificial intelligence software, has raised $40M more in Series A funding, from investor Horizons Ventures. The company also has raised funding from Alibaba Entrepreneurs Fund, CDIB, Himax Technologies, Qualcomm, Thundersoft, and Sequoia Capital. Kneron was founded in 2015.

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socalTECH

NOVEMBER 4, 2021

Irvine-based Huckleberry, a developer of an artificial intelligence-driven app which helps parents with pediatric sleep advice, says it has raised $12.5M Huckleberry said that sleep has a "critical role" in "laying the foundation of a baby's future, particularly with cognitive and motor skill development."

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socalTECH

MARCH 28, 2019

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 Artificial Intelligence in the enterprise.

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socalTECH

FEBRUARY 6, 2019

San Diego-based AlphaTrAI , a fintech startup backed by Analytics Ventures, says it has connected with QuantConnect, the developer of an open trading engine, to run its AI software. AlphaTrAI says it has developed artificial intelligence software which can pick, trade, and manage stocks better than humans.

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socalTECH

SEPTEMBER 10, 2018

Los Angeles-based private equity investor Shamrock Capital reports this morning that it has led a $30M investment in Pixellot , an Israeli firm developing automatic, artificial intelligence-driven software for producing streaming sports video. Pixellot has now raised more than $40M in funding.

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socalTECH

AUGUST 4, 2020

Irvine-based Syntiant , a developer of processors used for artificial intelligence applications, has raised $35M more in the company's Series C funding round. Syntiant develops low power chips used for neural networking, and edge-based artificial intelligence (AI) applications, including voice recognition.

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