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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.
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.
Los Angeles-based Qulab , a biopharmaceuticals startup developing artifical intelligence software aimed at small molecule drug design, said on Wednesday that it has launched its first product, Quleap. He also attended USC's Viterbi School of Engineering as a Ph.D.
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.
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.
Los Angeles-based March Capital is the lead investor in an artificialintelligencestartup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificialintelligence, and machinelearningstartups in the enterprise.
A few weeks ago, the University of Southern California announced a new startup incubator, the Viterbi Startup Garage ([link] backed by such notable investors as Kleiner Perkins Caufield & Byers and the United Talent Agency. What''s the mission behind the new startup incubator? We have a very large Ph.D.
These are heady times for using artificialintelligence to extract insights from healthcare data—in particular, from the tidal wave of information coming out of fields like genomics and medical imaging. How can startups make money in this emerging field? This story is part of an ongoing Xconomy series on A.I.
A brand new, Los Angeles-based artificialintelligencestartup, 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
Core Innovation Capital. Managing Director: Arjan Schutte, Kathleen Utecht Investment interests: Fintech startups. 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.
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.
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>>.
Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up. Haus, like any good consumer startup in 2019, is shipped directly to your door. Fundraising.
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.
In startup world these days, the word “biotech” is increasingly accompanied by “computational” and two, two-letter initialisms: AI and ML. Another startup looking to take advantage of those improvements, South San Francisco-based Genesis Therapeutics, has scored $4.1 Andreessen Horowitz, also.
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.
A new startup, Algorithmia , which was co-founded by a USC PhD student, said today that it has raised $2.4M 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.
Fridays can be the most productive work day, as you look to shore up everything before the weekend starts. This week, we’re focusing on artificialintelligence, one of the buzziest fields in tech. Fear not: Xconomy has done the work for you, bringing a smattering of some of the most interesting reads out there.
Costa Mesa-based Veritone , a developer of artificialintelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. The company is led by longtime technology startup veterans Chad and Ryan Steelberg, and one of its biggest investors is Acacia Research.
Los Angeles-based Pearl , the machinelearningstartup 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.
seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. But it’s here in the (other) Valley’s southernmost edge that investors have found a startup they consider to be the next potential billion-dollar “unicorn” that will come out of Los Angeles.
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.
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.
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, artificialintelligencestartup 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.
While current technologies are not quite advanced enough to make Westworld a reality, startups are attempting to replicate the sort of human-robot interaction it presents in virtual space. I think in this age and time, that’s not what we want to get into,” Xinjie Ma, who heads up marketing for rct, told TechCrunch.
Papaya is a Los Angeles-based startup with a mission to do just that. The company’s mobile application lets users take a photo of any bill and then its artificialintelligence-powered “bill-understanding technology” makes sure it gets paid (after a user has provided payment details, of course). In this respect, the U.S.
Carlsbad-based NextWave Ventures , a venture capital investor which focuses on commercializing early stage technology, said it has launched a new artificialintelligencestart, Apical Technology. The startup was founded by Ron St. Simoni was previously Managing Partner of Halcyon Capital Partners.
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>>.
Woodland Hills-based REX Real Estate Exchange , a startup which helps homeowners sell their homes without using an MLS, has raised $15M in a Series B funding. 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.
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s catch up a bit. Last week, I profiled an e-commerce startup Part & Parcel. Startup Spotlight: Landline.
This week I sat down with Chris Dixon, co-founder / CEO of Hunch and Partner at Founder Collective in the most recent installment of This Week in Venture Capital. Such that during that time, Chris “learned how to learn.”. 2. Chris then discussed his time as founder and CEO of SiteAdvisor, his first venture-backed startup.
“Machinelearning paired with humans always performs better,” says Barnehama. Elementary says that it can be up and running at a site in a matter of days and with businesses emphasizing cost-cutting and enabling remote work to ensure worker safety, companies are embracing the technology.
Los Angeles-based Ferret, a startup working on artificial inteligence software to help people determine who they can trust, has raised $4M in a seed funding round, according to the company. The company said it is developing machinelearning algorithms which help users determine who they can trust in real time.
A new report issued today by Silicon Valley Bank, says that startups are generally optimistic about their business opportunities, and they plan to raise capital and expand their workforces this year, despite "economic and political" uncertainty across the globe. SVB posted its full report online.
Santa Monica-based venture investor March Capital Partners (www.marchcp.com) announced last week that it has raised a second fund, worth $300M. To learn about the new fund, we sat down with Jamie Montgomery , one of the fund's co-founders, to hear about March Capital's strategy and the new fund.
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.
[ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificialintelligence. startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machinelearning companies, Saxena believes A.I. As chairman of Austin, TX-based A.I. As chairman of Austin, TX-based A.I.
Pasadena-based Virtualitics , a new startup which provides data visualization in virtual reality (VR) and augmented reality (AR) environments, and says it uses machinelearning and artificialintelligence, has raised $3M in a seed funding round. The funding came from un-named angel investors.
The temperature in California’s Palm Desert hit 107 degrees Tuesday, but indoors at Intel Capital’s Global Summit meeting, the corporate venture arm said it has invested a cool $115 million so far this year.
Los Angeles-based Camino Financial , a fintech startup offering up small business loans to Latinx businesses, announced an $8M funding round this morning, its Series A. As part of that funding, $3M in convertible notes, from DILA Capital, 10x Capital Management, and others, will convert into equity.
Initially pinned as a generative AI startup for Twitter when it first hit the headlines back in April, the xAI website seems to suggest that the new startup will remain separate from the social media platform, as well as Musk's collection of other technology companies.
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 artificialintelligence software which can pick, trade, and manage stocks better than humans.
Artificialintelligence innovation has become part of our everyday lives—retailers use it to tailor the product recommendations they make; biotech companies hope it can create customized medicine. But its shortcomings, born of human biases, are becoming apparent as well. A new organization called Ada-AI, which is based in.
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