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San Diego-based Nervana Systems , a startup developing hardware specifically aimed at artificialintelligencesoftware, 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.
Newport Beach-based Lantern Credit , a fintech startup focused on the consumer credit market, said this morning that it has acquired a set of software used for machinelearning. Lantern Credit said Korns previously has served at such companies as IBM, Tymshare Transaction Services, Xerox Imaging and Investment Science.
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 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. READ MORE>>.
It’s another indicator that the Los Angeles technology ecosystem is coming of age, but also a sign that March’s core investment strategies — to invest in companies applying artificialintelligence to business use cases and investing in the next wave transforming computing infrastructure — are paying off.
Irvine-based technology distributor Ingram Micro has made an investment in e-commerce logistics startup HDS , which is developing a robotics system which uses artificialintelligence and mobile, articulated robots for the logistics industry. HDS is based in Palo Alto, California. READ MORE>>.
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.
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. Craft Ventures is the investment firm run by former Yammer founder, David Sacks. READ MORE>>.
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.
The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machinelearning and artificialintelligencesoftware developer Solvvy. Solvvy says it has raised $4.5M Solvvy says it has raised $4.5M Solvvy is based in Palo Alto. READ MORE>>.
The company said the funding came from InReach Ventures and Taggia Investments, the personal investment vehicle of former Balderton Capital founder Barry Maloney. The company said its software moves technical data preparation tasks usually performed by IT to non-technical business users.
Anaheim-based Cogitai l, a new artificialintelligence (AI) software startup, said Tuesday that it has raised a strategic round of investment from Sony Corporation. Size of the investment was not announced. Cogitai said it is developing "core" artificialintelligencesoftware technology.
Stage is a seed-stage venture capital fund, led by Rob Vickery and Alex Rubalcava: the firm says it invests in Saas and enterprise software technology firms, and has a particular interest in artificialintelligence, computer vision and machinelearning. Stage says it recently raised its second fund.
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 artificialintelligence and machinelearning technology.
Santa Monica-based Champion Technology , which develops an artificialintelligence-powered software product for the cybersecurity area, to help improve cyber security analysis, has received a strategic investment from R9B (root9B, LLC), a provider of cybersecurity products and services.
Michelson and his wife, Alya Michelson, said it has made an investment in Boston-based AdmitHub. Financial terms of the investment were not announced. AdmitHub develops artificialintelligencesoftware designed to help guide students to and through college, and in particular is aimed at helping at-risk students.
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. Size of the investment, which was part of a larger Series B investment, was not announced.
Fund size: $400M (Fund VI) Managing Partners: Mark Suster, Yves Sisteron Partners: Greg Bettinelli, Kara Nortman, Kobie Fuller, Kevin Zhang Investment interests: Seed or A-Round investments with a median check size of $2.8 Managing Director: Bill Maris (formerly of GV/Google Ventures) Investment interests: Health care investments.
The San Diego Angel Conference, an angel investing effort which is run by the University of San Diego (USD) School of Business, says it has made investments in five companies at its conference this year, worth a total of $500,000.
Irvine-based Bitvore , the big data, artificialintelligence, and data analytics startup, has upped its latest funding round to $14.2M, as part of what appears to be an ongoing $17.75M funding effort. The company's President, Jeff Curie, was also an executive at Access360, IBM, and SupplyFrame.
San Diego- and Baltimore-based private equity investor JMI Equity is the lead backer of a developer of artificialintelligencesoftware for the healthcare industry this morning.
[ 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.
Netradyne is a developer of artificialintelligence (AI) software used in fleet safety management. According to Hyundai CRADLE, Hyundai Motor Company's corporate venturing organization, it made an investment in Netradyne, but did not disclose how much it invested in the startup.
San Diego-based machinelearning startup PointPredictive announced on Thursday that it has closed a Series A funding round. Size of the investment was not announced. PointPredicive is developing fraud and risk management software for the automotive lending, consumer lending, and mortgage lending markets.
Los Angeles-based private equity investor Kayne Anderson Capital Advisors has backed a developer of automated, machinelearning and big data, predictive analytics software called ColdLight Solutions , the company said Monday. Financial terms of the investment were not disclosed. 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. The firm--which has been making investments even before raising the official fund, announced today--has already made four investments out of the new fund.
Uniphore is a developer of conversational artificialintelligencesoftware, which is being used in call centers, and helps provide automated customer service for companies. March Capital's investment in Uniphore was led by Sumant Mandal. Uniphore's operations are split between Chennai, India and Palo Alto, California.
Managing Director: Derek Norton Investment interests: Connected consumer, Internet infrastructure, next generation e-commerce, digital media, gaming, augmented reality, artificialintelligence, consumer Internet, and some ad tech. so far in investments. Fika Ventures. Fund size: $40M. HashTagOne. hashtagone.com.
We spoke with Meredith Finn a new Partner at March Capital--who headed up that the Rise of the Female Entrepreneur sessions this year--to hear more about her perspectives on investments, what the Rise of the Female Entrepeneur was all about, March's interests in artificialintelligence and more.
GumGum , the Los Angeles-based startup that’s spent the past decade applying machinelearning technologies to advertising and sports, has spun out a new healthcare startup focused on the dental industry called Pearl. Machinelearning in the dental business can achieve four main objectives, says Tanz.
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.
Ventura-based Apollo Robotics , a new startup developing autonomous drone hardware and software aimed at automated surveying, announced this morning that it has named Rob Cammack as its Chief Executive Officer. Apollo said it is combining a multi-sensing LiDAR, HD, and thermal cameras with artificialintelligence in its drones.
Newport Beach-based Veritone , which is developing artificialintelligencesoftware used for sentiment analysis for media firms, political campaigns, corporations, and the government, said it has closed on a $50M funding agreement. The funding comes from Acacia Research.
Santa Barbara-based Theta Lake , a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M in a Series A funding. As part of the funding, Lightspeed's Arif Janmohamed joins the company's board.
Three, local venture capital investors -- Miramar Venture Partners , Okapi Venture Capital , and Qualcomm Ventures -- are part of a group investing $22.1M in healthcare software developer Welltok , which announced a big funding round this morning. Miramar and Okapi are in Orange County, and Qualcomm is in San Diego.
Los Angeles-based LegalMation , a startup which develops artificialintelligence and machinelearning-based software for litigation and law practices, has raised a round of funding, according to the company. Size of the funding was not announced.
San Diego-based Deep Longevity , a new startup using artificialintelligence to focused on aging-related biomarkers, has raised a Series A funding round, the company said on Tuesday. Size of the investment was not announced. READ MORE>>.
Carlsbad-based NextWave Ventures , a venture capital investor which focuses on commercializing early stage technology, said it has launched a new artificialintelligence start, Apical Technology. Size of the investment in Apical Technology was not announced. The startup was founded by Ron St. Onge and Jim St. READ MORE>>.
Why Invest? Why Invest? Put simply Chuck is amongst the smartest and most knowledgeable leaders in the CRM industry and in the components I consider the future of enterprise software — voice driving input/output, chat-based computing and mobile-first design. Why Invest? The reason is simple.
San Diego-based Netradyne , a developer of artificialintelligence and "deep learning" software used for vision recognition--particularly in autonomous vehicles--has raised $21M more in a funding round. According to Reliance Industries, which is based in India, it invested $8M in the round, and it now owns 37.4
Our defensible infrastructure comes from the fact that we now have huge volumes of customer storage earning the equivalent of SaaS revenue and any new entrant would have to invest in the fleet of cars, bins, drivers and warehouses that we now have not to mention 4.5 years of software development.
Two, Los Angeles-based venture capital investors have backed a developer of machinelearningsoftware, Qordoba , in its first investment funding round. Qordoba's machinelearningsoftware is used by such clients as Sophora, Cartier, Nutanix, and Netskope for language localization.
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.
Los Angeles-based artificialintelligence developer Boundless Mind , which is uses AI to personalize the interaction of users on apps, has been acquired by New York-based Thrive Global , a startup founded by Arianna Huffington focused on behavior change. Size of that investment was not announced.
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