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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>>.
New research has found that San Francisco and London have become two of the world’s leading hubs for VCinvestment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.
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 Greycroft Ventures. Okapi Ventures. so far in investments. Watertower Ventures.
San Diego-based Qualcomm announced on Wednesday that it has launched a brand new, venturecapitalinvestment 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>>.
March Capital Partners , the Los Angeles-based venturecapital firm, has raised $300 million for its latest fund. Portfolio successes with investments in companies like CrowdStrike, a cybersecurity company which was founded in Irvine, Calif.; “We are three to four years into a 20-year cycle,” says Montgomery.
I became a VC 12 years ago in 2007 when the pace of deals was much slower. As I was trying to figure out the role I wanted to play in the VC world I decided I wanted to focus on businesses that were building deeply technical products to solve problems for business users. We not only have our Series A funds that can write $500k?—?$15
San Diego-based AlphaTrAI , a fintech startup which is backed by venturecapital 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.
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.
He and I once took different sides of an debate about whether “VC signaling&# in early-stage deals is a serious problem or not. So it was fun to turn the cameras on him for 45 minutes for a special “NY edition of This Week in VC&# and hearing his views. I’ve also found him to not be dogmatic either.
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. Size of the investment round was not announced. The company's CEO and co-founder is Lukas Lange.
A new, Los Angeles venturecapital fund, AET Fund said on Wednesday that it has raised $50M to make investments in entertainment technology, and hired someone to head up its U.S. investment efforts. AET Fund said that so far, it has made investments in six different startups, including HypeVR, FABLE STUDIO, Tyffon Inc.,
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. READ MORE>>.
Los Angeles-based fintech startup InvestCloud and seed-stage venturecapital 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>>.
Los Angeles-based venture investor Greycroft , which has made investments in such companies as AwesomenessTV, Maker Studios, Sometrics, Venmo, and others, is one of the lead investors in New York-based Frame AI. in its Series A funding round, which was led by G20 Ventures and Greycroft.
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.
Riot Ventures , the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch. Marcus has a long background in angel investing and company creation.
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.
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 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>>.
According to REX, the funding included investments from Scott McNealy, co-founder and former chief executive officer, Sun Microsystems; Dick Schulze, founder, Best Buy; Gordon Segal, founder, Crate and Barrel; Amit Singhal, former senior vice president of search, Google; Jack Greenberg, former chief executive officer, McDonalds; and others.
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 Solvvy says it has raised $4.5M Solvvy is based in Palo Alto. READ MORE>>.
Three, local venturecapital investors -- Miramar Venture Partners , Okapi VentureCapital , and Qualcomm Ventures -- are part of a group investing $22.1M The investment is the first out of IBM''s $100M "Watson Fund", which aims to invest in companies using its Watson artificialintelligence software.
The interview was wide ranging and discussed everything from USVs investment thesis over the past 10 years to what some emerging themes are around blockchain and artificialintelligence. Dan asked Fred about “generational change” at USV and in the VC industry more broadly.
Los Angeles-based Moonshots Capital , the venturecapitalinvestment 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.
Irvine-based Syntiant , a developer of processors used for artificialintelligence 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 artificialintelligence (AI) applications, including voice recognition. READ MORE>>.
[ 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.
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 artificialintelligence software designed to help guide students to and through college, and in particular is aimed at helping at-risk students.
Carlsbad-based NextWave Ventures , a venturecapital 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. READ MORE>>.
Here's a rundown of some of the venturecapital investors who have set up shop in Southern California, plus those with big new funds, which have been announced so far since January of this year. Watertower Ventures. Fika Ventures. Moonshots Capital. so far in investments. Core Innovation Capital.
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.
The company said it is using artificialintelligence and machinelearning to develop robots to complete "mundane tasks" in the kitchen. The company says that individual investors can make investments in the crowdfunding effort for a minimum of $1500. The company said it had a $80M pre-money valuation in 2019.
Two, Los Angeles-based venturecapital investors have backed a developer of machinelearning software, Qordoba , in its first investment funding round. Qordoba's machinelearning software is used by such clients as Sophora, Cartier, Nutanix, and Netskope for language localization.
Costa Mesa-based CerraCap Ventures , a new, early stage investment firm which looks to invest in cybersecurity, artificialintelligence, and digital health investments, said today that it has scored backing from NBA star Kevin Durant. Size of that investment were not announced. READ MORE>>.
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.
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venturecapital. Landline , the operator of a bus network in the Midwest, is one of the latest companies to raise venturecapital. Ginkgo Bioworks raises capital at a $4B valuation.
Los Angeles- and Austin, Texas-based Slingshot Aerospace has raised $3.25M in its Series Seed round, according to lead investor ATX Seed Ventures. The round also included investments from Okapi VentureCapital and Sway Ventures, along with Stage and NoName Ventures.
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.
Glendale-based Beyond Limits , a venture-backed developer of artificialintelligence software, has named Meghan Sharp, Ph.D., the former Managing Director of BP Ventures/Americas, as its new Chief Operating Officer (COO).
Apollo said it is combining a multi-sensing LiDAR, HD, and thermal cameras with artificialintelligence in its drones. Apollo Robotics said Cammack is a "seasoned serial entrepreneur", but did not details what Cammack has done previously. READ MORE>>.
Los Angeles-based venturecapital investor TenOneTen Ventures is one of the backers in a round for consumer debt collection technology startup TrueAccord , which was announced this morning. The Series B funding for San Francisco-based TrueAccord was worth $22M, and was led by Arbor Ventures.
While the accelerator program backed by the BMW-owned Mini Cooper automaker and the venturecapital firm Urban Us is based in Brooklyn, it’s conducting its latest program virtually, with participating startups coming from Atlanta, Sydney, San Francisco, Boston, Burlington, and Los Angeles, according to a statement.
Chicago-based venturecapital investor Pritzker Group VentureCapital announced this morning that it is expanding its efforts to invest in early stage companies in Los Angeles, and has moved partner Gabe Greenbaum to Los Angeles. Greenbaum had been based at Pritzker's home office in Chicago. READ MORE>>.
Pasadena-based ObEN , the artificialintelligence startup developing personal avatars, says it has linked with Tencent and the Tsinghua University PBC School of Finance (PBCSF), on a "blockchain research center" in China. ObEN and its partners are investing a total of $5M in the research center. READ MORE>>.
Today, we share the thoughts of Aaron Fyke , the founder and Managing Director of Thin Line Capital (www.thinlinecapital.com), a venturecapital firm in the energy and sustainability space. With support from prior backers of mine, Thin Line Capital was launched. What was the biggest news for you/your company this year?
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