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DDN Reports $400M In Revenues In 2020

socalTECH

Chatsworth-based DDN, which develops high performance computing storage and artificial intelligence and data management software, says it had record breaking annual revenues of $400M and "highest ever profitability" in 2020. The company said it saw 52 percent revenue growth from 2018 to 2020.

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Disney Opens Up Apps For 2020 Disney Accelerator

socalTECH

The Walt Disney Company has opened up applications for its startup accelerator, the 2020 Disney Accelerator , saying that applications are due by April 3rd to apply for its three month mentorship program. Disney said this year's program will begin in July, and run for three months until a Demo Day in October.

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MSBAI Snags $1M Contract From USAF

socalTECH

Los Angeles-based startup MSBAI, which is developing artificial intelligence tools for assisting in engineering reports it has received a $1M US Air Force grant. MSBAI was part of the Air Force Techstars 2020 program. MSBAI is led by CEO Allan Grosvenor.

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Veritone Launches Sports Draft Site, DraftClips.com

socalTECH

Costa Mesa-based Veritone , which develops artificial intelligence software, says it has launched a new website, DraftClips.com , aimed at giving sports fans free access to over 30,000 clips and hundreds of hours of video footage of 2020 top draft college football footage.

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Veritone Deploys At College Football Playoffs

socalTECH

Costa Mesa-based Veritone says its artificial intelligence software was deployed for the 2019 College Football Playoff (CFP) National Championship, and was used to produce transcriptions, automated facial recognition of players and coaches, logo identification, and other tasks for the CFP's Media Day. READ MORE>>.

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Vacos Aims At Smart Home, Security Camera Market

socalTECH

The company said its security camera costs $97 for a basic package, and includes artificial intelligence features. Vacos says on its crowdfunding site that it intends to start shipping its product in February of 2020 "once we have manufactured the first batch of the Vacos Cam." READ MORE>>.

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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

Tech solutions for such pressing issues as the climate crisis and social inequality have seen a 280% increase in global VC investment from 2015 to 2020, while investment in this space more than doubled in both cities over the past five years. 2020 is set to be a record year for London’s impact tech companies, which have received $1.2