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Nervana Raises $600K For Artificial Intelligence Hardware

socalTECH

San Diego-based Nervana Systems , a startup developing hardware specifically aimed at artificial intelligence software, has raised $600,000 in a funding round. Aditya Agrawal, Ruchi Sanghvi, and SV Angels. The company--led by Naveen Rao--says it is developing computer hardware specifically for "deep learning".

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Elementary Picks Up $30M For Manufacturing AI

socalTECH

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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Qulab Applies Artificial Intelligence To Drug Design

socalTECH

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.

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LA, and Southern California's Surge In Venture Capital Funds

socalTECH

Greycroft Ventures. Fund size: $250M growth fund Los Angeles Partners: Dana Settle, Mark Terbeek, Dylan Pearce, Paul Bricault, Jon Goldman. Core Innovation Capital. Okapi Ventures. Managing Director: Ryan Blair Investment interests: Companies which leverage direct-to-consumer model. Moonshots Capital.

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Halla Finds $1.4M For Online Grocery Personalization

socalTECH

A brand new, Los Angeles-based artificial intelligence startup, 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

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Going long on LA, India, AI and tech infrastructure March Capital raises $300 million

TechCrunch LA

March Capital Partners , the Los Angeles-based venture capital firm, has raised $300 million for its latest fund. “We have two major areas and a couple of minor areas,” said Sumant Mandal, a managing director with the firm. “We like data-driven business and two-thirds of our portfolio are AI driven.

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

TechCrunch LA

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment 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.