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Postie Raises $3.5M To Apply Machine Learning To Direct Mail

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Los Angeles-based Postie , a new startup focused on using machine learning and "quant marketing" to direct mail, said on Tuesday that it has raised $3.5M working on such companies as Dollar Shave Club, DogVacay, MeUndies, Famebit and Hello Society. in a seed funding.

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Retina Finds $8M

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Los Angeles-based Retina, a startup that is using artificial intelligence for predicting customer lifetime value, said on Tuesday tht it has raised $8M in a Series A funding round. The funding came from Alpha Intelligence Capital and Vertical Venture Partners. Retina is led by co-founder and CEO Emad Hasan.

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Pritzker Group Boosts Focus On Los Angeles Startups, Moves Partner To LA

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Chicago-based venture capital investor Pritzker Group Venture Capital 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. The company also said it will look to invest smaller amount of capital in "unique" opportunities.

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Tx Zhuo On LA's Newest Venture Fund, Fika Ventures

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We are investing in founders who are leveraging the use of data, artificial intelligence-enabled technologies, and automation, to solve meaningful, systemic problems in a couple of industries, including the enterprise software, financial services, marketplace, and digital health areas. They've build a bedrock for future innovation.