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SoCal's Big New Crop Of Venture Investors And Funds

socalTECH

Managing Director: Derek Norton Investment interests: Connected consumer, Internet infrastructure, next generation e-commerce, digital media, gaming, augmented reality, artificial intelligence, consumer Internet, and some ad tech. Fika Ventures. Fund size: $40M. Greycroft Ventures. greycroft.com.

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

socalTECH

Investment interests: Consumer Internet, eCommerce, enterprise software, cloud computing, financial technology, advertising technology. Managing Director: Ryan Blair Investment interests: Companies which leverage direct-to-consumer model. Section 32. www.section32.com. Fund size: $230M fund. Fika Ventures. HashTagOne.

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AlwaysAI Adds $4M to Bring Deep Learning to Embedded ‘Edge’ Devices

Xconomy

AlwaysAI says it is getting ready to sell its software for enterprise developers looking to make applications that use deep learning to better process the immense amount of data from embedded devices, such as cameras, drones, wearables, and robots—and announced Tuesday it has raised $4 million to commercialize the platform.

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