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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. The funding came from Ali and Hadi Partovi, Sam Altman, Geoff Ralston, Scott Banister, Owen Van Natta, Eric Baker, Farzad Khosrowshahi, Dara Khosrowshahi, Allen & Co.,

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A Research Team Plans to Merge AI with Human Brain Cells

Tech.Co

A group of researchers in Australia have been awarded just over $400,000 (USD) in government funding to study the possibilities of merging AI with human brain cells, a research project likely to bring a number of AI-related ethical and existential questions to the fore.

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Temasek Funds New AI Effort In San Diego, Aicadium

socalTECH

Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificial intelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machine learning platform to deliver AI-as-a-Service from discovery to deployment.

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Model Medicines Takes $4.1M

socalTECH

San Diego-based Model Medicines, a company that is developing artificial intelligence and machine learning software for the drug discovery and development process, has raised $4.1M in a funding round. The funding came from 8VC, Irving Investors, Particle X and Nex Cubed.

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How PointPredictive Is Using Machine Learning To Uncover Fraud, With Tim Grace

socalTECH

There's been a revolution in the use of artificial intelligence and machine learning in the last few years, by both startups and large companies, to help in a large number of areas. Tim Grace: PointPredictive is an artificial intelligence, machine learning, and pattern recognition provider.

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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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Greycroft Leads $6.3M Funding In Frame AI

socalTECH

Frame AI is a developer of artificial intelligence and machine learning used by companies to understand customer churn and behavior. in its Series A funding round, which was led by G20 Ventures and Greycroft. Frame AI said this morning that it raised $6.3M