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Model Medicines Takes $4.1M

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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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Temasek Funds New AI Effort In San Diego, Aicadium

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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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DGene Snags $20M For Film Restoration Software

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DGene, a content creation company which has a team in Los Angeles, but is based in San Jose, says it has raised $20M in a Series A funding. The company said it is building software "to expand creativity and redefine virtual production and immersive entertainment". The funding was led by Alibaba Group.

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Ezoic Gets $33M For AI Software

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Carlsbad-based Ezoic , a developer of artificial intelligence software for the digital publishing market, has raised $33M in a funding round, the company said this week. The funding came from Sageview Capital. the company said it will use the funding to expand its platform. READ MORE>>.

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Source Intelligence Finds New Funding

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Carlsbad-based Source Intelligence , which provides supply chain compliance software, has raised new funding, the company announced this morning. Amount of the new funding was not announced. The Series B funding came from Source Capital Partners and Kayne Capital Partners, as well as "local banks". READ MORE>>.

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Theta Lake Takes $12.7M For Security, Compliance Software

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Santa Barbara-based Theta Lake , a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M in a Series A funding. As part of the funding, Lightspeed's Arif Janmohamed joins the company's board. READ MORE>>.

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Greycroft Backs BlueCart In $5M Funding

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Greycroft Ventures , which has a big presence in Los Angeles, has backed Silicon Valley-based BlueCart , a developer of machine learning software and other tools for the hospitality industry, to the tune of $5M. BlueCart said this week that it raised $5M in its Series B-1 funding, bringing its total raised to $22M.