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

TechCrunch LA

Tech solutions for such pressing issues as the climate crisis and social inequality have seen a 280% increase in global VC investment from 2015 to 2020, while investment in this space more than doubled in both cities over the past five years. times) since 2015, compared to 3.1 times) from 2015 to 2020. billion into U.S.

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Reports: Harvest.Ai Acquired By Amazon

socalTECH

San Diego-based Harvest.ai , a developer of software that uses machine learning and artificial intelligence to prevent data loss from enterprises, has reportedly has been acquired by Amazon.com. in funding from Trinity Ventures back in March of 2015. The company was reportedly acquired for around $20M. Harvest.ai

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Kneron Finds $40M More

socalTECH

San Diego-based Kneron , a developer of artificial intelligence software, has raised $40M more in Series A funding, from investor Horizons Ventures. Kneron was founded in 2015. Horizons Ventures it the venture arm of Hong Kong tycoon Li Ka-Shing. Accoring to Deal Street Asia, the funding brings the company's total to $73M.

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LA-based Metropolis raises $41 million to upgrade parking infrastructure

TechCrunch LA

His last company, ParkMe, was sold to Inrix back in 2015. While the computer vision and machine learning technology will serve as the company’s beachhead into parking lots, services like cleaning, charging, storage and logistics could all be part and parcel of the Metropolis offering going forward, Israel said.

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What I Learned In 2015: Jeb Spencer, TVC Capital

socalTECH

Jeb Spencer: For TVC, closing on our new $115 million software focused growth equity fund at the end of last year made for an exciting 2015. Who or what do you think had the biggest impact on the technology industry in 2015? What was the biggest news for you or your firm this year? be the pig and don't get greedy.

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What Is xAI? Elon Musk Reveals New Startup To Rival OpenAI

Tech.Co

The billionaire SpaceX chief certainly knows how to build an AI company, having co-founded ChatGPT owner OpenAI back in 2015, only to sell his stake three years due to a perceived conflict of interest with his electric vehicle company Tesla. Corp” in Nevada, according to business records seen by the Financial Times. Will xAI Rival OpenAI?

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Hulu Acquires Vhoto

socalTECH

Los Angeles-based video streaming site Hulu has acquired Vhoto , a developer of computer vision and machine learning software, according to reports. The deal apparently occurred sometime in late 2015. Financial details of the deal were not announced.

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