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DDN Reports $400M In Revenues In 2020

socalTECH

Chatsworth-based DDN, which develops high performance computing storage and artificial intelligence and data management software, says it had record breaking annual revenues of $400M and "highest ever profitability" in 2020. The company said it saw 52 percent revenue growth from 2018 to 2020.

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MSBAI Snags $1M Contract From USAF

socalTECH

Los Angeles-based startup MSBAI, which is developing artificial intelligence tools for assisting in engineering reports it has received a $1M US Air Force grant. MSBAI was part of the Air Force Techstars 2020 program. MSBAI is led by CEO Allan Grosvenor.

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Mapped Snags Second Seed Funding

socalTECH

Los Angeles-based Mapped, a developer of artificial intelligence-powered software used for industrial Internet-of-Things (IoT), has raised $6.5M The company said the seed II fund brings its total raised to $9.5M, including a $3M funding round in February of 2020. a second seed funding.

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Veritone Launches Sports Draft Site, DraftClips.com

socalTECH

Costa Mesa-based Veritone , which develops artificial intelligence software, says it has launched a new website, DraftClips.com , aimed at giving sports fans free access to over 30,000 clips and hundreds of hours of video footage of 2020 top draft college football footage.

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

TechCrunch LA

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

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HONK Reports Increased Roadside Assistance Calls

socalTECH

Los Angeles-based HONK Technologies , which develops a roadside assistance and towing app, and is led by tech entrepreneur Corey Brundage, says it has saw a 54 percent increase in the number of roadside assistance calls in the first six months of 2020. Brundage had previously founded such companies as SendLove.to and Fonality.

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Using full-body MRIs, Ezra can now detect 11 cancers in men and 13 in women

TechCrunch LA

Rather than having to do painful biopsies which often come with significant side effects, Gal’s software can now be used to slash the cost for a full-body MRI scan designed to screen for 11 different types of cancer in men and another 13 types of cancer in women (who have more organs that are likely to develop cancer).