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Los Angeles-based ringDNA , which develops artificialintelligence software for the sales market, has added a new sales coaching product that uses artificialintelligence to help improve sales teams. Pricing on the new product was not announced. READ MORE>>.
Those local funds are on top of a massive injection of funding from out of area venture capitalists, private equity funds, family offices, and strategic investors. Core Innovation Capital. Managing Director: Ryan Blair Investment interests: Companies which leverage direct-to-consumer model. Moonshots Capital. upfront.com.
Costa Mesa-based Veritone , a developer of artificialintelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. According to Veritone, Apis has offered to acquire all of its outstanding shares for $10.26 per share in cash.
San Diego- and Baltimore-based private equity investor JMI Equity is the lead backer of a developer of artificialintelligence software for the healthcare industry this morning. The funding was led by JMI Equity, and also included Health Enterprise Partners (HEP) and Health Velocity Capital (HVC).
Los Angeles-based private equity investor Kayne Anderson Capital Advisors has backed a developer of automated, machinelearning and big data, predictive analytics software called ColdLight Solutions , the company said Monday. Kayne Anderson manages around $24 billion in capital. READ MORE>>.
San Diego-based Certona , a developer of personalization software which uses machinelearning and predictive algorithms, has raised $30M in a combined growth investment and minority recapitalization. The funding came from private equity investor Primus Capital.
El Seguno-based SmartAction , which is developing artificialintelligence-driven, call center automation software, said today that it has raised funding in a management recapitalization by private equity investors Staley Capital and TVC Capital. Financial details of the recapitalization were not announced.
Los Angeles-based RingDNA , which develops analytics software used for understanding the sales process and sales conversations, said last week that it raised $30M in a growth capital funding. The funding was led by Goldman Sachs Growth Equity (GS Growth), and also included Palisades Growth Capital and Bryant Stibel.
As part of that funding, $3M in convertible notes, from DILA Capital, 10x Capital Management, and others, will convert into equity. The company said it is using machinelearningmodels to make credit and other financial products available to those entrepreneurs.
Los Angeles-based private equity investor Shamrock Capital reports this morning that it has led a $30M investment in Pixellot , an Israeli firm developing automatic, artificialintelligence-driven software for producing streaming sports video. Pixellot has now raised more than $40M in funding.
AlphaTrAI says it has developed artificialintelligence software which can pick, trade, and manage stocks better than humans. According to the startup, it has been running its software for the last three years, with its algorithms achieving a 58 percent average annual return on capital--consistently outperforming the S&P 500.
Carlsbad-based NextWave Ventures , a venture capital investor which focuses on commercializing early stage technology, said it has launched a new artificialintelligence start, Apical Technology. According to NextWave, Apical Technology is developing a software platform which uses AI for equities trading. READ MORE>>.
Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. TVC Capital has also been a big supporter of socaltech over the years. What was the biggest news for you or your firm this year?
Marina Del Rey-based LeaseLock, which is developing artificialintelligence technology and lease insurance products to eliminate the need for security deposits, has raised $52M in its Series B funding round, the company announced this morning. LeaseLock said it will use the funding to expand its lease insurance product.
Los Angeles-based ringDNA , which develops sales engagement software, says it has launched a new, artificialintelligence (AI) product, which it says helps recommend actions for sales reps, to increase success. READ MORE>>.
capital has produced 241 impact startups since 2006, with 95 companies founded in San Francisco. At a national level, the United States received more VC funding for impact tech companies than any other country in the past five years, with investors pumping $35.8 billion into U.S. firms since 2015, double the amount invested into China ($16.8
Pasadena-based robot developer Miso Robotics, which develops kitchen assistance robots, says it is looking to raise another $40M more via crowdfunding, after just completing $50M in an equity crowdfunding push. The company said it is undergoing a "SEC review process" ahead of the new crowdfunding effort. The company is led by CEO Mike Bell.
The funding was led by private equity firm NewSpring Growth. The company also said the funding will go towards advancing its technology, including automation and artificialintelligence software. in a Series B funding round. The company is also backed by Neiman Marcus. FASHIONPHILE was founded in 1999. READ MORE>>.
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Landline , the operator of a bus network in the Midwest, is one of the latest companies to raise venture capital. billion in a round led by the private equity firm GPI Capital this week.
This week I sat down with Chris Dixon, co-founder / CEO of Hunch and Partner at Founder Collective in the most recent installment of This Week in Venture Capital. Such that during that time, Chris “learned how to learn.”. 7. After McAfee bought SiteAdvisor, Chris worked there for 15 months.
According to Torumaline Labs, it has received an investment from ClearVision Equity Partners, and appointed Marc Brungger as its new CEO. San Diego-based Tourmaline Labs , a startup developing location-aware smartphone software for mobile apps hsa raised a round of funding, and appointed a new CEO. READ MORE>>.
. —San Diego’s AON Devices was among 10 startups selected to compete at a recent pitch competition hosted by the corporate venture capital arm of Qualcomm (NASDAQ: QCOM ). Qualcomm Ventures invited 10 artificialintelligence, Internet of Things, virtual reality, and.
The company says its product is aimed at mowing large sized commercial lawns, and includes such features as GPS based mapping, computer vision, and machinelearning capabilities. Graze says it is using equity crowdfunding through SeedInvest for its funding efforts. READ MORE>>.
The Montgomery Summit (www.montgomerysummit.com), which kicked off on Wednesday, and continues today in Santa Monica, is one of the biggest gathering places for venture capital, private equity investors, and technology executives from around the globe. You do a great job of getting venture capital and private equity investors here.
However, I really like algorithmic content recommendation, using machinelearning and other crazy geek tech stuff to help provide information to consumers. We were using big data and machinelearning to promote content which needed to be in front of user eyeballs. When I went to Scopely, I wasn''t leveraging that.
Just as I was getting the swing of things the world shifted beneath my feet and the stock market went into a free fall and venture capital all but shut down for nearly a year. In the case of Invoca we led both the seed round and the A round and didn’t wait for somebody else to come and provide more capital. Over the past 2.5
Top venture capital firms continue to pour money into software robotics companies that promise to automate monotonous business operations, like processing mortgage applications, that are often performed by humans. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
The conference is run by Jamie Montgomery , one of the local industry's pioneers in venture capital and investment. Jamie is currently also co-founder of March Capital Partners, in addition to running the summit. We're also excited about the areas around artificialintelligence for certain verticals.
Unlike many of its rivals, Sheik said Certona had raised a total of only $7 million in venture capital (in 2008) from ABS Ventures of Waltham, MA, and San Diego’s Express Ventures. We’ve been fairly capital-efficient in this fast-growth e-commerce space,” Sheik said. “It It wasn’t about raising multiple rounds and burning jet fuel.
On LA’s startup scene: “Andrew provides the same level of effort, expertise and professionalism when I was a pre-seed company with no capital as he did when we had raised $100 million.” Brian Thomas, Los Angeles, co-founder, Clutter. The LA community has gotten to a point where it’s sophisticated and it’s significant.
Convoy , an online marketplace that connects shippers with freight truck fleets and independent drivers, announced today it raised $185 million in a Series C fundraising round led by CapitalG, the growth equity investment fund of Alphabet, Google’s parent company. regions, CEO Dan Lewis says.
Automation Anywhere , which supplies customers with armies of software robots to take over manual tasks such as insurance claims processing, announced today it raised $250 million in a first funding round that set its post-money valuation at $1.8
We’d like to thank the launch sponsors/underwriters who have joined us to support this new channel: Alexandria Real Estate Equities, Michigan State University, the North Carolina Biotechnology Center, and Spensa Technologies. and Cybersecurity. Xconomy editors around our network will be contributing to the new channel.
Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes on one of VCs’ favorite spaces: cannabis tech. The Los Angeles ecosystem is $76 million stronger this week as Fika Ventures, a seed-stage venture capital firm, announced its sophomore investment fund.
We’d like to offer a big thank you to our launch sponsors/underwriters who have joined us to support this new channel: the Lumina Foundation and Alexandria Real Estate Equities. Agtech and Food, and Cybersecurity. Xconomy’s editors from across the county will be contributing to the education channel.
In a survey of 29 Silicon Valley venture capitalists in December, the VCs mulled whether President-elect Donald Trump would buoy up their investment prospects with lower corporate taxes and government regulations, or worsen conditions by heightening global political instability and raising the risk of a major military conflict or economic downturn.
MachineLearning / AI They discussed many topics ranging from protection of the press to what Mark looks for in an entrepreneur to investing outside of Silicon Valley and of course Trump and sports. But perhaps to most insightful was their discussion about MachineLearning / AI. Gotta love great role models.
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