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San Diego-based Nervana Systems , a startup developing hardware specifically aimed at artificialintelligence 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.,
for its hardware-based, machinelearning tools, according to the company. Nervana said the Series A funding was led by DFJ, and also included Allen & Co., AME Cloud Ventures, and Fuel Capital. As part of the funding, Steve Jurvetson of DFJ will join the company''s board of directors. READ MORE>>.
San Diego-based Reveal Biosciences , a startup applying artificialintelligence (AI) and machinelearning to pathology, has received a round of funding from Intel Capital , the corporate venturing arm of microprocessor giant Intel. Size of the investment in Reveal Biosciences was not announced.
Los Angeles-based Postie , a new startup focused on using machinelearning and "quant marketing" to direct mail, said on Tuesday that it has raised $3.5M in a seed funding. The funding was led by Bonfire Ventures and Crosscut Ventures.
Santa Monica-based BlockFraud , a developer of machinelearning and artificialintelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. The funding was led by Palisades Venture Capital. READ MORE>>.
Burbank-based Shag Enterprises Inc, an artificialintelligence company that’s created a predictive platform for online ordering, announced on May 15 it raised $1.4 million in seed funding led by New York-based E&A Venture Capital.
We've summarized the funds that have announced new funds in the last nine months or so, or that are in the midst of raising funds--a total of more than $1086 million in total funds. List ordered by fund size). Fund size: $230M fund. Fund size: $100M fund. Core Innovation Capital.
March Capital Partners , the Los Angeles-based venture capital firm, has raised $300 million for its latest fund. “We have two major areas and a couple of minor areas,” said Sumant Mandal, a managing director with the firm. “We like data-driven business and two-thirds of our portfolio are AI driven.
Irvine-based cybersecurity software developer Cylance announced today that it has raised $20M in a Series B funding, which came from Blackstone, Khosla Ventures, Fairhaven Capital and un-named private investors. Cylance says it is applying artificialintelligence, algorithmic science and machinelearning to cyber security.
Los Angeles-based Moonshots Capital , the venture capital investment firm led by Kelly Perdew and Craig Cummings, has raised its first official fund, a $19M seed stage venture fund. Moonshots said the new fund will focus on seed stage deals, holding reserve capital for follow-on pro rata.
Los Angeles-based March Capital is the lead investor in an artificialintelligence startup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificialintelligence, and machinelearning startups in the enterprise.
San Diego-based Qualcomm announced on Wednesday that it has launched a brand new, venture capital investment fund, which will focus only an artificialintelligence. The first investment out of the fund is in AnyVision , a startup working on face, body, and object recognition. READ MORE>>.
Elon Musk , the billionaire technology mogul behind SpaceX, has put some money behind--surprisingly--an effort to help developer artificialintelligence research. OpenAI says its goal is to advance digital intelligence in a way that "is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return."
A brand new, Los Angeles-based artificialintelligence startup, Halla , announced on Wednesday that it has raised $1.4M in its seed funding round, to help it expand its development of personalization technology for online grocers. The company said it has now raised a total of $1.9M
San Diego-based Erasca , a company which is using artificialintelligence to drive the discovery and development of new oncology drugs to help cure cancer, has raised $64M in a Series A funding, the company said this morning. According to the company, the new funding will to towards. READ MORE>>.
Los Angeles-based Trace , a developer of mobile apps which automatically track your sports activity using sensors, video, and artificialintelligence, has scored a round of investment from Intel Capital. Size of the funding round was not announced.
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>>.
Woodland Hills-based REX Real Estate Exchange , a startup which helps homeowners sell their homes without using an MLS, has raised $15M in a Series B funding. The company has now raised over $30M in funding. The company only charges a 2 percent, flat free.
Los Angeles- and Las Vegas-based Influential , which operates a service to help match brands with influencers, has raised $12M more in a Series B funding, the company disclosed today. The funding came from Capital Zed, ECA Ventures, Paradigm Talent Agency, ROAR, the Tech Coast Angels, plus WME.
Los Angeles- and South San Francisco-based Unity Influence , a developer of influencer advertising software, has raised $1M in funding, according to the company. Source of the funding was not announced. Unity Influence is using machinelearning and artificialintelligence tools to connect advertisers with "micro-influencers".
San Diego-based Model Medicines, a company that is developing artificialintelligence and machinelearning 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.
San Diego-based TealTech Capital , a new, $60M venture investment fund backed by Torrey Pines Investment, has launched its new investment fund, and made its first investment. Size of the investment in TealNet MMO was not announced.
Greycroft Ventures , which has a big presence in Los Angeles, has backed Silicon Valley-based BlueCart , a developer of machinelearning 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.
Frame AI is a developer of artificialintelligence and machinelearning 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
El Segundo-based CUJO AI , a developer of artificialintelligence-based cybersecurity software for telecom network operators, has raised a round of growth capital from KPN Ventures, the company said this morning. KPN Ventures is the corporate venture capital arm of Netherlands-based KPN, a large telecom company.
Irvine-based Bitvore , the big data, artificialintelligence, and data analytics startup, has upped its latest funding round to $14.2M, as part of what appears to be an ongoing $17.75M funding effort.
Los Angeles-based Elementary, which is developing artificialintelligence, machine vision software for the manufacturing industry, said Thursday that it raised $30M in its Series B funding. Elementary is focusing its machinelearning and artificialintelligence efforts on automating inspections in manufacturing.
Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificialintelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machinelearning platform to deliver AI-as-a-Service from discovery to deployment.
Laguna Hills-based Ephesoft , a developer of document capture software, has raise $15M in a Series A funding, the company said this week. The funding came from Mercato Partners. Joe Kaiser of Mercato joins the company's board with the funding.
The company said the agreement will support further development of its artificialintelligence and machinelearning technology. Cylance, led by Stuart McClure, uses artificialintelligence on endpoints to analyze the "DNA" of files to prevent malicious attacks and malware.
Those tools—artificialintelligence and machinelearning, respectively—have been around for decades, but in recent years have become faster and cheaper, accelerating their use by those in the business of discovering and developing new drugs. Andreessen Horowitz, also.
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.
Irvine-based NGD Systems , a company developing "computational storage" devices which can run AI, machinelearning, and analytics functions within data storage devices, has raised $20M in a Series C funding, the company said this morning. The funding was led by MIG Capital, and also included Western Digital Capital Global, Ltd.
in a seed funding round, to go towards its online marketplace for computer software algorithms. The startup--which was co-founded by Kenny Daniel, who was recently pursuing a PhD in ArtificialIntelligence at USC--says that it has created an online platform to let software engineers find different algorithms for us. READ MORE>>.
Los Angeles-based venture investor March Capital is the lead investor in a $51M, Series C funding round for Uniphore , which also included Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family, and others. March Capital's investment in Uniphore was led by Sumant Mandal.
Are you an entrepreneur, looking for capital here in Southern California? It's turning out to be a great time for entrepreneurs looking for funding in the region, with not only high profile exits of such companies as Snap Inc., but a bunch of new, early stage investors looking to seed or fund the next big tech success story.
Santa Monica-based venture investor March Capital Partners (www.marchcp.com) announced last week that it has raised a second fund, worth $300M. To learn about the new fund, we sat down with Jamie Montgomery , one of the fund's co-founders, to hear about March Capital's strategy and the new fund.
San Diego-based Deckard Technologies , a new startup founded by serial entrepreneur Neil Senturia, said on Monday that it has raised $4M in funding and launched a new company focused on using artificialintelligence (AI) to identify property tax scofflaws. The company said its latest funding was worth $500,000.
EvoNexus did not say how much funding companies joining the incubator will gain, or the structure of the incubator. According to EvoNexus, the incubator will work with startups focused on technology areas that will impact financial services companies of all sizes and the customers they serve.
Los Angeles- and Austin-based Slingshot Aerospace , the venture-backed developer of artificialintelligence software for processing satellite, aerial, and drone imaging, said this morning that it has won a $6M contract award, from the Air Force Space and Missile Systems Center (SMC).
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.
Los Angeles-based LegalMation , a startup which develops artificialintelligence and machinelearning-based software for litigation and law practices, has raised a round of funding, according to the company. Size of the funding was not announced.
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".
million in capital to build out its operations in 4 cities: New York City , Los Angeles , Chicago and Washington D.C. With our increases in capital we hope to be able to serve you in the near-term future. Just over a year ago I wrote about how MakeSpace had raised $17.5
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