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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 company--led by Naveen Rao--says it is developing computer hardware specifically for "deep learning". Aditya Agrawal, Ruchi Sanghvi, and SV Angels. READ MORE>>.
Core Innovation Capital. Okapi Ventures. Fund size: $60M (Okapi Ventures III) Managing Directors: Marc Averitt, Sharon Stevenson, Jeff Bocan, John Waller Investment interests: Seed and early-stage companies in the technology and healthcare IT sectors and has also invested in medical device and medical diagnostic startups.
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.
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 VentureCapital. READ MORE>>.
March Capital Partners , the Los Angeles-based venturecapital 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.
The startup--backed by Cota Capital, Civilization Ventures, Plug and Play, and 415--says that Quleap automated small molecule, synthesis planning, and a cloud engine for simulating biomolecules.
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 VentureCapital.
Santa Monica-based software developer Sixgill has launched a new product this morning, saying it has unveiled a new application called HyperLabel, which helps developers, engineers, and data scientists implement machinelearning. Sixgill is venture backed by DRW VentureCapital and Mobile Financial Partners.
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.
A brand new, Los Angeles-based artificialintelligence startup, Halla , announced on Wednesday that it has raised $1.4M According to Halla, the funding was led by E&A VentureCapital, an early stage food industry investor, and also included SOSV. The company said it has now raised a total of $1.9M
These are heady times for using artificialintelligence to extract insights from healthcare data—in particular, from the tidal wave of information coming out of fields like genomics and medical imaging. This story is part of an ongoing Xconomy series on A.I. in healthcare.
Elon Musk , the billionaire technology mogul behind SpaceX, has put some money behind--surprisingly--an effort to help developer artificialintelligence research.
San Diego-based Qualcomm announced on Wednesday that it has launched a brand new, venturecapital 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>>.
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. The funding was led by Tiger Global, and also included Threshold Ventures, Fika Ventures, Fathom Capital, Riot VC, and Toyota Ventures.
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.
Los Angeles-based Moonshots Capital , the venturecapital 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.
I became a VC 12 years ago in 2007 when the pace of deals was much slower. As I was trying to figure out the role I wanted to play in the VC world I decided I wanted to focus on businesses that were building deeply technical products to solve problems for business users. VCs have different views and strategies on this.
The funding came from Capital Zed, ECA Ventures, Paradigm Talent Agency, ROAR, the Tech Coast Angels, plus WME. The company says its uses artificialintelligence, machinelearning, and social data to help match brands to audiences and influencers on Facebook, Instagram, Twitter, Snapchat and YouTube.
Unity Influence is using machinelearning and artificialintelligence tools to connect advertisers with "micro-influencers". Los Angeles- and South San Francisco-based Unity Influence , a developer of influencer advertising software, has raised $1M in funding, according to the company. READ MORE>>.
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.
Los Angeles-based venture investor TenOneTen Ventures is one of the investors in a newly launched startup, which is looking to use artificialintelligence and DNA testing to identify autism and other medical conditions. The startup recently graduated from Y Combinator, and is based in the Bay Area.
The funding came from Sunstone VentureCapital Fund, along with Seraph Group, plus Microsoft, Intel, Amazon, Robert Bosch, Applied Materials, and Motorola, according to the company. Sunstone was an investor in its Series A funding.
Irvine-based Huckleberry, a developer of an artificialintelligence-driven app which helps parents with pediatric sleep advice, says it has raised $12.5M The funding was led by Morningside Ventures and also included Spero Ventures and Tamarisc VC. in a Series A funding.
He and I once took different sides of an debate about whether “VC signaling&# in early-stage deals is a serious problem or not. So it was fun to turn the cameras on him for 45 minutes for a special “NY edition of This Week in VC&# and hearing his views. I’ve also found him to not be dogmatic either.
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.
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>>.
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 venturecapital arm of Netherlands-based KPN, a large telecom company.
Los Angeles-based fintech startup InvestCloud and seed-stage venturecapital fund Stage Venture Partners have announced a new collaboration, where Stage will move into InvestCloud's "Innovation Center" in Los Angeles. Stage says it recently raised its second fund. READ MORE>>.
Three, local venturecapital investors -- Miramar Venture Partners , Okapi VentureCapital , and Qualcomm Ventures -- are part of a group investing $22.1M The investment is the first out of IBM''s $100M "Watson Fund", which aims to invest in companies using its Watson artificialintelligence software.
This week, we’re focusing on artificialintelligence, one of the buzziest fields in tech. Or, maybe instead, it’s a day filled with long lunches and listless Internet surfing, as you seek out all the interesting articles you missed during the week. Here are a. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
San Diego-based AlphaTrAI , a fintech startup which is backed by venturecapital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. the founder of Hightree Advisors, to its advisory board.
Los Angeles-based Pearl , the machinelearning startup which was spun out of advertising AI software startup GumGum , has raised $11M in a funding round, which came from Craft Ventures, as well as un-named strategic investors.
The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machinelearning and artificialintelligence software developer Solvvy. Solvvy says it has raised $4.5M
Los Angeles-based venture investor Greycroft , which has made investments in such companies as AwesomenessTV, Maker Studios, Sometrics, Venmo, and others, is one of the lead investors in New York-based Frame AI. Frame AI is a developer of artificialintelligence and machinelearning used by companies to understand customer churn and behavior.
Irvine-based Syntiant , a developer of processors used for artificialintelligence applications, has raised $35M more in the company's Series C funding round. Syntiant develops low power chips used for neural networking, and edge-based artificialintelligence (AI) applications, including voice recognition. READ MORE>>.
Today, we share the thoughts of Aaron Fyke , the founder and Managing Director of Thin Line Capital (www.thinlinecapital.com), a venturecapital firm in the energy and sustainability space. With support from prior backers of mine, Thin Line Capital was launched. What was the biggest lesson you learned this year?
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venturecapital. Landline , the operator of a bus network in the Midwest, is one of the latest companies to raise venturecapital. Ginkgo Bioworks raises capital at a $4B valuation.
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.
Ryan said that the company uses artificialintelligence and machinelearning--plus such things are social media and targeted advertising--to find prospective home buyers for homes. The company only charges a 2 percent, flat free. READ MORE>>.
According to AWM Smart Shelf, the funding round was led by Impact VentureCapital, and also included Mark IV Capital and The Contrarian Group. As part of the funding, Impact VentureCapital's General Partner, Jack Crawford, has joined the company's board of directors. READ MORE>>.
. —San Diego’s AON Devices was among 10 startups selected to compete at a recent pitch competition hosted by the corporate venturecapital arm of Qualcomm (NASDAQ: QCOM ). Qualcomm Ventures invited 10 artificialintelligence, Internet of Things, virtual reality, and.
Carlsbad-based NextWave Ventures , a venturecapital investor which focuses on commercializing early stage technology, said it has launched a new artificialintelligence start, Apical Technology. Simoni was previously Managing Partner of Halcyon Capital Partners. READ MORE>>.
According to the company, the round--a Seed-2 funding--was led by Okapi Capital, and also included The Cove Fund, Early Light Ventures, SaaS VentureCapital, and Stage Venture Partners and Brad Perry (co-founder of Dealer Socket), along with others. The founder and CEO of TrackStreet is Andrew Schydlowsky.
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