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How ZestFinance Is Using Machine Learning to Reshape Lending, with Jay Budzik

socalTECH

One of the hottest sectors of the technology startup market today is the use of artificial intelligence, big data, and machine learning across many different sectors including finance. One Los Angeles company, ZestFinance (www.zestfinance.com), has been working in this area for a few years.

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BlockFraud Finds $5M For Anti-Fraud Software

socalTECH

Santa Monica-based BlockFraud , a developer of machine learning and artificial intelligence 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. BlockFraud is led by CEO Massimo Cristini.

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Citadel Defense Lands New DoD Contract, Worth $5M

socalTECH

San Diego-based drone security systems developer Citadel Defense reported on Tuesday that it has snagged a new contract, from the U.S. According to the company, it received the new contract award as an urgent, follow-on award to protect servicemen and servicewomen from small drone threats. Department of Defense, worth $5M.

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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. The company was reportedly acquired for around $20M. Harvest.ai had raised only $2.3M

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Citadel Defense Reports US Government Deployments Of Drone Defense

socalTECH

According to the company, it has been working over the past six months to deploy its counter-drone technology, both domestically and abroad. The company said those deployments were all through a pilot program. government agencies.

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Toshiba Starts Selling Cylance Antivirus Software

socalTECH

Irvine-based antivirus software developer Cylance reported Thursday that it has signed a distribution agreement with Toshiba , where Toshiba Corporation Industrial ICT Solutions Company Group (Toshiba Industrial ICT Solutions) will sell its artificial intelligence-based antivirus solution. READ MORE>>.

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Diffbot’s A.I. Engine Draws Global Map of Machine Learning Expertise

Xconomy

A year ago, the leading Chinese Internet company Tencent Holdings pegged the global number of artificial intelligence researchers and professionals at 300,000 or less—just as the unmet demand for such experts was pushing salary offers to as much as $1 million. Now, Silicon Valley company Diffbot has used its A.I.