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Overall VC Fundraising Drops 33%, But AI Investment Surges

Tech.Co

This time around, the responsible party is one that hadn’t even entered the public consciousness in 2021: Artificial intelligence. Companies Are Chasing Fast Growth Speaking to Reuters , Davis Treybig, partner at VC firm Innovation Endeavors, gave some context for the immense draw that AI has over VC investments right now.

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53 Questions Developers Should Ask Innovators

TechEmpower

What are some sites or companies in the same space? What functionality would make your company launch-ready? Artificial Intelligence Does your application leverage AI in any way? Team and Process Are you using, or planning to use any software development methodologies? Is anyone working with you on this?

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Nervana Raises $600K For Artificial Intelligence Hardware

socalTECH

San Diego-based Nervana Systems , a startup developing hardware specifically aimed at artificial intelligence 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.

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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. READ MORE>>.

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Nervana Nabs $3.3M For Machine Learning Hardware

socalTECH

for its hardware-based, machine learning tools, according to the company. As part of the funding, Steve Jurvetson of DFJ will join the company''s board of directors. Nervana is developing machine learning technology--including software and hardware--which is being targeted at a wide range of areas.

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Seed Health Acquires Auggi

socalTECH

Los Angeles-based Seed Health, which is focused on microbial sciences, says it has acquired Auggi, a digital health company which develops artificial intelligence and machine learning software to track and analyze digestive health. Financial details of the acquisition were not announced.

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Yardi Debuts Machine Learning Software

socalTECH

Santa Barbara-based property management software developer Yardi said today that it has launched a new product, which uses machine learning for prescriptive analytics.