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SanDiego-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". READ MORE>>.
SanDiego-based Nervana System has raised $3.3M for its hardware-based, machinelearning tools, according to the company. Nervana is developingmachinelearning technology--including software and hardware--which is being targeted at a wide range of areas. AME Cloud Ventures, and Fuel Capital.
SanDiego-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>>.
Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificialintelligence startup that is headquartered in SanDiego 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.
The SanDiego Angel Conference, an angel investing effort which is run by the University of SanDiego (USD) School of Business, says it has made investments in five companies at its conference this year, worth a total of $500,000.
SanDiego-based Model Medicines, a company that is developingartificialintelligence and machinelearning software for the drug discovery and development process, has raised $4.1M According to the company, it will use the funding to develop its therapeutic pipeline.
SanDiego-based Qualcomm says that it is adding machine leaning features -- part of the core of developingartificialintelligence software -- to its Snapdraon processors, through a new SDK.
SanDiego-based Accel Robotics, which develops automated checkout systems designed for retail stores, claims it is seeing growth and success at its first rollout of "Valet Market", an automated store its has deployed ata a luxury, SanDiego apartment building.
SanDiego-based drone security systems developer Citadel Defense reported on Tuesday that it has snagged a new contract, from the U.S. Citadel Defense is led by CEO Christopher Williams; the company said it uses artificialintelligence, machinelearning, and adaptive frequency jamming in its products to counter drone threats.
Online e-commerce giant Amazon announced this morning that it is expanding at its "tech hub" in SanDiego, and plans to create 300 new high tech jobs at the location. The new SanDiego office is led by General Manager Nate Wiger. Amazon said the new office will allow it to more than double its tech workforce in the area.
SanDiego-based Fairway Technologies , a provider of consulting services in the IT area, said it has acquired Los Angeles-based IT Strategists , a provider of big data and data-driven IT consulting. Brett Humphrey is CEO of Fairway Technologies, which also has offices in SanDiego and Orange County, as well as Austin, Texas.
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.
SanDiego-based artificialintelligence software developer Brain Corp says it has linked up with processor developer NVIDIA , to power its latest product, an earlier announced commercial vacuum cleaner from SoftBank Robotics. READ MORE>>.
Let’s catch up with the latest tech news in SanDiego. —SanDiego’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 ). Read more » Reprints | Share:
Two, SanDiego-based software development and integration companies-- Solekai Systems and Fairway Technologies --said this morning that they have merged into a new company. Financial details of the merger were not announced. According to both companies, they will continue to operate under their respective names. READ MORE>>.
SanDiego-based Citadel Defense, which develops systems to defend against drones, said it has launched a new set of counter drone offerings. Citadel Defense says it uses artificialintelligence and machinelearning for its products to deal with identifying, tracking, and defeating drone threats.
SanDiego-based Harvest.ai , a developer of software that uses machinelearning and artificialintelligence 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
Summer can be a slow time in SanDiego, but its startups have stayed busy. —Ezoic, a startup that developed software for web publishers that uses machinelearning techniques to personalize layouts and ad placements for site visitors, raised $33 million to further develop its technology. .
SanDiego-based autonomous driving systems developer TuSimple--which is developing technology to enable autonomous trucks--said this week that it has selected NVIDIA's DRIVE Orin systems-on-a-chip (SoC) for its Level 4 autonomous trucking efforts. NVIDIA is best known for its GPUs.
SanDiego-based AlphaTrAI , a fintech startup which is backed by venture capital 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.
SanDiego-based Kneron , a developer of artificialintelligence software, has raised $40M more in Series A funding, from investor Horizons Ventures. Horizons Ventures it the venture arm of Hong Kong tycoon Li Ka-Shing. Accoring to Deal Street Asia, the funding brings the company's total to $73M.
ServiceNow , the developer of information technology service management software which has major operatinos in SanDiego, has acquired Mountain View-based Passage AI , a developer of conversational AI tools. Financial details of the buy were not announced. READ MORE>>.
However, the company's technology team, Walmart Labs (www.walmartlabs.com)--which said this month that it is planning on major growth in SanDiego is responsible for the company's key supply chain technology, online e-commerce site, and much more. What exactly does Walmart Labs work on in SanDiego?
SanDiego-based AlphaTrAI , a fintech startup backed by Analytics Ventures, says it has connected with QuantConnect, the developer of an open trading engine, to run its AI software. AlphaTrAI says it has developedartificialintelligence software which can pick, trade, and manage stocks better than humans.
SanDiego-based Citadel Defense , which develops counter-drone technology to help detect and identify unauthorized drones, claims it has deployed its technology for three, undisclosed U.S. government agencies. The company said those deployments were all through a pilot program.
However, the company's technology team, Walmart Labs (www.walmartlabs.com)--which said this month that it is planning on major growth in SanDiego is responsible for the company's key supply chain technology, online e-commerce site, and much more. What exactly does Walmart Labs work on in SanDiego?
SanDiego-based robotics and artificialintelligence software developer Brain Corp. Brain said Walmart expects to have 360 of the automated machines running its its store by the end of January, 2019. Brain develops computer vision and artificialintelligence software, specifically aimed at navigation.
SanDiego-based Brain Corp , which is developingartificialintelligence software used for vision recognition and navigation in robots, is powering a new robot from Softbank Robotics largest investors is SoftBank, via its SoftBank Vision fund. READ MORE>>.
SanDiego-based Lytx , which develops driver monitoring systems used by business fleets, says its system has a 70 percent success rate in accurately identifying probability a driver will wind up in a collision before it actually occurs.
SanDiego-based Netradyne, a developer of artificialintelligence (AI) and edge computing technology for the automotive market, has raised $150M in a Series C funding round. According to the company, the funding was led by SoftBank Vision Fund 2, and also included existing investors Point72 Ventures and M12.
SanDiego-based Netradyne , a developer of artificialintelligence and "deep learning" software used for vision recognition--particularly in autonomous vehicles--has raised $21M more in a funding round. percent of the startup; Reliance had invested $16M in Netradyne in 2016.
[ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificialintelligence. startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machinelearning companies, Saxena believes A.I. As chairman of Austin, TX-based A.I. technologies.
SanDiego-based Brain Corp. , a startup developingartificialintelligence software that powers self-driving robots, has raised $114M in a Series C funding round. The funding was led by SoftBank Vision Fund, and also included Qualcomm Ventures. Brain Corp.
in healthcare software developer Welltok , which announced a big funding round this morning. Miramar and Okapi are in Orange County, and Qualcomm is in SanDiego. The investment is the first out of IBM''s $100M "Watson Fund", which aims to invest in companies using its Watson artificialintelligence software.
SanDiego-based artificialintelligence software developer Netradyne annoucned this morning that it has named Tom Schmitt as CFO. According to the company, Schmitt joins the company from Postclick, where he was also CFO. He also has served at such companies as VideoAmp, FreeWheel Media, Salesforce, NetApp, and GAP.
Los Angeles-based XPRIZE , which runs a number of prize-based competitions for developing technology, has named eighteen teams for its $2 million, Wendy Schmidt Ocean Health XPRIZE , including two local teams. The groups will go on to submit their technology to affordably and accurately measure ocean acidification.
SanDiego-based Lytx , which develops vidoe-based driver safety systems for the commercial and public sector, reported this morning that it has scored a win with concrete company Lauren Concrete. Lytx says it incorporates machine vision and artificialintelligence technology into its products for improving driver safety.
SanDiego-based Entos, a developer of artificialintelligence and automated synthetic development technology for designing small-molecule therapeutics, has raised $53M in a Series A funding. As part of the funding, Aaron Weiner, Managing Director and Head of Healthcare at Coatue, and R.
SanDiego-based Nervana Systems , a developer of artificialintelligence and "deep learning" technology, has been acquired by Intel , in a deal that is reportedly worth $350M. Nervana will continue to operate out of its headquarters in SanDiego. READ MORE>>.
SanDiego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies , a developer of video tracking technology for the traffic management market. Cubic develops traffic management systems. The deal was worth $87M in cash. GRIDSMART was based in Knoxville, Tennessee. READ MORE>>.
SanDiego- and Beijing-based TuSimple , a startup developing autonomous driving technology, says it has received a permit from the California Department of Motor Vehicles to test autonomous driving vehicles on the road. The company says it has been developing its systems since 2015. The company's co-founder is Xiaodi Hou.
SanDiego-based Gretel.ai, a startup which is developing privacy technology, has raised $50M in a Series B funding, the company said today. Gretel.ai's privacy technology helps generate synthetic data, which preserves privacy, but can help provide data sets for training machinelearning and AI models.
SanDiego-based Harvest.ai , a startup which says it was created by former, NSA field operation team members, has raised $2.3M said it is developingartificialintelligence-based, data loss prevention software, which helps prevent data breaches from organizations. in a seed funding. Harvest.ai READ MORE>>.
ServiceNow , the developer of service management software which has major operations in SanDiego, has acquired Loom Systems , an Israeli company which developsartificialintelligence software used for IT operations management. Financial terms of the deal were not announced.
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