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Nervana Raises $600K For Artificial Intelligence Hardware

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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". READ MORE>>.

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Nervana Nabs $3.3M For Machine Learning Hardware

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San Diego-based Nervana System has raised $3.3M for its hardware-based, machine learning tools, according to the company. Nervana is developing machine learning technology--including software and hardware--which is being targeted at a wide range of areas. AME Cloud Ventures, and Fuel Capital.

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Erasca Raises $64M For Oncology Drug Development Using AI

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San Diego-based Erasca , a company which is using artificial intelligence 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>>.

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Temasek Funds New AI Effort In San Diego, Aicadium

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Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificial intelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machine learning platform to deliver AI-as-a-Service from discovery to deployment.

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San Diego Angel Conference Backs Five Companies

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The San Diego Angel Conference, an angel investing effort which is run by the University of San Diego (USD) School of Business, says it has made investments in five companies at its conference this year, worth a total of $500,000.

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Model Medicines Takes $4.1M

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San Diego-based Model Medicines, a company that is developing artificial intelligence and machine learning 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.

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Qualcomm Adds Machine Learning SDK To Snapdragon

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San Diego-based Qualcomm says that it is adding machine leaning features -- part of the core of developing artificial intelligence software -- to its Snapdraon processors, through a new SDK.