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Erasca Raises $64M For Oncology Drug Development Using AI

socalTECH

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.

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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 said the Series A funding was led by DFJ, and also included Allen & Co., As part of the funding, Steve Jurvetson of DFJ will join the company''s board of directors.

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Reali Launches In San Diego

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Reali , a Silicon Valley real estate startup backed by Zeev Ventures, Signia Venture Partners, and others, has officially launched in the San Diego company. Reali announced a $20M, Series B funding in July which it said it would specifically use for the expansion to Southern California.

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Five Questions With a16z’s Vijay Pande on AI and Making New Drugs

Xconomy

Those toolsartificial intelligence and machine learning, 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.

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ServiceNow Acquires Passage AI

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ServiceNow , the developer of information technology service management software which has major operatinos in San Diego, has acquired Mountain View-based Passage AI , a developer of conversational AI tools. Passage AI was founded in 2016 and had received funding from Blumberg Capital, Storm Ventures, Engineering Capital, 11.2

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AlphaTrAI Taps QuantConnect For AI Powered Stock Trading, Picking

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San Diego-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 developed artificial intelligence software which can pick, trade, and manage stocks better than humans.

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Saxena: More Than a Tool, A.I. Must Be Used With Society in Mind

Xconomy

[ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificial intelligence. startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machine learning companies, Saxena believes A.I. As chairman of Austin, TX-based A.I.