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Overall VC Fundraising Drops 33%, But AI Investment Surges

Tech.Co

AI investments were responsible for a full 64% of all deal value going into US startups across the first half of the year, a new PitchBook report finds. This time around, the responsible party is one that hadn’t even entered the public consciousness in 2021: Artificial intelligence. It’s part of a huge 75.6%

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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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Meet the 2017 Startups from the Disney Accelerator

Tech.Co

And over the past three years, Imperson has developed conversational chatbots powered by their artificial intelligence for several Disney projects, including most recently for Walt Disney World’s Pandora – The World of Avatar , according to a press release.

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Lantern Credit Buys Machine Learning Technology

socalTECH

Newport Beach-based Lantern Credit , a fintech startup focused on the consumer credit market, said this morning that it has acquired a set of software used for machine learning. Lantern Credit said Korns previously has served at such companies as IBM, Tymshare Transaction Services, Xerox Imaging and Investment Science.

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Deckard Technologies Finds $4M For AI Property Tax Software

socalTECH

San Diego-based Deckard Technologies , a new startup founded by serial entrepreneur Neil Senturia, said on Monday that it has raised $4M in funding and launched a new company focused on using artificial intelligence (AI) to identify property tax scofflaws. The company said its latest funding was worth $500,000.

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March Capital Leads $15.5M Round In AI Startup

socalTECH

Los Angeles-based March Capital is the lead investor in an artificial intelligence startup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificial intelligence, and machine learning startups in the enterprise. READ MORE>>.

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Going long on LA, India, AI and tech infrastructure March Capital raises $300 million

TechCrunch LA

It’s another indicator that the Los Angeles technology ecosystem is coming of age, but also a sign that March’s core investment strategies — to invest in companies applying artificial intelligence to business use cases and investing in the next wave transforming computing infrastructure — are paying off.