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Ferret Finds $4M For AI Tools

socalTECH

Los Angeles-based Ferret, a startup working on artificial inteligence software to help people determine who they can trust, has raised $4M in a seed funding round, according to the company. The company said it is developing machine learning algorithms which help users determine who they can trust in real time.

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Trousdale Ventures Seeds Preamble's AI Tools

socalTECH

Los Angeles-based venture investor Trousdale Ventures announced this morning that it has made an investment in Preamble, a startup offering up "ethical artificial intelligence" moderation to social networks. Size of the seed funding round was not announced.

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Theta Lake Takes $12.7M For Security, Compliance Software

socalTECH

Santa Barbara-based Theta Lake , a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M in a Series A funding. As part of the funding, Lightspeed's Arif Janmohamed joins the company's board. READ MORE>>.

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TRASH Debuts AI Video Creation Tools

socalTECH

TRASH , a startup that was part of Venice-based Snap 's Yellow accelerator program, has rolled out a new artificial intelligence (AI) video creation platform. According to TRASH, its new AI software makes it easy to create and share videos from your phone, using the AI to automatically edit those videos.

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Arianna Huffington’s Thrive Global is buying a startup that uses neuroscience to boost app usage

TechCrunch LA

Now, Thrive Global is adding a tech tool to its arsenal of cognitive behavioral therapies with the acquisition of the Los Angeles-based startup, Boundless Mind. Previous Boundless investors including Revolution’s Rise of the Rest Seed Fund and Esther Dyson will join Thrive Global’s cap table.

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Virtualitics Finds $4.4M For VR, AR Tools

socalTECH

Pasadena-based Virtualitics , a developer of analytics software aimed at the virtual reality and augmented reality application market, has raised $4.4M in a funding led by The Venture Reality Fund, the company said today. READ MORE>>.

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Elementary Robotics raises cash to expand in Los Angeles’ growing robotics hub

TechCrunch LA

million in seed funding to begin building a manufacturing facility and expand its presence in Los Angeles as the city continues to grow as a hub for robotics and automation. . Elementary Robotics has raised $3.6