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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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BlockFraud Finds $5M For Anti-Fraud Software

socalTECH

Santa Monica-based BlockFraud , a developer of machine learning and artificial intelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. The funding was led by Palisades Venture Capital. READ MORE>>.

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LA, and Southern California's Surge In Venture Capital Funds

socalTECH

Investment interests: Consumer Internet, eCommerce, enterprise software, cloud computing, financial technology, advertising technology. Managing Director: Bill Maris (formerly of GV/Google Ventures) Investment interests: Health care investments. Fika Ventures. Section 32. www.section32.com. Fund size: $230M fund. HashTagOne.

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Cylance Gets $20M For Security Tools

socalTECH

Irvine-based cybersecurity software developer Cylance announced today that it has raised $20M in a Series B funding, which came from Blackstone, Khosla Ventures, Fairhaven Capital and un-named private investors. Cylance says it is applying artificial intelligence, algorithmic science and machine learning to cyber security.

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Qulab Applies Artificial Intelligence To Drug Design

socalTECH

Los Angeles-based Qulab , a biopharmaceuticals startup developing artifical intelligence software aimed at small molecule drug design, said on Wednesday that it has launched its first product, Quleap. He also attended USC's Viterbi School of Engineering as a Ph.D.

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Sixgill Rolls Out Machine Learning Tool

socalTECH

Santa Monica-based software developer Sixgill has launched a new product this morning, saying it has unveiled a new application called HyperLabel, which helps developers, engineers, and data scientists implement machine learning. Sixgill is venture backed by DRW Venture Capital and Mobile Financial Partners.

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What’s the Business Model for Artificial Intelligence in Healthcare?

Xconomy

These are heady times for using artificial intelligence to extract insights from healthcare data—in particular, from the tidal wave of information coming out of fields like genomics and medical imaging. This story is part of an ongoing Xconomy series on A.I. in healthcare.