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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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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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Halla Finds $1.4M For Online Grocery Personalization

socalTECH

A brand new, Los Angeles-based artificial intelligence startup, Halla , announced on Wednesday that it has raised $1.4M According to Halla, the funding was led by E&A Venture Capital, an early stage food industry investor, and also included SOSV. The company said it has now raised a total of $1.9M

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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

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Temasek Funds New AI Effort In San Diego, Aicadium

socalTECH

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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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. How can startups make money in this emerging field? This story is part of an ongoing Xconomy series on A.I.

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Some of the Best Reads for Casual Friday: Artificial Intelligence

Xconomy

Fridays can be the most productive work day, as you look to shore up everything before the weekend starts. This week, we’re focusing on artificial intelligence, one of the buzziest fields in tech. Fear not: Xconomy has done the work for you, bringing a smattering of some of the most interesting reads out there.