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Algorithmia, Co-Founded By USC Grad Student, Gets $2.4M

socalTECH

A new startup, Algorithmia , which was co-founded by a USC PhD student, said today that it has raised $2.4M in a seed funding round, to go towards its online marketplace for computer software algorithms. The funding came from Madrona Venture Group, Rakuten Ventures, Deep Fork Capital, and angels. Algorithmia is based in Seattle.

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ARMORWAY Spins Out Of USC

socalTECH

A new, Los Angeles startup, ARMORWAY , has spun out of the University of Southern California, the USC Stevens Center for Innovation announced THursday. According to USC, ARMORWAY has been issued an exclusive license to commercialize software to intelligently plan randomized, security patrols for security agencies.

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Amazon Alexa Fund Backs USC Viterbi Startup Garage

socalTECH

The USC Viterbi Startup Garage , the startup accelerator that is part of the University of Southern California, has scored backing from the Amazon Alexa Fund , the venture investment arm of Amazon that invests in startups using Amazon Alexa. According to USC, the application deadline for its new cohort is September 15th.

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USC Stevens Gives $498,700 To Six Projects

socalTECH

In a bid to spur more startups out of the University of Southern California, the USC Stevens Institute for Innovation said Wednesday that it has awarded $498,700 to six research projects. USC's effort, the Ideas Empowered Program, is funded by James C.

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Jaunt, USC Link On Virtual Reality Lab

socalTECH

Virtual reality hardware and software developer Jaunt --which is backed by The Walt Disney Company, Evolution Media Partners, China Media Capital, Highland Capital Partners, Google Ventures, Redpoint Ventures, Axel Springer, ProSiebenSat.1

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Mobile Security Firms With Roots at USC Gets $5.5M

socalTECH

Lookout , a firm developing security software for mobile phones and started by two recent USC graduates, has raised $5.5M Tags: mobile security venture capital lookout flexilis. in a funding , according to the New York Times this morning. The firm was co-founded by John Hering and Kevin Mahaffey.

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USC Students Show Off Their Innovations at 2013 Innovator Showcase

Tech Zulu Event

Because the event was scheduled during Trojan Family Weekend, a weekend where parents and family from all over the nation come visit the USC campus, the event was filled with curious family members. He closed by saying, “We want USC to be a place where students and faculty come, and startups, innovation, and entrepreneurship are encouraged.”.

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