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Thankful Takes $12M For AI Efforts

socalTECH

Venice, California-based Thankful, a new artificial intelligence software startup focused on customer service, announced this morning that it has raised $12M in its Series A funding round. The funding was led by Alpha Edison, and also included Bonfire Ventures, Ten-One-Ten, Greycroft, Omega, and Miramar Ventures.

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Syntiant Finds $35M More For AI Chips

socalTECH

Irvine-based Syntiant , a developer of processors used for artificial intelligence applications, has raised $35M more in the company's Series C funding round. Syntiant develops low power chips used for neural networking, and edge-based artificial intelligence (AI) applications, including voice recognition. READ MORE>>.

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Trio Of SoCal Investors Back Welltok

socalTECH

Three, local venture capital investors -- Miramar Venture Partners , Okapi Venture Capital , and Qualcomm Ventures -- are part of a group investing $22.1M in healthcare software developer Welltok , which announced a big funding round this morning. Miramar and Okapi are in Orange County, and Qualcomm is in San Diego.

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Jeda Networks Takes On Storage Networks

socalTECH

Venture Partners and Miramar Venture Partners. The firm said it is developing software defined, storage networking techniques aimed at solving complexity, cost and scalability issues with current storage networks. Former Paciolan CFO and COO Amit Kothari is the company's Chief Financial Officer. READ MORE>>.

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Solarflare Raises $22.2M More

socalTECH

Irvine-based Gigabit Ethernet semiconductor developer Solarflare Communications has raised $22.2M more in a funding round, according to a regulatory filing by the firm on Tuesday. READ MORE>>.

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Predixion Software Snags $20M More For Predictive Analytics

socalTECH

San Juan Capistrano-based Predixion Software , the predictive analytics software firm headed by Simon Arkell, has raised $20M in a Series C financing, the company said this morning. The new funding came from Accenture and GE Ventures, two strategic investors in the company, along with new investor Frost Venture Partners.

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SolarFlare Raises $22M More

socalTECH

SolarFlare , the developer of high speed networking devices, has raised a new, big $22.0M funding round, according to a regulatory filing from the firm. funding round, which opened December 21st. SolarFlare develops low latency, high bandwidth 10GbE adapters and related products. out of an ongoing $23.8M READ MORE>>.

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