Nervana Systems grabs $600K

Nervana Systems has received $600,000 in seed funding. Investors in this round included Sam Altman, Geoff Ralston, Expedia CEO Dara Khosrowshahi, Allen & Company and SV Angels. Headquartered in San Diego, Nervana Systems is a maker of custom hardware for machine learning algorithms.

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Khosla Ventures and ex-Citigroup CEO Pandit back Fundbox

San Francisco-based risk engine creator Fundbox has raised $17.5 million in funding. Khosla Ventures led the round with participation from investors that included SV Angels, former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer.

Kno Seals $30M From Intel, Advance Publications, VCs

Santa Clara, Calif.-based education tablet startup Kno Inc. has inked a $30 million Series C round from Intel Capital, Conde Nast owner Advance Publications and existing investors Andreessen Horowitz, First Round Capital, FLOODGATE and SV Angels. Intel poured a whopping $20 million into the round, which will help Kno continue development of its educational software for multiple platforms and devices, including Intel Architecture. As part of the round, Intel and Kno have agreed to join forces to push the use of tablet computers for educational purposes, the company said in a statement.

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Dave McClure’s 500 Startups Joins Incubator Trend; Will VCs Respond?

The early stage/seed game is changing, and Silicon Valley’s venture firms need to start playing by the new rules. New-generation incubators are taking root, and the valley’s traditional firms aren’t participating, despite the relatively small amount of investment. First it was Y Combinator. Yuri Milner and Ron Conway’s SV Angel last month decided to give […]

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Moritz’s Provocative Claim: Silicon Valley Needs Just $400M a Year

A lot of venture capitalists are concerned about how their industry is shrinking, but Michael Moritz isn’t one of them. A partner at Sequoia Capital, Moritz was one of several VCs at yesterday’s DLA Piper Global Technology Leaders Summit who claimed the industry might be better off contracting. “I don’t think Silicon Valley needs all […]

Microsoft – Google Search War Creates Opening For Startups

Give Microsoft credit for getting itself on the same stage as Google at TechCrunch 50 with just a fraction of Google’s users — but both companies touted what appears to be demoware and are skilled marketing machines.

Microsoft this morning introduced “visual search” — the ability to use Bing to search through pictures of products in the travel, health, shopping and other categories. Want a digital camera? Scroll through an array of 1500 pictures, lined up like the racks of guns Keanu Reeves surveyed in the movie “The Matrix.”

Google this afternoon introduced Google fast flip –

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