The Daily Startup: Machine Learning, AI Moving Into Health Care

dailystartup_D_20090806101628.jpgArt by Mike Lucas

While machine learning and artificial intelligence have become common components of Silicon Valley software startups, lesser known is their place in health care companies.  Now, some medical scientists, health systems and drug makers are using machine learning to capitalize on an explosion of data generated by advances in biological research and the introduction of electronic-medical records. Investors have noticed.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Owl Ventures, which is the follow-up act of the investing partners at Catamount Ventures, is betting $100 million on education investments.

Everything But The House, a Cincinnati startup formally known as EBTH Inc., has raised $30 million in a Series B round  of funding to make estate sales less easier on sellers.

Lerer Hippeau Ventures, one of New York’s most prolific early-stage venture firms, is raising a new fund, according to a regulatory filing. The firm is targeting a $75 million fund, Lerer Hippeau VenturesV LP, according to the filing. The firm raised a $62 million fund last year.

AgBiome LLC has attracted $34.5 million in Series B financing for its products designed to improve crop productivity, providing funding to advance its research programs and launch its first products. Funding comes from the Bill & Melinda Gates Foundation, Pontifax Global Food and Agriculture Technology Fund, and University of Texas Investment Management Co.

(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit http://on.wsj.com/DJPEVCNews, scroll to the bottom and click “try for free.”)

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Write to Mike Billings at mike.billings@wsj.com. Follow him on Twitter at @mbillings




Source: The Daily Startup: Machine Learning, AI Moving Into Health Care

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