Humans produce 2.5 quintillion bytes of data each day. By 2025, this figure is expected to increase to 463 exabytes. Business applications are responsible for much of this data and the conversation has shifted from enterprise data collection to how best to efficiently process this vast pool of data. Virtualitics is a data analytics and 3D visualization platform that helps businesses make sense of this data and offers easy-to-digest visual and actionable insights. The Pasadena-based startup has concentrated its efforts on serving the defense industry with its technology but with this funding, Virtualitics plans to expand its commercial offering to servicing the healthcare, finance, industrial IoT, and motorsports markets as a part of its plans to develop a broader customer base. LA TechWatch caught up with CEO and Cofounder Michael Amori to learn more about the core technology that fuses analytics and visualization, the company’s future plans, and latest round of funding led by North Sound Ventures.
Data and Analytics
Retina Makes Understanding Customer Lifetime Value Possible Even Before a Sale
Customer lifetime value (CLV) is the single most important metric for understanding your customers and their behavior. Without a solid understanding of it, it becomes nearly impossible to understand your marketing efforts and predict profitability. Retina is leveraging AI and data analytics to understand CLV before a customer makes a purchase for high-growth consumer companies. According to its data, the customer intelligence platform is able to lift CLV by 44%, generating 8x more return on ad spend while improving marketing efficiency by 30%. Presently, the platform is focused on companies that are doing ~$10M in revenue but plans to roll out its offering to mid-sized businesses is in the works. The level of specialized data that Retina is able to provide has traditionally been reserved for large companies with entire in-house data teams. LA TechWatch caught up with Cofounder and CEO Emad Hasan to learn more about the company’s mission to democratize the access to data that drives high-value sales, future plans, the LA Tech ecosystem, and much, much more.
This LA Startup Just Raised $3M for its Marketing Intelligence Platform For Digital Ads
Digital advertising spend is expected to be a $330B by 2021 globally according to Statista. As more and more money runs into the space, it’s important that brands and agencies have the right tools at their disposal to properly assess the effectiveness of these digital dollars. Enter Pathmatics, a marketing intelligence platform performs a number […]
MedPilot Modernizes Medical Bill Collection Using Big Data and Analytics
Medical bills are among the most dreaded type, often encompassing dozens of pages that are not very easily understand. Having patients easily understand these bills and the associated correspondences so are the lifeblood of medical practices that rely on that revenue to operate. MedPilot has built a sophisticated software-driven platform that serves as the perfect intermediary […]
Ordermark Raises $9.5M to Streamline Online Ordering for Restaurants
Have you ever been waiting for your order at a restaurant and all the sudden mayhem erupts behind the counter as takeout orders pour in from apps like Grubhub and Seamless? It’s a chaotic sight, to say the least. LA startup Ordermark tackles this challenge for restaurant owners by directing all incoming orders onto a […]