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.
Any construction project has various moving parts that need to be carefully coordinated so that projects are completed on time and on budget. More often than not, there are delays resulting from one facet of the project that ripples into the entire timeline. Curri tackles the availability of building materials with its on-demand delivery service that empowers building materials suppliers to meet the demanding needs of their customers. The company’s platform lets suppliers and distributors select from Curri’s fleet of cars, trucks, flatbeds, or vans operated by gig workers, paying for the appropriate last-mile delivery vehicle based on actual usage similar to ride-sharing. This relieves the supplier of having to maintain an in-house fleet, leading to optimized shipping costs as the last-mile delivery portion is the single most expensive part of the supply chain for building materials. LA TechWatch caught up with Growth Marketing Manager Alice Warnier to learn more about bringing tech-powered logistics to the construction industry, the company strategic plans, and latest funding from investors that include Brick & Mortar Ventures, Initialized Capital, and Rainfall Ventures.
According to IBM, the average cost of a data breach is $4M but only 29% of businesses have a cybersecurity expert on their IT team. As businesses use more and more data and as employees use more devices (the average employee now uses 2.3 devices), the potential liability increases each day. Axonius’ cybersecurity asset management platform gives enterprises a full inventory of their assets and ensures that these devices are properly being secured. The platform takes a holistic approach by integrating into existing cybersecurity tools and workflows and ensuring that all devices being used (whether physical or virtual) are compliant with the company’s security protocols. Founded by former intelligence officers from the Israeli Defense Force, the platform solves the fragmentation problem found in enterprises when it comes to security. AlleyWatch caught up with CEO and Cofounder Dean Sysman to learn more about the complexities in managing sound cybersecurity policies throughout an enterprise, the company’s future plans, and latest round of funding from investors that include Stripes, Bessemer Venture Partners, OpenView, Lightspeed, and Vertex.
Aggregate statistics for all LA funding deals by stage of funding (Early, Series A, Series B, & Late) including mention of notable rounds for February 2021.
This bi-weekly column covers the latest news from venture capital firms in LA for the second half of February 2021 including must-know news for Amplify, M13, and much more.
So much attention has been paid to improving urban mobility, starting with ride-sharing, shared scooters, bicycle lines but not much has been paid to improving the accessibility and availability of parking. Metropolis is on a mission to change that. It’s a sophisticated parking management system, powered by computer vision, that leverages technology to improve the experience of parking for both consumers and parking garage operators. With a single app, consumers can find convenient parking options and pay without having to worry about availability, payments, tips, and the like. For operators, in addition to cost savings, they are finally able to gain valuable data on capacity, utilization, and customer behavior while having their locations staffed by dedicated teams from Metropolis. LA TechWatch caught up with CEO, Cofounder, and repeat founder Alex Israel (ParkMe acquire by Inrix) to learn more about the state of the parking industry, the company’s expansion plans, latest round of funding from investors that include Starwood Capital, 01 Advisors (Dick Costolo and Adam Bain), Dragoneer, Slow Ventures, Zigg Capital, DivcoWest, RXR (Scott Rechler), Dan Doctoroff, Baron Davis, Halogen Ventures (Jesse Draper), and Gideon Hixon.
Goal setting is one of the most powerful processes to build your future. When it comes to your finances, adding in expert advice accelerates achieving those goals in a sustainable and measurable way. Albert is the personal financial advice platform that leverages technology and access to financial experts to address any aspect of your financial situation. At its core, the platform provides mobile banking complete with automated savings, equity investing, tracking, budgeting, and access to cash advances if necessary. LA TechWatch caught up with CEO Yinon Ravid to learn more about the gap that Albert fills in the consumer finance space, the company’s future plans, and latest round of funding from investors that include General Atlantic, CapitalG, Portag3, and QED Investors.
Funding up 40% in a banner year for LA Tech with ~$4.3B invested. Read on for clear, concise analysis that spans deals, IPOs, SPACs, the pipeline for the future, and much, much more in a clear, concise format.
In 2010, there were 17,000 electric cars on the road. By the end of the decade there were over 7.2M. This increase has been largely attributable to improvements in affordability and accessibility. Culver City-based Envoy is bringing electric cars to residential buildings, offices, hotels with its electric vehicle sharing service. Largely focused on the residential housing market, the company partners with building owners to offer access to its fleet of electric cars as a basic building amenity like a pool or clubhouse. LA TechWatch caught up with Cofounder and CEO Aric Ohana to learn more about Envoy’s focus on make mobility an amenity, the company’s future plans, and recent round of funding from investors that include Shell Ventures, Building Ventures, DENSO, Goodyear Ventures, GroundBreak Ventures, and the Los Angeles Cleantech Incubator Impact Fund.
Providers are turning to patient engagement to steer results in value-based care models, leading to better outcomes for both patients and physicians. Yet many of these engagement programs focus on providing a one-size-fits-all approach that does not truly engage patients due to cultural and socio-economic differences. ConsejoSano is a multicultural patient engagement platform that leverages 2M+ cultural data points to provide a tailored approach in a patient’s native language, leading to improved outcomes. Launched in 2017, the company is already working with four of the top five managed care plans in the US.
LA TechWatch caught up with Founder and CEO Abner Mason to learn more about his experience in Mexico sparked the launch of ConsejoSano, the company’s plans to scale its platform, and latest round of funding from investors that include Magnetic Ventures, The American Heart Association/Bernard J. Tyson Impact Fund, DaVita Venture Group, Salesforce Ventures, NBA All-Star Victor Oladipo, 7wireVentures, Impact Engine, Tufts Health Plan, and Wanxiang America.
Boulevard is a spa and salon management platform designed specifically to address the needs of the industry. The platform’s functionality is robust and allows facilities to manage all facets of their operations, ranging from bookings, marketing, payment, and reporting.
LA TechWatch caught up with Cofounder & CEO Matt Danna to learn more about the company’s future plans, experience working with partners during the pandemic, and latest funding round from investors that that include Index Ventures, Toba Capital, VMG Partners, Bonfire Ventures, Ludlow Ventures, and BoxGroup.