Over the last few years, as enterprises moved to containers to deploy and build applications, there was an increased need to manage these containers. Kubernetes emerged as the orchestration platform of choice for developers. For makers of enterprise applications, they then needed solutions to deploy Kubernetes applications to their customers’ environments. In comes Replicated, an […]
Meditation for self-healing has been transformative for both physical and mental ailments. Similar to meditation, the controlled use of psychedelics has been shown to be effective in relieving your body of the stress that accumulates in the mind. This LA startup is fusing the two with technology. TRIPP is a digital psychedelics platform that uses XR to immerse users into alternative realities to improve their mental, physical, and emotional state. Available for mobile, Oculus, and Playstation VR, the data-focused company is working towards tailoring its mixed reality offering to individuals to deliver more effective solutions. 2.5M+ sessions have been completed on TRIPP since its launch in 2018. The service starts at an accessible price point – $4.99 per month. LA TechWatch caught up with CEO and Cofounder Nanea Reeves to learn more about the intersection of innovation and mental health treatments, the company’s strategic plans, and recent round of funding from investors that include Vine Ventures, Mayfield, AlphaBridge Ventures, Beni VC, Berkeley Club, CJ Group, CTR Capital, Evolution, Robert Goldberg, Tony Greenberg, Grit VC, Incisive Ventures, Inflect Health, Iter Investments, Joanna Popper, Jim Dew, Joe Polish, JLS Fund, Lionheart Ventures, Matt Mullenweg, Mike DeLuise, Murtaza Hussain, NeoKuma, Presence Capital, PsyMed Ventures, Redbeard Ventures, Re.Mind Capital, Social Leverage, WhatIf Ventures, Mike Wilson, and Mark Zittman.
While the forced lockdowns of the pandemic led to isolation and loss of connection for many, gamers were already accustomed to building connections through screens. The pandemic also led to explosive growth in gaming for those who have never picked up a controller before. Singularity 6 is a game development studio that understands that the concept of socialization in games and its debut title, Palia, is a massively multiplayer online (MMO) game that focuses on building a community versus the typical attack, weapon-focused games. Founded by Riot Games veterans, Singularity 6 focuses on gameplay that emphasizes social connection and collaboration to progress. LA TechWatch caught up with CEO and Cofounder Anthony Leung to learn more about the inspiration for the game studio, the launch of Palia, strategic plans, latest round of funding from investors that include FunPlus Ventures, Andreessen Horowitz and LVP, Transcend, Anthos Capital, and Mitch Lasky.
Customer lifetime value (CLV) is the single most important metric for understanding customer behavior. It’s nearly impossible to understand the impact of your marketing efforts and predict profitability without a focus on CLV. Retina is a customer intelligence platform that leverages AI and data analytics to understand CLV before a customer makes a purchase. Supported by better decisioning, high-growth businesses are able to target the right audience, segment, make product decisions, and drive conversions by integrating Retina into their operations. The Santa Monica-based company is trusted by companies like Penrose Hill, Ritual, Dollar Shave Club, and Nestle. LA TechWatch caught up with Cofounder and CEO Emad Hasan to learn more about how Retina is driving customer acquisition, the company’s strategic plans, latest round of funding by Alpha Intelligence Capital and Vertical Venture Partners.
The global market for mobile commerce is expected to balloon to $6.1T by 2027 from $1.9T in 2020. The pandemic has fundamentally shifted the way consumers look at e-commerce as lockdowns limited in-person activity. Businesses have had to adapt their digital strategies to address this growing interest as mobile becomes a significant driver of revenue growth. Shopify is the leading all-in-one platform for brands, small businesses, and entrepreneurs alike to establish digital storefronts. Tapcart is the mobile commerce platform that enables Shopify merchants to launch their own full-featured mobile apps – a much-needed complement in today’s digital landscape. While many e-commerce merchants have become overly reliant on paid digital, Tapcart’s easy-to-use drag and drop solution offers cost-efficient push notifications to merchants with plans to launch other value-add tools like marketing automation, personalization, and developer kits. During the uncertainty of the pandemic, the Santa Monica-based company was able to grow revenue 3x, handling mobile sale transactions exceeding $1.3B in gross merchandise value (GMV) for brands like Pier One Imports and FIGS. LA TechWatch caught up with CEO and Founder Eric Netsch to learn more about the inspiration for the business, the company’s strategic plans, and latest round of funding from investors that include Left Lane Capital, Shopify, SignalFire, Greycroft, Act One Ventures, and Amplify.LA.
There has been a meteoric rise in the popularity of NFTs with creators scrambling to find novel use cases for the digital assets. Scarcity and hedonistic benefit are two of the fundamental core elements of game design that also align well with NFTs. Mythical Games is building a player-owned economic engine to seamlessly bring NFTs to games along with a marketplace where these assets can be transacted safely and securely. The company just launched early access for Blankos Block Party, its first title and an open-world multiplayer game, that allows users to earn, buy, and sell characters in its marketplace with plans to open up the marketplace technology to publishers, developers, and creators. LA TechWatch caught up with COO Jeff Poffenbarger to learn more about building an ecosystem for blockchain-based gaming, the company’s strategic plans, and latest round of funding from investors that includeWestCap Group, 01 Advisors, Gary Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Stuck Capital.
Platforms like Klarna and Affirm have popularized buy it now, pay later platforms to distribute payments over time for e-commerce purchases. Sunbit is the buy now, pay later platform that brings the flexibility and ease of these payments for everyday services like optical care, dental visits, automobile maintenance, and election healthcare. Transactions, for amounts as low as $60 to as high as $10K, can be approved for the flexible solution within 30-seconds in 7300+ locations. LA TechWatch caught up with Cofounder and CEO Arad Levertov to learn more about how Sunbit’s platform brings consumers peace of mind with the ability to pay over time, the company’s strategic plans, and latest round of funding from investors that include Group 11, Zeev Ventures, Migdal Insurance, Harel Group, AltaIR Capital, and More Investment House.
Recurring revenue is the holy grail for businesses, bringing revenue predictability, deepened customer relationships, and high customer lifetime values. Successfully retaining customers leads to lower acquisition costs in the long term and reduced churn. Given the benefits, SaaS solutions have widely moved to subscription offerings and e-commerce businesses are also jumping in on the trend. The global subscription economy for e-commerce is expected to grow to ~$250B by 2025. ReCharge is a subscription management platform built specifically for e-commerce merchants to capitalize on this growth. Bootstrapped since its founding, the company just raised its first institutional round after growing 91% in 2020. The 15,00+ merchants using Recharge’s checkout solution include Hubble, Harry’s Art of Sport, Fiji, and Oatly. LA TechWatch caught up with CEO and Cofounder Oisin O’Connor to more about the experience of initially bootstrapping, the company’s impressive traction, the state of the e-commerce market, and recent round of funding from investors that include Summit Partners, ICONIQ Growth, and Bain Capital Ventures.
There’s a wave of challenger financial service providers that are expanding beyond basic banking to service the needs of the 47M+ immigrants in the US. The most common challenges that immigrants face when it comes to banking include building credit, language barriers, and payment services. Welcome Technologies is a mobile banking platform that focuses on improving access to banking services for immigrant communities and their families. In addition to the banking platform, the company also offers a monthly subscription service that provides users access to highly-discounted resources that include insurance, medical, dental, and pharmacy. LA TechWatch caught up with Cofounder and CEO Amir Hemmat to learn more about the challenges immigrants and their families face with banking, the company’s strategic plans, latest round of funding, which brings the total funding raised to $43M from investors that include TTV Capital, Owl Ventures, SoftBank Group Corp’s SB Opportunity Fund, Crosscut Ventures, Mubadala Capital, Next Play Capital, and Owl Capital.
Microbes are essential to all life on earth and, in fact, the most dominant form of life on Earth. The study of microbes has historically advanced society in countless ways such as the creation of the first smallpox vaccine, identifying the causes of cholera, tuberculosis, and anthrax, and the discovery of penicillin. Today, microbes in controlled settings can improve healthcare, food production, and agricultural output. Seed Health is a microbial science company that is focused on developing next-generation probiotic and live biotherapeutics for consumer use. Unlike traditional biotech companies that work to solve a single, isolated problem, Seed Health is structured as a platform that is able to synthesize its findings into a growing number of consumer use cases, following a rigorous process that handles development, validation, research, deployment and scaling up. LA TechWatch caught up with Cofounder and Co-CEO Ara Katz to learn more about the importance of microbiomes, the company’s strategic plans, and latest round of funding from investors that include The Craftory, ARTIS Ventures, GISEV, Founders Fund, and 8VC.
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.