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.
LATechTalk
The LA TechWatch Startup Daily Funding Report: 2/24/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/24/2021 featuring funding details for Emotive and much more.
The LA TechWatch Startup Daily Funding Report: 2/23/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/23/2021 featuring funding details for PacketFabric and much more.
LA Tech Week in Review: 2/14/21-2/20/21
LA Tech news for the week ending 2/20 featuring news for Artie, Pex, and much, much more…
The LA TechWatch Startup Daily Funding Report: 2/22/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/22/2021 featuring funding details for Magical, GeoOptics, and much more.
Metropolis Raises $41M to Modernize the Experience of Parking in Cities with Technology
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.
The LA TechWatch Startup Daily Funding Report: 2/18/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/18/2021 featuring funding details for Artie, Basil Street Cafe, and much more.
The LA TechWatch Startup Daily Funding Report: 2/17/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/17/2021 featuring funding details for talkshoplive and much more.
The LA TechWatch Startup Daily Funding Report: 2/16/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/16/2021 featuring funding details for Pex, Metropolis, and much more.
The LA TechWatch Startup Daily Funding Report: 2/12/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/12/2021 featuring funding details for Quilt, Savage X Fenty, and much more.
The LA TechWatch Startup Daily Funding Report: 2/10/2021
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 2/10/2021 featuring funding details for SoLo Funds, , and much more.