Ordermark has become one of the fastest-growing online ordering management platforms, helping restaurants – whether small and local or large chains – manage incoming orders from all the different online ordering platforms into a single easy-to-manage dashboard. The company operates Nextbite, a virtual kitchen marketplace enabling turnkey, delivery-only restaurant brands to launch with key infrastructure in place. LA TechWatch caught up with CEO and Cofounder Alex Canter to learn more about Ordermark’s evolution from a solution originally conceived to meet the needs of his family’s deli into a robust nationwide restaurant management solution powering thousands of restaurants, the company’s experience supporting the restaurant industry through the pandemic to support their operations, the rise of virtual kitchens, and the company’s latest funding round from investors that include Softbank Vision Fund 2 and Act One Ventures, bringing the total funding raised to $150.6M for the three-year-old company.
Funded in LA
TigerConnect Raises $45M to Improve Communication Across Healthcare
Experiencing 30% revenue growth since the onset of COVID-19, TigerConnect realized that the healthcare system is ready to embrace a modern care collaboration and communication platform. The company’s platform allows healthcare professionals across various teams – urgent care, imaging centers, SNFs (registered skilled nursing facilities), etc – to instantly interact with each other and receive the latest updates and critical information on patients. The solution is trusted by than 7K + healthcare organizations to communicate and coordinate care quickly and securely via video, voice, or text. LA TechWatch caught up with CEO Brad Brooks to discuss TigerConnect’s rapid growth, the launch of its latest products, and recent funding round from investors that include HealthQuest Capital, with additional investment coming from New Leaf Ventures, Montreux Growth Partners, Norwest Venture Partners, Invus, and Industry Ventures.
The 12 Largest LA Tech Startup Funding Rounds of Q3 2020
The LA TechWatch September 2020 LA Venture Capital Funding Report
The 5 Largest LA Tech Startup Funding Rounds of September 2020
Beyond Limits Raises $133M for its Industrial and Enterprise AI Platform
Much of the focus of AI has been on data-intensive applications and consumer-facing implementations. Beyond Limits’ cognitive AI platform unleashes the power of AI for some of the most demanding verticals like energy, utilities, and healthcare. The company’s solutions are used to boost operational insights, improve operating conditions, enhance performance, and ultimately, increase profits. The company’s technology originated at Caltech’s Jet Propulsion Laboratory for NASA space missions and is now being leveraged to help some of the largest industrial enterprises and companies address their most pressing challenges with a combination of machine learning and human knowledge. LA TechWatch caught up with CEO and Founder AJ Abdallat to learn more about the state of the enterprise and industrial AI market, the company’s future plans, and recent funding round.
Incentify Raises $4.25M for its SaaS Platform to Manage Tax Credits and Incentives
The average Fortune 500 company has a portfolio of over $212M in Tax Credits and Incentives. As large as this sounds, nearly 50% of available credits and incentives (C&I) go unclaimed each year. Companies may be dissuaded by the process of applying, reporting, and maintaining these credits. Incentify is the enterprise SaaS platform that lets companies manage all aspects of tax credits and incentives.CEO Laurence Sotsky shares more on how Incentify is changing the narrative around C&I by providing analytics, reporting, and compliance in a centralized platform.
The 5 Largest LA Tech Startup Funding Rounds of August 2020
Xos Trucks Raises $20M to Make Last-Mile Delivery Cleaner and Greener
California recently passed regulations requiring that over 50% of all commercial trucks sold in the state must be zero-emissions by 2035 and other states have signed a memorandum to phase out all diesel-burning medium- to heavy-duty truck and bus sales by 2050. These new laws signal promise and opportunity for companies like Xos Trucks, the LA company building state-of-the-art OEM electric trucks that forge together battery packs, chassis, and software. Xos Trucks’ flagship X-Platform 1 is fully electric and compatible with a variety of medium-duty bodies, wheelbases, and range requirements up to 200 miles. The X-Platform 1 is often customized into Class 6 medium-duty bodies that fulfill short-range deliveries, which have been used by UPS. Xos Trucks is also developing the ET-One, a Class 8 heavy-duty truck that can carry 80,000 pounds and can travel 150 miles per charge. 65% percent of trucks on the road travel less than 150 miles per day and Xos is addressing this market with its solutions to make last-mile delivery sustainable and efficient. COO and Cofounder Giordano Sordoni shares more about Xos Trucks is disrupting an $8T industry from the ground up with saavy engineering and software.
Science 37 Raises Another $40M to Make Clinical Trials Fully Virtual
Technology allows us to instantly message or video chat with people halfway across the world, and now companies like Science 37 makes it possible to participate in clinical trials from the comfort of your own homes. Science 37 partners with pharmaceutical companies and academic institutions to design flexible, decentralized clinical trials. By making the barrier to participate lower, organizations can recruit participants faster, increase retention rates, include a representative patient population, drastically reduce the cost of trials, and accelerate the speed to market. CPO Christopher Ceppi shares more about Science37 and its plans to expand to 30+ countries, the company’s response to the pandemic, and recent funding round from investors that include PPD, Novartis, Amgen, Sanofi Ventures, GV, Glynn Capital, LifeSci Ventures, Mubadala Ventures, Lux Capital, and Redmile Group
Uniper Care Raises $4M to Reduce Loneliness in Older Adults by Helping Them Age in Place with Tech
COVID-19 is exacerbating the loneliness and isolation and this is even more true among seniors. Uniper Care is the startup that helps older adults age in place, while simultaneously reducing feelings of social isolation through technology. Uniper Care’s multi-modular platform transforms any TV or mobile device into a social assistant that enables older adults to video chat with family and friends, access remote health care, participate in interactive programs, browse photo albums, connect with peer-led groups, and meet new people. CEO and Cofounder Rami Kirshblum shares more insight about how his cofounder’s experience with his aging mother led to the founding of Uniper, how the company is growing rapidly and alleviating loneliness for seniors during the pandemic, and the company’s latest funding round led by Zeev Ventures.