Israel-based tech start-up Asterra says it has moved its San Diego offices to larger digs on La Jolla Village Drive near the Westfield UTC shopping center and University of San Diego Campus. The Earth observation company said in a press release that the move allows the company to continue its continued growth.
The company has developed technology that uses radar emitted from satellites to detect costly and destructive water leaks. Officials say the technology has saved its customers more than 170 million gallons of drinking water over the past five years.
Recently, Asterra received an innovation award for its American Water Works Association. The company noted that the Toyota City auto manufacturing center in Japan has used its technology.
Asterra also said it was embarking on a new project with the San Diego County Water Authority.
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Meanwhile, the San Diego Identity Verification Company MiTek acquired HooYu, which is in the UK. According to a press release, the acquisition was made to improve MiTek’s use of biometrics to counter fraudulent digital activities such as money laundering and identity theft.
MiTek noted that money laundering is on the rise due to limited oversight of new digital currencies. Additionally, the imposition of new economic sanctions will most likely increase the need for account and transaction security.
Using biometric technology is a good way to ensure companies aren’t doing business with sanctioned parties or passing on “dirty money,” a spokeswoman said.
The United Nations estimates that up to 3% of the world’s gross domestic product – or nearly $2 trillion – is laundered each year, according to the announcement.
HooYu says its technology combines identity document validation, online profile analysis, geolocation, facial biometrics and identity confidence scoring with traditional database checks and filtering. penalties.
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La Jolla medtech start-up Curry Health won the fourth edition San Diego Angel Conference pitch contest, which was held online last week. The company emerged from the 90 who entered the competition earlier this year.
Hera Biotechbased in Texas, and ReJoulebased in Signal Hill, took second place.
Cari, which is developing a wearable remote monitoring system to keep patients on their prescribed medications, received $300,000 in funding at the annual meeting gatheringwhile Hera Biotech and ReJoule each received funding of $100,000.
The conference said 75 angel investors contributed $6,000 to $100,000 each to create a fund for the event, then evaluated 90 startups over a three-month period to determine which were most likely to succeed.
The conference says it partners with more than 20 organizations in San Diego’s startup ecosystem. Major sponsors include vteams, USD Knauss School of Business, Mint, Clearpoint Agency, SDSU, Bank of the First Republic, Coeptus Law and UC San Diego.
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And here are the results of another fundraising contest that benefits diverse businesses in San Diego.
The online competition featured nine community entrepreneurs, all participants in the center’s Accelerator Program, which targets low-to-moderate income entrepreneurs in partnership with the City of San Diego.
This group is the fifth class in the accelerator, two-thirds of which are owned by women. The competition was the last part of the program and comes after four months of business development and mentorship activities.
The four winners are women-owned startups involved in education, childcare, Afro-mixed haircare and baking.
First place winner, startup elevated classrooms, focuses on educational counseling and professional development services for schools, districts, and other K-12 youth organizations. elevatEd received a cash prize of $10,000. Jaclyn Sarnese is the owner.
Second place went to Village Kids Early Childhood Communitywho takes care of the children. Michelle DeJohnette is the entrepreneur behind the company.
braid streetwhich specializes in protective styling services, hair care classes, and styling products for the Afro-Mestizo population of San Diego under the direction of Soely Sanchezwon a $2,500 prize for third place.
For the first time, a fourth place scholarship of $1,500 was awarded to the founder Amaya Ford for her Mya’s Catering Companya bakery that makes homemade desserts. The other participants received prizes of $1,000.
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Local e-commerce start-up Pack said to have raised $3 million in seed funding. Pack develops technology using an e-commerce platform Shopify which allows entrepreneurs to easily create online stores.
Seed-stage investor in New York Alpaca resume led the round with the participation of Culver City clothes cutsas well as several angel investors.
According to a statement, the company said the funding round comes after revenue growth of more than 100% for the past two consecutive years.
“We’ve created tools for developers and marketers that make it easier to implement and manage storefronts,” said Cory Cummings, co-founder and leader of Pack. “This capital will accelerate user delivery of our low-code platform to build powerful front ends (stores) that allow brands to communicate with customers.
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A San Diego federal court ruled in favor of the Escondido-based company stone brewing in a trademark dispute four years ago.
Stone said he filed a lawsuit against MillerCoors (now Molson Coors) for illegally using a trademark to rename its Keystone beer to Stone.
Molson Coors has sold more than $1.7 billion of its beer under the Stone brand, according to the release.
The three-week trial took place before the U.S. District Judge Roger Benitez and a jury of eight people.
Stone Brewing is the 9th largest craft brewer in the country, but produces only 0.5% of the volume of beer produced by Molson Coors.
“This underdog win is a win for every craft brewery that prides itself on being independent, valuing quality above all else,” a spokesperson said.
“They will put the ‘key’ back in ‘Keystone’ ending their four-year hostile co-op named Stone,” said Stone co-founder Greg Koch. “Molson Coors threatened our heritage, but we resisted that threat. Kudos to our legions of fans, friends and supporters who believe in the goodness of craft beer. It is also your victory.
Tom York is a Carlsbad-based freelance journalist who specializes in business and economics writing. If you have any topical tips you’d like to share, send them to [email protected]