Israel-based technology startup Star says it has moved its San Diego offices to larger excavations at La Jolla Village Drive near Westfield UTC mall and UC San Diego campus. The surveillance company said in a press release that the move allows the company to continue its continued growth.
The company has developed technology that uses satellite-emitted radar to detect costly and catastrophic water leaks. Officials say the technology has saved its customers more than 170 million gallons of drinking water in the last five years.
Recently, Asterra received an award for its technology innovation from American Water Works Association. The company noted that the Toyota City car manufacturing center, Japan, has used its technology.
Asterra also said that it is undertaking a new project with San Diego County Water Authority.
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Meanwhile, an San Diego-based authentication company MiTek has acquired HooYu, located in the United Kingdom. According to a press release, the acquisition was made to enhance the use of MiTek biometrics to tackle fraudulent digital activity, such as money laundering and identity theft.
MiTek noted that money laundering is on the rise due to the limited oversight of new digital currencies. In addition, imposing new financial sanctions is likely to increase the need for security with accounts and transactions.
The use of biometric technology is a good way to ensure that companies do not deal with parties that are subject to sanctions or “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 statement.
HooYu says its technology combines identity document validation, electronic profile analysis, geographical location, facial biometrics and identity trust scores with traditional database checks and penalty checks.
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Launch La Jolla medtech Cari Health won the fourth annual San Diego Angels Conference pitch contest, which took place online last week. The company emerged from the 90 that entered the competition earlier this year.
Hera Biotechbased in Texas, and ReJoulebased in Signal Hill, won second place slots.
Cari, which is developing a portable remote monitoring system to keep patients on prescription drugs, has received $ 300,000 in annual funding concentrationwhile Hera Biotech and ReJoule received $ 100,000 each.
The conference said 75 angel investors had contributed $ 6,000 to $ 100,000 each to set up a fund for the event and then evaluated 90 startups over a three-month period to determine which ones were most likely to succeed.
The conference says it is working with more than 20 organizations in the San Diego startup ecosystem. Major sponsors are included vteams, USD Knauss School of Business, Mintz, Clearpoint Agency, SDSU, First Republic Bank, Coeptus Law and UC San Diego.
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And here are the results of another funding contest that benefits different San Diego businesses.
The online competition was attended by nine community entrepreneurs – all participants in the center’s acceleration program, which serves low- and middle-income entrepreneurs in partnership with the city of San Diego.
This group is the fifth category of accelerator, two thirds of which belong to women. The competition was the last element of the program and comes after four months of business development and guidance.
The four winners are start-ups owned by women involved in education, childcare, afro-mixed hair care and baking.
The winner of the first place, startup elevated classrooms, focuses on educational counseling and professional development services in K-12 schools, districts and other youth organizations. ElevatEd received a $ 10,000 cash prize. Jaclyn Sarnese is the owner.
Second place went to Child community of the village in preschool ageproviding childcare. Michelle DeJohnette is the businessman behind the business.
Braid Streetwhich specializes in hairdressing services, hair care seminars and styling products for the African people in San Diego under his leadership Soely Sanchezwon a third place prize of $ 2,500.
For the first time, a $ 1,500 fourth place grant was given to the founder Amaya Ford for her Mya’s Catering Companya bakery that makes homemade pastries. The other participants received $ 1,000 prizes.
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Local e-commerce startup Packet says it has raised $ 3 million in startup funding. Pack develops technology using an e-commerce platform Shopify which allows entrepreneurs to easily set up online stores.
New York start-up investor Alpaca VC led the tour with Culver City-based participation She cuts clothesas well as several angel investors.
According to an announcement, the company said that the round of financing comes after the increase of revenues by more than 100% in the last two consecutive years.
“We have created tools for developers and marketers that make showcases easy to implement and manage,” he said. Cory Cummings, co-founder and top executive of Pack. “This chapter will accelerate the delivery of users of the low-code platform to create strong front-end (stores) that allow brands to communicate with customers.
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A federal court in San Diego ruled in favor of Escondido Stone Brewing in a trademark dispute filed four years ago.
Stone said it has filed a lawsuit against MillerCoors (now Molson Coors) for illegal use of a registered trademark to rename Keystone beer to Stone.
Molson Coors sold more than $ 1.7 billion worth of Stone beer, the statement said.
The three-week trial took place before the US District Court Roger Benitez and an eight-member jury.
Stone Brewing is the 9th largest brewery in the country, but produced only 0.5% of the volume of beer produced by Molson Coors.
“This outsider victory is a victory for every craft brewery that prides itself on its independence, valuing quality above all else,” said a spokesman.
“They will put Key back in Keystone, ending their hostile four-year partnership with Stone,” said Stone co-founder Greg Koch. The Molson Coors threatened our heritage, but we resisted that threat. Well done to the legions of our fans, friends and supporters who believe in the good that craft beer brings. This is your victory too “.
Tom York is a Carlsbad-based freelance journalist specializing in business and economics writing. If you have news tips you want to share, send them firstname.lastname@example.org.
Tom York on Business: Israeli Earth Observation Firm Expands in San Diego Source link Tom York on Business: Israeli Earth Observation Firm Expands in San Diego