If the past year has proven anything, it’s that our reliance on technology will only continue to grow stronger. Companies worldwide are doing all that they can to thrive within our present world, focusing on areas like cloud computing, cybersecurity and remote work collaboration.
According to CompTIA, the technology industry is slated to reach $5 trillion in global revenue in 2021, signaling a turning point in the industry’s history.
In order to understand technology’s continuous growth, it’s important to take a look at the innovations fueling its success. Across the country, companies have been rolling out new products in order to confront challenges in sectors like healthtech, fintech and e-commerce.
In Los Angeles, the city’s biggest up-and-comers are focusing on various aspects of their business, from transforming their platforms to growing their teams. While one is optimizing the legal industry, another is making it easier for people to stay healthy.
We’ve rounded up three local tech companies you should watch to give you a taste of what the current tech scene has to offer.
Ontra is a scalable, end-to-end tech solution that automates routine and high-volume legal processes, eliminating inefficiencies found when working with traditional law firms and saving significant time and money.
What is one of the most important focuses for your business in the coming months?
We’re scaling to change the practice of law by making data and analytics foundational. Ontra processes high volume, routine legal contracts that are rich with information. Our engineering and machine learning teams are growing to understand that data better and extract actionable, valuable insights for our customers. Our vision is freedom.
We want customers to focus on what’s important to them and employees to dive into what excites them with operational support rather than burdensome structure. What are market positions for contract terms? How do opening positions affect turnaround time and final terms? We know.
Machine learning is a critical part of our evolution. Our platform and our attorney network create a virtuous cycle that will give us a new understanding of the contracts underlying almost every industry.
We are only at the beginning of the data-driven revolution that will change the way law is practiced.”
What impact will this have on the business and/or your industry?
Over the past decade, machine learning has been applied to unstructured content like news by companies like Google and Facebook. At Ontra, we apply it to the structured data found in routine legal contracts that power the legal industry and global commerce.
Early on, Google applied a human-in-the-loop system to search that incorporated each of our clicks into their algorithm. Google knows and uses our behavior to optimize in a way that Bing, without us, cannot. We built a similar system in which we use our large and growing data set to offer our attorneys predictive summaries of terms. Their feedback creates a human-in-the-loop system similar to Google’s.
We are only at the beginning of the data-driven revolution that will change the way law is practiced. We’re excited to see what emerges from our ecosystem as we become a top 100 legal services provider helping the world’s most sophisticated companies improve how they do business.
Your Super aims to make healthy eating easier with its organic, plant-based superfood products.
What is one of the most important focuses for your business in the coming months?
At Your Super, our mission is to improve people’s health with the power of plants. Health has become such an important topic and we’re dedicated to showing people how much better they can feel by eating more plant-based foods. There’s a misconception that eating healthy is difficult, but superfoods make it so easy. Our nutrient-dense superfood mixes can be added to everything from water and cereal to soups and sauces, making it very easy for people to get the nutrients they need to truly thrive.
Our focus is on getting people to add more superfoods to their daily routines. We want to get our products into millions of households and inspire a shift in the way people eat. As part of that, we recently launched Super Bars, which deliver a full serving of superfoods in a convenient snack bar.
We want to get our products into millions of households and inspire a shift in the way people eat.”
What impact will this have on the business and/or your industry?
Statistics show that 70 percent of Americans are obese, one out of three people get cancer and diabetes rates are skyrocketing. We are living in a health crisis, which makes it more important than ever to eat healthily. It’s my life’s mission to inspire people to eat healthier and as a result, have fewer people get sick. Our products are made with busy, modern lifestyles in mind, and our customers can’t imagine their lives without superfoods because they love how they feel when they take them regularly. So I think there will be a shift in the industry as people begin opting for products that offer additional health benefits.
Flowspace’s on-demand warehousing software enables customers and warehouses to manage inventory.
What is one of the most important focuses for your business in the coming months?
As Flowspace scales, we are looking for great people to join us in our mission to transform the logistics industry. It is an ambitious goal, and we are looking for critical thinkers who can manage complexity and act decisively while putting our customers first.
We are looking for critical thinkers who can manage complexity and act decisively while putting our customers first.”
What impact will this have on the business and/or your industry?
At Flowspace, we are transforming a legacy industry — logistics — to meet the needs of merchants and warehouse operators alike. The kind of rapid acceleration we’re facilitating with our technology platform needs quick thinkers; people who aren’t afraid to make good decisions and act with urgency. Shoppers are buying from brands directly and expecting faster delivery than ever before, which Flowspace makes possible at any scale.
