Daily business news in New York
Internet giant Amazon.com announced it will donate $1.75 million toward a new STEAM (Science, Technology, Engineering, Arts, and Math) high school in Onondaga County in Upstate New York. The STEAM school project, which is currently being called STEAM at Syracuse Central, is a joint effort from the City of Syracuse, the Syracuse City School District, […]
Marriott International, the world’s largest hotel company, announced the test of a pilot program for contactless arrival kiosks at two Manhattan hotels. The smart kiosks are now available at the Moxy NYC Times Square (photo above) and Courtyard New York Manhattan/Midtown East, Upon arrival, guests who prefer low-contact interactions can skip the traditional check-in altogether and […]
NEW YORK — Comet, a developer of Machine Learning Operations (MLOps) solutions, has raised $13 million in Series A funding led by Scale Venture Partners and existing investors including Trilogy Equity Partners and Two Sigma Ventures. Comet provides a self-hosted and cloud-based MLOps solution that enables data scientists and teams to track, compare, explain and […]
NEW YORK — Early results from an NYU Health study show that a new combination drug therapy is safe and effective against advanced skin cancer in patients who were not able to have their tumors surgically removed. The drug combination is among the first, researchers say, to demonstrate the potential value of a live common […]
NEW YORK – Amtrak’s best customers can now get free food and beverages in the Metropolitan Lounge at the newly opened Moynihan Train Hall in New York City. The lounge is available only for Amtrak Guest Rewards Select Executive and Select Plus members, Acela First Class and private room customers and Single-Day Pass holders, with same-day reservations. With […]
GREEN ISLAND, NY — Ecovative, an Upstate NY company using mycelium technology to create sustainable packaging, has landed a $60 million Series D round to grow mycelium materials better and faster, in key markets, at industrial scale. Mycelium is a fungus that is the root structure of mushrooms. Founded in 2007, Ecovative has mastered the science of […]
NEW YORK — Rightway, a healthcare technology company looking to revolutionize care navigation and pharmacy benefits, has raised $100 million in Series C financing and giving the company a valuation of $1.1 billion. The round was led by Khosla Ventures, with participation from Thrive Capital, Tiger Global Management, and other existing investors. Rightway says it […]
NEW YORK — TripleLift, one of the largest advertising technology platforms in the world, has agreed to receive a majority investment from private equity firm Vista Equity Partners. The amount of the investment wasn’t revealed. Vista is a global investment firm focused on enterprise software, data and technology-enabled businesses, and plans to help TripleLift accelerate global […]
LATHAM — Plug Power Inc., a leading provider of hydrogen solutions based in Upstate NY, together with Brookfield Renewable Partners L.P., announced plans to build a green hydrogen production plant utilizing 100% renewable energy from Brookfield Renewable’s Holtwood hydroelectric facility as part of previously announced partnership. The plant will be located along the Susquehanna River […]
BROOKLYN — Fridge No More, an instant grocery delivery service that promises deliveries in 15 minutes or less, has closed a $15.4 million Series A funding round. This will help the “cloud grocer” to expand operations across New York City and the East Coast. Fridge No More plans to grow their engineering and operations teams while […]