Daily business news in New York
SCHENECTADY — Look out Las Vegas, New York is now taking sports bets. For the first time in history, Rivers Casino in Schenectady officially began accepting legal sports bets Tuesday morning at a brand new sports lounge that has the look and feel of ones found in Las Vegas casinos. New York now joins neighboring […]
ARMONK, N.Y. and DALLAS — IBM has formed a multi-year strategic alliance with AT&T, one of the nation’s largest phone companies and owner of Warner Media. Under the agreement AT&T Communications will use IBM’s expertise to modernize AT&T Business Solutions’ internal software applications, enabling migrations to the IBM Cloud. In addition, IBM will provide infrastructure to support […]
The Hooters restaurant chain, known for its beautiful waitresses in orange shorts and t-shirts, has been acquired by private equity firms Nord Bay Capital and NY-based TriArtisan Capital Advisors. The firms bought Hooters of America, the chain’s parent company, from H.I.G. Capital (“H.I.G.”), Chanticleer Holdings and other investors. The amount of the deal wasn’t disclosed. […]
NEW YORK — Sweet Reason Beverage Co.. which sells CBD-infused sparkling water drinks, says it has raised $2.5 million to complete its seed investment round. New York venture capital firm Lerer Hippeau led the funding round with participation from RiverPark Ventures, Max Ventures, and Subversive Capital, a premier cannabis investor via Privateer Holdings, alongside a strategic group of angel investors. Launched […]
Amy’s Kitchen, a leading organic food manufacturer based in Santa Rosa, CA, has broken ground on a 389,000-square-foot specialty frozen food manufacturing facility in Goshen, Orange County NY as its East Coast hub. The facility, which will be one of the largest previously-undeveloped manufacturing plants to select New York State in more than 30 years, […]
NEW YORK — AnyVision, a computer vision company specializing in face, body, and object-recognition software, announced the close of a $74 million Series A financing round. New investment comes from M12, Microsoft’s venture fund, DFJ Growth and OG Technology Partners. Anyvision is based in Israel with U.S. headquarters in NYC. As part of the Series […]
NEW YORK — Talkspace, a healthcare company that lets users connect with over 5,000 therapists online, has raised $50 million in new financing led by Revolution Growth. Existing investors Norwest Venture Partners, Qumra Capital, Spark Capital and Compound Ventures, amongst others are also participating in the round. Talkspace will use the investment to expand access to […]
NEW YORK — Fireblocks, an enterprise platform for securing digital assets in transit, announced this week its launch out of stealth mode with $16 million in Series A funding from Cyberstarts, Tenaya Capital, Eight Roads (the proprietary investment arm of Fidelity International), Swisscom Ventures and MState. The company has offices in NY and Israel. Fireblocks’ customers, which count […]
NEW YORK — VidMob, which operates a full stack creative technology platform, has closed a $25 million Series B financing, bringing the company’s total capital raised to date to more than $45 million. This latest round of funding will be used to further develop VidMob’s award-winning technology solution, the Agile Creative Studio, aimed at helping marketers of […]
McDonald’s has opened a brand new flagship restaurant located at 1528 Broadway on the corner of 48th and Broadway in midtown Manhattan. Like other McDonald’s restaurants in NY, this one is also open 24 hours and serves Big Macs, Chicken McNuggets and french fries. Designed by Landini Associates and architecture by Progressive AE, this new McDonald’s flagship adopts […]