Daily business news in the Great State of New York!
ITHACA, NY — Exotanium, a startup offering a cloud resource optimization and management platform, has secured $12 million in series A funding. The round, led by Cambium Capital and Celesta Capital, provides vital funds needed to support the company’s future product roadmap, including the expansion to new platforms and hyperscalers, as well as the development of a self-service […]
Damian Williams, the United States Attorney for the Southern District of New York, and Tyler Hatcher, the Special Agent in Charge of the Internal Revenue Service, Criminal Investigation, Los Angeles Field Office (“IRS-CI”), announced that JAMES ZHONG pled guilty to committing wire fraud in September 2012 when he unlawfully obtained over 50,000 Bitcoin from the […]
NEW YORK — Verizon has introduced new Prepaid plans including Unlimited for as low as $50/month with Auto Pay, offering customers even more perks including Disney+ for 6 months included. With Verizon Prepaid, customers can access great prices and device options that are flexible with no credit checks, deposits or annual contracts required – like […]
ALBANY – The State University of New York is dropping application fees across all 64 colleges and universities for two weeks now through Sunday, Nov. 6—allowing prospective students to apply to up to five campuses completely free of charge. The application fee is usually $50 per school and the potential savings could add up to […]
United Airlines has announced the airline’s 2023 summer schedule that includes adding new service to three cities – Malaga, Spain; Stockholm, Sweden; and Dubai, UAE from Newark – as well as six more flights to some of the most popular destinations in Europe, including Rome, Paris, Barcelona, London, Berlin, and Shannon. In total, United will fly to 37 cities in Europe, Africa, India and the Middle East next summer, […]
With high inflation, Social Security and Supplemental Security Income (SSI) benefits for 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration announced. On average, Social Security benefits will increase by more than $140 per month starting in January. The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more […]
NEW YORK — ARTA, a provider of fulfillment technology for high-value goods and collectibles, has secured $11 million in Series A financing. Led by AXA Venture Partners and with participation from Corazon Capital, Coelius Capital, Pari Passu Venture Partners, and Mu Ventures, the funding will help the company continue to reduce friction in fulfillment processes by expanding its technology platform, […]
The New York Marriott Marquis, one of the largest hotels in NYC with 1,971 rooms – has completed an extensive renovation over the summer. Situated in the middle of Times Square, the popular hotel includes newly designed guestrooms, restaurants, public spaces, as well as meeting and events spaces, that offer respite from, but are also […]
NEW YORK — OatFi, a company that provides working capital infrastructure for B2B payments platforms, has landed an $8 million Seed round. The round was led by QED Investors with participation from existing investors Portage Ventures, Picus Capital and Cambrian Ventures, and the addition of new investors Fin VC, Dash Fund and Lorimer Ventures. Ziv […]
Related Companies, owner of Hudson Yards, has formed a partnership with casino company Wynn Resorts to pursue a downstate casino license on the Western Yards at Hudson Yards. The plan for a resort, entertainment and gaming destination along the Hudson River will deliver thousands of permanent and construction jobs and billions in direct and indirect […]
NEW YORK — VTS, which operates a technology platform for the commercial real estate industry, has raised a Series E funding round totaling over $125 million. The funding round is led by existing VTS customer and investor CBRE Group, the world’s largest commercial real estate services and investment firm, which is providing $100 million of […]
NEW YORK — FOOD & WINE, published by Dotdash Meredith, has released its list of America’s Best New Chefs of 2022, spotlighting the 11 most talented up-and-coming chefs reinventing restaurant culture with vibrant and innovative new concepts that are deeply personal, reflecting their social and cultural influences. This year, FOOD & WINE introduces a new […]
NEW YORK — Qloo, an artificial intelligence platform for culture and taste preferences, has raised $15 million in Series B funding from Eldridge and AXA Venture Partners. This latest round of funding brings Qloo’s total capital raised to $30 million, and will enable the privacy-centric AI leader to expand its team of data scientists, enrich its technology, […]
The 2022 US Open will award more than $60 million in total player compensation for the first time in the event’s history, topping the record-breaking $57.5 million number from 2021. The two-week event at the National Tennis Center in Flushing ends this Sunday and the winner of the men’s and women’s singles final will each […]
NEW YORK — SeatGeek, a ticketing platform for live events and sports, has raised $238 million as part of a Series E financing round led by long-time investor Accel, with participation from Wellington Management, Arctos Sports Partners, and Ryan Smith, founder of Qualtrics and Smith Entertainment Group (SEG) which includes the Utah Jazz. The investment […]