Daily business news in the Great State of New York!
Doordash, the nation’s largest delivery service, said it would acquire NY-based Bbot, which operates a food ordering platform for restaurants. Terms of the deal weren’t released. Bbot was founded in 2017 and raised $15 million in Series A funding led by venture capital firm CRV in July 2021. The company has raised over $22 million […]
PURCHASE, NY — Pepsi is launching Nitro Pepsi, the first-ever nitrogen-infused cola that the company says is actually softer than a soft drink – it’s creamy, smooth and has a cascade of tiny bubbles topped off by a frothy foam head. The new soda will be available nationwide starting March 28. Nitro Pepsi features smaller […]
Disney Advertising, which sells ad space on ESPN’s TV networks, says it has sold out of ad inventory for the 2022 NCAA Division I Women’s Basketball Tournament from March 16 to April 3. The women’s tournament airs exclusively across ESPN networks. One of the most highly anticipated events in collegiate athletics attracted 14 sponsors and […]
ARMONK — IBM has acquired Neudesic, a U.S. cloud services consultancy specializing primarily in the Microsoft Azure platform, along with bringing skills in multicloud. This acquisition will significantly expand IBM’s portfolio of hybrid multicloud services and further advance the company’s hybrid cloud and AI strategy. Terms of the deal weren’t released. Neudesic is based in Irvine, […]
NEW YORK — Real estate company CIM Group has signed two leases totaling 70,000 square feet of space at 1440 Broadway, a 25-story, 745,000-square-foot office building anchoring the corner of Broadway and 40th Street between Manhattan’s Bryant Park and Times Square. Land’n Sea, a designer, manufacturer, and distributor of wearing apparel, will occupy 33,819 square […]
NEW YORK — Ro, a direct-to-patient healthcare company, has raised an additional $150 million exclusively from existing investors. The funding was led by ShawSpring Partners, with participation from General Catalyst, FirstMark Capital, TQ Ventures, SignalFire, BoxGroup, The Chernin Group, Initialized Capital, Altimeter Capital, Baupost Group, and Seven Seven Six. Zachariah Reitano, Co-Founder & CEO of Ro, said: “In […]
BROOKLYN — Waldo, a no-code test automation platform dedicated to mobile apps, has raised $15 million in a Series A round led by Insight Partners, with participation from existing investors Matrix Partners and First Round Capital, and new angel investors Nicolas Dessaigne (Founder of Algolia), Ben Porterfield (Co-founder of Looker), Tyler Gaffney (CEO of Zenhub), and Keenan Rice (GM at Firebolt). […]
NEW YORK — ViacomCBS announced this week the company will change its name to become Paramount Global (referred to as “Paramount”), bringing together its entertainment properties under a new parent company name. The company is putting on a full-court effort to promote its Paramount+ streaming service. “Paramount is an idea: A promise to be the […]
NEW YORK — JetBlue Airlines announced it will exercise its option to add 30 additional Airbus A220-300 aircraft to its order book, bringing the total number of A220s in the airline’s fleet and on order to 100. The aircraft’s strong economics and operational performance are a key to JetBlue’s long-term cost performance, while also enabling […]
The law firm Fried, Frank, Harris, Shriver & Jacobson LLP has elected 12 new partners and promoted 11 new special counsel, effective March 1, 2022. Fried Frank has over 500 lawyers in the U.S. and Europe. “We congratulate our new partners and special counsel,” said David J. Greenwald, Chairman of Fried Frank. “Our people are […]
NEW YORK — American Express has added Plan It, American Express’ on-card buy now, pay later feature, as a checkout option for Delta Airlines tickets on delta.com. With this update, American Express U.S. Consumer Card Members can now choose from the available Plan It options while booking Delta travel. According to an American Express survey, […]
NEW YORK — Wallaroo Labs, Inc., has closed a $25 million Series A round led by Microsoft’s venture arm, M12. Wallaroo helps enterprises easily deploy, run, and observe Machine Learning (ML) models in production at scale so they actually impact the bottom line. New investors Ridgeline Partners and NSS Advisors joined existing seed investors Boldstart […]
Nearly 150 million people watched the Super Bowl last Sunday according to measurement firm iSpot.tv. According to results from iSpot.tv’s second-by-second cross-platform measurement, Super Bowl LVI, which ran from 6:33-10:09 ET on February 13, drew an average minute audience of 121 million viewers that tuned in to watch the Los Angeles Rams defeat the Cincinnati […]
NEW YORK — Leaf Logistics, a machine learning-based transportation platform that connects shippers, carriers, and other logistics partners, has raised $37 million in Series B funding. The round was led by Sozo Ventures, with participation from Madrona Venture Group, as well as previous investors including Playground Global, Floodgate, Schematic Ventures, and Supply Chain Ventures. Notable individual investors joining the round […]
New York Governor Kathy Hochul announced the expansion of fast and flexible learning options with more than 400 microcredentials across 31 SUNY campuses to help everyone from current students to working professionals gain skills, knowledge, and experience that employers are looking for. Microcredentials are designed to be completed in a shorter timeframe than a college degree, […]