Daily business news in the Great State of New York!
SYRACUSE — Two months after the signing of the Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act), Senate Majority Leader Chuck Schumer and Deputy Secretary of Commerce Don Graves toured JMA Wireless’ (JMA) new state-of-the-art 5G factory in downtown Syracuse — the first and only U.S.-owned 5G manufacturing facility in the country. [Photo above: Senator […]
Paramount+, the streaming service from ViacomCBS, has released the official trailer for season two of its original series STAR TREK: PICARD. Season two of STAR TREK: PICARD will premiere on Thursday, March 3, exclusively for Paramount+ subscribers in the U.S. Following the premiere, new episodes of the 10-episode-long second season will be released weekly on […]
NEW YORK — Caden, a personal data advocacy startup, has launched to help protect consumer data and privacy. Caden’s platform empowers users to have complete control over their data and earn a profit by sharing certain data with trusted brands, while never relinquishing ownership. As a “zero-party” data platform, Caden aims to impact the market […]
NEW YORK — Accrue Savings, a merchant-embedded shopping platform that rewards consumers for saving, has raised $25 million in a Series A funding round led by Tiger Global, with participation from Aglaé Ventures, the tech investment firm backed by Groupe Arnault, Maple VC, and notable leaders such as UPS CEO Carol Tomé and Fanatics CEO Michael Rubin. […]
NEW YORK — Urban Umbrella, which offers a more aesthetically-pleasing alternative to unsightly building scaffolding in New York City, has raised $6.5 million in venture debt. The round was led by New York-based Anthos Properties, a commercial and residential real estate developer and property management company. Paul Anagnostopoulos, principal and director of acquisitions for Anthos, […]
NEW YORK — Diana Health, a healthcare provider redesigning maternity and women’s health in partnership with leading health systems, has launched with $11 million in Series A financing and a collaboration with TriStar StoneCrest Medical Center, part of HCA Healthcare, one of the largest hospital systems in the U.S. The funding, co-led by LRVHealth and .406 Ventures, with […]
NEW YORK — National law firm Wilson Elser has promoted 19 attorneys to partner, effective January 1, 2022. Wilson Elser has over 900 lawyers in 41 offices in the U.S. and an office in London. “Congratulations to our 2022 partner class as they move up the ranks of the firm,” said Wilson Elser Chair Daniel McMahon. […]
Online sportsbook BetMGM went live on Monday, becoming the fifth online sportsbook now taking bets in NY state. Following the legalization of online sports betting in the state on January 8, 2022, BetMGM has now made the Empire State the 19th US market where its gaming products are available. The other four online sportsbooks now […]
BUFFALO — Viridi Parente, a developer of point-of-use battery storage technology, has raised $94.695 million in a Series C funding round. Viridi is valued at $700 million with the new funding as it looks to manufacture fail-safe, point-of-use lithium-ion battery technology at scale. The Series C round was led by existing investor B. Thomas Golisano, the […]
NEW YORK –– Chief, a private network designed for top female executives, has decided to expand its service across the country. Beginning immediately, Chief will welcome qualified applicants throughout the U.S. to join its influential executive network. Since launching in New York in 2019, Chief’s membership has grown to over 10,000 senior women leaders in […]
ARMONK, NY — IBM announced this week it has acquired Envizi, an Australian-based data and analytics software provider for environmental performance management. This acquisition builds on IBM’s growing investments in AI-powered software, including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite, to help organizations create more resilient and […]
NEW YORK — Colgate-Palmolive has announced the winners of the Colgate Connect Challenge, its first-ever global pitch competition aimed at startups from around the world focused on developing world-changing products to promote healthy futures. The challenge sought to connect Colgate with external startups offering innovative solutions in three areas: quantified health and analytics; smart and […]
NEW YORK — Touro College and University System, one of the nation’s leading non-profit Jewish higher education institutions, wants to build a new 243,305 square-foot campus at 3 Times Square. [Photo Above: Rendering of 3 Times Square and Touro campus.] The Midtown skyscraper for 3 Times Square is located on Seventh Avenue between 42nd and 43rd […]
NEW YORK — Rokt, a leading ecommerce technology using AI and machine learning, announced that it has closed a $325 million Series E funding round led by Tiger Global, bringing the company’s valuation to $1.95 billion. The company plans to use the new funding to invest in R&D, international expansion and strategic acquisitions. Other participants in the […]
The Times-Union, a newspaper covering the Capital District and Hudson Valley, announced it has surpassed 30,000 paying subscribers for digital access to its website. The newspaper is owned by the Hearst Corporation which also owns several Connecticut newspapers as well as the San Francisco Chronicle and San Antonio Express-News. The Times-Union attributes its recent growth […]