Daily business news in the Great State of New York!
NEW YORK — Brand marketing firm Siegel+Gale has released its ninth edition of the World’s Simplest Brands based on a survey of 15,000 people in nine countries. Google was named the most Simplest Brand in the world with Amazon coming in first in the U.S. The pandemic has made people’s lives more complex, according to […]
NEW YORK — Garner Health, a healthcare data company that guides patients to the best-performing doctors and empowers healthcare providers to deliver better care, has landed a $45 million Series B round led by Redpoint Ventures with participation from Founders Fund, Thrive Capital, and Optum Ventures. To date, the company has raised over $65 million, including previous investments from […]
NEW YORK — Pair Eyewear, a direct-to-consumer eyewear brand that once appeared on the show Shark Tank, has closed a $60 million Series B funding round. The investment comes on the heels of the company’s $12 million Series A round a mere eight months earlier in April, bringing the brand’s total funding to $73.5 million […]
Google for Startups, Tech:NYC and Cornell Tech teamed up earlier this year to launch the NYC Recovery Challenge, a program designed to showcase how technology can help support job creation for New York’s small business and job seeker community. Laser-focused on job creation and retention in New York City, only startups from across the five boroughs […]
ALBANY – The State University of New York Board of Trustees announced the appointment of SUNY Oswego President Deborah F. Stanley (photo above) as interim chancellor to lead the SUNY System. President Stanley brings nearly 45 years of campus leadership to SUNY and will begin serving as interim chancellor on January 15, 2022. She is […]
NEW YORK — NewtonX, a business-to-business (B2B) market research and intelligence company, has closed a $32 million Series B funding round. The round is led by Marbruck Investments with support from Level One Fund backed by UBS O’Connor, Gaingels, and Heliad Partners. Existing investors Two Sigma, Third Prime, XFund, Story Ventures and Switch participated as well. This round brings NewtonX’s total amount of funding to $47 […]
NEW YORK – Cockroach Labs, the company behind the leading cloud-native distributed SQL database CockroachDB, has landed $278 million in Series F funding at a valuation of $5 billion. The investment round was led by Greenoaks with participation from Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and […]
NEW YORK —The Juilliard School, one of the nation’s top performing arts colleges, has received a grant of $50 million for its Music Advancement Program (MAP) from Crankstart. This transformational grant furthers MAP’s mission to increase access to arts education for communities historically underserved and underrepresented in classical music. Crankstart is family foundation based in […]
NEW YORK — Andie, a swimwear and underwear brand created for every woman, every activity and every body, has landed an $18.5 million Series B funding. The round was led by Marcy Venture Partners with participation from previous investors including CityRock and Gaingels. Celebrated for its meticulous fit process backed by 1.5 million data points […]
SCHENECTADY — French investment group Eurazeo is acquiring a controlling stake in Beekman 1802, a clean beauty brand offering a line of goat milk-based skincare and body care products with headquarters in Schenectady. Eurazeo is investing $62 million out of a total of $92 million to acquire a majority stake alongside co-investors Cohesive Capital Partners […]
NEW YORK — Gemini, a cryptocurrency platform, announced it raised a $400 million growth equity round last month, its first-ever outside financing, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others. This round values the company at $7.1 billion. Launched in 2015 by twin […]
Hyatt Hotels Corporation has officially opened the Hyatt Place New York Chelsea. The new 510-room, 45 story hotel offers business and leisure travelers contemporary rooms equipped with modern technology, blush bedding, dedicated work and seating areas and some of the best, unobstructed views of the Empire State Building and One World Trade. Guests can enjoy […]
NEW YORK — Rebag, a website for buying, selling and trading luxury items, has landed a $33 million Series E funding round, led by private equity firm Novator, with participation from existing investors including General Catalyst. This brings the company’s total funding raised to $101 million. Rebag also operates retail stores in NYC, Miami, Greenwich […]
NEW YORK — The Empire State Building (ESB), in partnership with Bank Street College of Education, has updated, interactive lesson plans for student group visits to its brand new $165 million Observatory upgrade. The curriculum follows New York State Learning Standards for STEAM (science, technology, engineering, arts, and mathematics) and social studies curricula and has grade level appropriate lesson plans for elementary, […]
NEW YORK — Claroty, a cybersecurity company for cyber-physical systems (CPS) across industrial, healthcare, and enterprise environments, announced Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, as a co-lead investor in its $400 million Series E funding round. The round brings the company’s total funding to $635 million, making it the most well-funded cybersecurity […]