Daily business news in the Great State of New York!
NEW YORK — Nagomi Security, a provider of cyber security and threat exposure management, has emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with Seed funding from Team8, and the recent round was […]
NEW YORK — Summer Health, a digital health company offering 24/7 pediatric support to parents via text message, announced $11.65 million in Series A Funding, co-led by new investor 7wire Ventures and returning investor Lux Capital. Returning investors Sequoia Capital, Metrodora Ventures, Box Group, and Shrug Capital participated, with new participation from Pivotal Ventures, a Melinda […]
NEW YORK — Ilant Health, a provider of obesity management and cardiometabolic health solutions, announced the extension of its seed round of fundraising from $3 million to $5.5 million. The women-led startup received additional funds from a combination of new health-oriented investors, including funds from LifeX Ventures, Celtic House Asia Partners, and Cornucopian Capital, as […]
Adro, a New York-based company making financial services more accessible for international students and workers, has raised a $1.5 million pre-seed funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate. With no Social Security Number and limited U.S. credit history, international students and workers struggle to access basic banking upon arrival. Led by Amarildo Gjondrekaj (formerly of Mastercard, Harness), Sara […]
NEW YORK — Kontakt.io, a provider of Inpatient Journey Analytics for hospitals, announced an investment of $47.5 million, led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs). The capital will support the company’s growth and expansion of Artificial Intelligence (AI) solutions. Kontakt.io enables health systems to optimize patient, staff, and resource flows, improving […]
NEW YORK — Snappy, which operates an online gifting platform, has closed a Series D funding round, securing $25 million in capital. This latest investment round was led by Qumra Capital with participation from 83North, Saban Ventures, Notable Capital, and Hearst Ventures, underscoring strong confidence in Snappy’s vision and its ongoing commitment to revolutionizing gifting […]
Governor Kathy Hochul announced that Empire State Development has executed a $100 million Grant Disbursement Agreement for the transformative Electron-Ion Collider project at Brookhaven National Laboratory. The agreement with the U.S. Department of Energy marks a major milestone toward bringing the world’s only next-generation EIC to Long Island and launches New York State’s investment in […]
NEW YORK — Blueground, a provider of furnished, flexible rentals for stays over 30 days, has secured $45 million in Series D funding. The round includes investments from new investor Susquehanna Private Equity Investments, along with other notable investors including WestCap. In addition, Blueground raised a debt facility from Barclays with participation from Morgan Stanley, […]
NEW YORK — Summer –– an end-to-end workplace student loan solution that saves employees money –– announced $9 million in additional funding. The round was led by Rebalance Capital and SemperVirens, with participation from General Catalyst, QED, Flourish Ventures, Partnership Fund for NYC, Fenway Summer, and Gaingels. With the round, Summer plans to expand its leadership team, grow […]
NEW YORK — SK Capital Partners, LP has announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion. The fund is the latest vintage of the Firm’s Flagship private investment strategy. “We are grateful for the support of our investors as the Firm continues its longstanding mission of building exceptional companies […]
NEW YORK — Proxima, a data intelligence software company, has closed a $12 million Series A round led by Mucker Capital. Other investors in the round include Aglae Ventures (family office of LVMH founder), Great Oaks Venture Partners, Data Point Capital, Broadway Venture Partners, FirstLook Partners and Connexa Capital. Since launching in May 2022, Proxima […]
NEW YORK — Tarsal, a security data movement company, announced the close of its $6 million seed round of funding and the appointment of cybersecurity veteran Barrett Lyon as chief technology officer (CTO). Lyon will lead the development and expansion of Tarsal’s core extract, transform and load (ETL) product. The funding round was led by Harpoon Ventures and […]
NEW YORK — Hume AI, a startup and research lab building artificial intelligence, has raised a $50 million Series B. The round, led by EQT Ventures, will support the debut and continued development of Hume’s new flagship product: an emotionally intelligent voice interface that can be built into any application. Union Square Ventures, Nat Friedman […]
CLIFTON PARK, NY — PowerGEM, a provider of simulation modeling software and technical services for the electric power industry, has received an undisclosed strategic growth investment from private equity firm TA Associates (TA). Founded in 2000 and headquartered in Clifton Park, NY, PowerGEM’s power systems transmission reliability & market simulation software products serve over 200 […]
NEW YORK — BigID, a pioneer in AI-augmented data security, compliance and privacy for modern cloud-first enterprises, has closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent. With the strong momentum of generative AI, enterprises have rushed to stand up new initiatives that drive productivity behind novel use […]