Daily business news in the Great State of New York!
NY Governor Kathy Hochul attended the groundbreaking for Plug Power’s newest manufacturing facility [photo above], located at the Vista Technology Campus in Slingerlands, a suburb of Albany. The company has committed to creating 1,633 new jobs at its latest Capital Region location, complementing New York State’s push toward clean, renewable and sustainable energy. The new […]
The Durst Organization announced that American Equity Investment Life has signed a 10-year lease for 17,246 square feet on the 35th floor of its office building at 1155 Avenue of the Americas. The life insurance company, which specializes in the sale of fixed index and fixed rate annuities, is headquartered in West Des Moines, IA, […]
NEW YORK — Flume Health, a Health-Plan-as-a-Service platform that simplifies the design and management of healthcare plans, has raised $30 million in Series A funding led by Optum Ventures. New investor Cigna Ventures and existing investors Crosslink Capital, Route 66 Ventures, Accomplice, Founder Collective, Primary Venture Partners and ERA’s Remarkable Ventures Fund also participated in […]
NEW YORK — Brickworks North America Corporation, parent company of stone and brick-maker Glen-Gery Corporation, officially celebrated its global flagship Design Studio in New York City last week. Located on Manhattan’s 5th Avenue, the Brickworks New York Design Studio provides architects, designers and homeowners an upscale, stylish space to collaborate on projects, explore premium products, and attend industry […]
NEW YORK — Popchew, a startup creating the next generation of fun food brands and experiences, has raised $3.6 million in seed funding to launch a new digitally native food brand each month with creators. Long Journey Ventures led the round with participation from Jake Paul’s Anti Fund, Flybridge, WndrCo, the Uber Alumni Syndicate, and […]
NEW YORK — FreeWill, a social-good enterprise at the nexus of philanthropy and estate planning, has raised $30 million in Series B funding round led by Bain Capital Double Impact alongside existing investors. This round follows a previous Series A financing led by ICONIQ Growth, which also included QED Investors, Ulu, Highland, Pear, and HearstLab. FreeWill will use the […]
NEW YORK — S&P Dow Jones Indices (“S&P DJI”) is updating the market capitalization eligibility criteria for new additions to the S&P Composite 1500 Indices. Effective Friday, the size ranges will be updated as follows. Previous Market Capitalization Eligibility Criteria New Market Capitalization Eligibility Criteria Unadjusted company market capitalization of: – US$ 13.1 billion or more for the S&P […]
NEW YORK – The city-owned South Brooklyn Marine Terminal (SBMT) is being transformed into one of the largest offshore wind port facilities in the nation. The agreement will help establish New York as a leader in offshore wind and help the New York City meet its nation-leading climate goals of 100 percent clean electricity by […]
NEW YORK – New York City Mayor Eric Adams announced several changes to COVID-19 pandemic restrictions beginning on Monday. In the face of quickly declining COVID-19 cases and hospitalizations and more than 17 million doses of vaccines administered, Mayor Adams announced the suspension of the Key to NYC program and the removal of indoor mask mandates […]
NEW YORK — Daybase, a provider of co-working spaces, has closed on a $9.6 million seed funding round. This financing will enable further development of the company’s growing network of on-demand, professional-grade coworking locations in residential areas, along with new tools to support hybrid workers and companies. The funding round was led by True Ventures and included […]
NEW YORK — BlueVoyant, which operates a cyber defense platform, has closed a $250 million Series D funding round. Liberty Strategic Capital, a private equity firm founded and led by former U.S. Secretary of the Treasury Steven T. Mnuchin, led the round with participation from new investors as well as existing investors, including ISTARI (a Temasek […]
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, […]