Daily business news in the Great State of New York!
NEW YORK — Comet, a developer of Machine Learning Operations (MLOps) solutions, has raised $13 million in Series A funding led by Scale Venture Partners and existing investors including Trilogy Equity Partners and Two Sigma Ventures. Comet provides a self-hosted and cloud-based MLOps solution that enables data scientists and teams to track, compare, explain and […]
NEW YORK — Early results from an NYU Health study show that a new combination drug therapy is safe and effective against advanced skin cancer in patients who were not able to have their tumors surgically removed. The drug combination is among the first, researchers say, to demonstrate the potential value of a live common […]
NEW YORK – Amtrak’s best customers can now get free food and beverages in the Metropolitan Lounge at the newly opened Moynihan Train Hall in New York City. The lounge is available only for Amtrak Guest Rewards Select Executive and Select Plus members, Acela First Class and private room customers and Single-Day Pass holders, with same-day reservations. With […]
GREEN ISLAND, NY — Ecovative, an Upstate NY company using mycelium technology to create sustainable packaging, has landed a $60 million Series D round to grow mycelium materials better and faster, in key markets, at industrial scale. Mycelium is a fungus that is the root structure of mushrooms. Founded in 2007, Ecovative has mastered the science of […]
NEW YORK — Rightway, a healthcare technology company looking to revolutionize care navigation and pharmacy benefits, has raised $100 million in Series C financing and giving the company a valuation of $1.1 billion. The round was led by Khosla Ventures, with participation from Thrive Capital, Tiger Global Management, and other existing investors. Rightway says it […]
NEW YORK — TripleLift, one of the largest advertising technology platforms in the world, has agreed to receive a majority investment from private equity firm Vista Equity Partners. The amount of the investment wasn’t revealed. Vista is a global investment firm focused on enterprise software, data and technology-enabled businesses, and plans to help TripleLift accelerate global […]
LATHAM — Plug Power Inc., a leading provider of hydrogen solutions based in Upstate NY, together with Brookfield Renewable Partners L.P., announced plans to build a green hydrogen production plant utilizing 100% renewable energy from Brookfield Renewable’s Holtwood hydroelectric facility as part of previously announced partnership. The plant will be located along the Susquehanna River […]
BROOKLYN — Fridge No More, an instant grocery delivery service that promises deliveries in 15 minutes or less, has closed a $15.4 million Series A funding round. This will help the “cloud grocer” to expand operations across New York City and the East Coast. Fridge No More plans to grow their engineering and operations teams while […]
NEW YORK — United Airlines is back at John F. Kennedy Airport (JFK) after a five-year absence. The airline is now operating direct service to the airline’s West Coast hubs – Los Angeles International Airport (LAX) and San Francisco International Airport (SFO) from New York City. United will use its Boeing 767-300ER aircraft which features 46 business class all-aisle-access […]
Governor Andrew Cuomo has announced the expansion of COVID-19 vaccine eligibility in New York. Beginning Tuesday, all New Yorkers 30 years of age and older will be eligible to receive the vaccine. Beginning April 6, universal eligibility goes into effect and all New Yorkers 16 years of age and older will be eligible to receive […]
NEW YORK — ActionIQ, developer of an Enterprise Customer Data Platform (CDP), says it has extended its Series C financing, bringing the total capital raised in the round to $100 million. The company reports 100% growth in revenue over the past year. ActionIQ has nabbed a roster of prominent business clients, including The Hartford, Albertsons, JCPenney, and […]
NEW YORK — Squarespace, which operates an all-in-one website building and ecommerce platform, has raised a new $300 million investment round which gives the company a valuation of $10 billion. The round includes new investors Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, […]
The Walt Disney Company, parent of ESPN and the National Hockey League have agreed to a new seven-year deal that will see the return of hockey to ESPN for the first time since 2005. The new deal encompasses television and streaming rights starting with the 2021-22 season through the 2027-28 season. Hockey games will be […]
NEW YORK — TytoCare, the healthcare industry’s first all-in-one modular device and telehealth platform for AI-powered, on-demand remote medical examinations, says it has raised $50 million in a significantly oversubscribed Series D extension round, doubling the company’s valuation. This funding comes on the heels of TytoCare raising $50 million in April 2020, making for $100 million raised over the last 10 […]
NEW YORK — It’s a happy day for Happify Health, which operates a global healthcare platform to improve mental and physical health. The NY-based company announced a $73 million Series D funding round to expand its healthcare platform. The investments were led by Deerfield Management Company and included participation from Omega Capital Partners, ION Crossover […]