Daily business news in the Great State of New York!
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 […]
NEW YORK — Coast, which offers a simple way for companies in the United States to manage fuel and fleet spending, has raised $92 million in new funding. The round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, and Better Tomorrow Ventures, as well as new investor Vesey Ventures. The company also secured $67 million in committed debt capital […]
BROOKLYN — Goalsetter, a spending, saving, wealth building and financial education platform designed for the whole family, has closed a $9.6 million Series A extension round. This newest round for Goalsetter was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund. Series A investors Fiserv, Webster Bank, Seae Ventures, Astia Fund, and Partnership Fund for New York City also participated in the round along with new investors Reseda Group and InTouchCU. […]
NEW YORK — Carbyne, a next-generation provider of public safety communications, has secured an undisclosed investment from AT&T Ventures. The investment follows a successful launch of the relationship between AT&T and Carbyne, which was announced in June. AT&T has invested alongside existing investors Cox Enterprises (through Socium Ventures), Hanaco Growth, GMR International., Former CIA Director General David Petraeus, General Global […]
NEW YORK — FlexPoint, a payments automation platform for managed service providers (MSPs) and the businesses they serve, has raised $35 million of capital through a combination of debt and equity to fund the growth of the company and its vision to provide MSPs with a financial platform to grow and run their businesses. The […]