Daily business news in the Great State of New York!
GLEN COVE, NY — Standard Bots, a pioneer in robotics automation, has raised $63 million in total funding, with its recent Series B round led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next. The company has already successfully launched its RO1 robotic arm and is now preparing to bring its […]
NEW YORK — Shaped.ai, an AI recommendation and search platform for marketplaces, e-commerce, and content companies, has raised $8 million in funding and launched their new self-serve cloud product. Founded by AI veterans from Meta and Uber, Shaped helps enterprises leverage their own data, tap into large language models, and quickly and securely build relevant […]
NEW YORK – New York City Mayor Eric Adams, New York City Sheriff Anthony Miranda, and New York City Police Department (NYPD) Commissioner Edward Caban announced the results of enforcement actions taken last night against two illegal cannabis operators warehousing illegal cannabis and other products in the Throgs Neck area of the Bronx. Led by […]
Splash Car Wash, headquartered in Milford, CT, has opened its 41st New York location, an express wash located in the Syracuse suburb of Clay. This marks Splash’s third greenfield site opened this year and seventh in the last twelve months. Splash now has over 70 car washes open or under development in NY, CT, VT and MA […]
Governor Kathy Hochul announced the results of the July 4th holiday traffic safety enforcement drive. State and local law enforcement issued more than 37,000 tickets over the Fourth of July enforcement campaign this year. Additional patrols over the holiday weekend targeted reckless and aggressive driving and included sobriety checkpoints. The enforcement campaign, which ran from […]
Stop & Shop, a chain of supermarkets owned by Ahold Delhaize of the Netherlands, plans to close 32 underperforming stores by the end of 2024 including seven in New York. Following the closures, Stop & Shop will continue to have a strong presence across its five-state footprint with more than 350 stores. Stop & Shop […]
Debevoise & Plimpton LLP — a New York-based law firm with over 900 lawyers — has elected eight new partners. Almas Daud, Morgan Davis, Andrew J. Gershon, Yana Mereminsky, Sheena Paul, Mai Shapiro, Paulina Stanfel and Jenny Wheater will become partners of the firm, effective July 1. Almas Daud is based in the London office and a member of the firm’s Finance Group. Her practice […]
NEW YORK — UiPath, an enterprise automation and AI software company, announced a restructuring to reduce operating expenses. These actions include an overall reduction of 10% of the Company’s global workforce of approximately 4,200 as of July 1, 2024, with most of this reduction expected to occur by the end of the first quarter of […]
NEW YORK — Canoe Intelligence, the financial technology company powering smarter alternative investment management, has completed a Series C financing round of $36 million, led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads. This latest round marks a significant milestone for Canoe, representing a more than […]
Big Four accounting firm Ernst & Young LLP plans to invest $1 billion over three years in talent and technology to revolutionize the experience of early career accounting professionals and improve the attractiveness of the profession. This investment includes a significant increase in starting salaries for recent graduates, artificial intelligence (AI)-enabled audit and tax platforms, an […]
NEW BERLIN, NY — Chobani, a food and beverage company known for its high-quality Greek Yogurt, has launched its first-ever shelf-stable low-fat dairy milk, Chobani Super Milk. This latest product innovation is nutrient rich and is made specifically to be donated to support people impacted by disasters as well as at food pantries and shelters […]
ROCHESTER – Constellation Brands, a leading maker of alcoholic beverages, has officially moved to its new global headquarters at the historic Aqueduct Building campus located at 50 East Broad Street in downtown Rochester, NY. To mark the occasion, the company welcomed state and local elected officials to the space for a grand opening press event and […]
NEW YORK — Zoi Capital, a venture capital firm specializing in artificial intelligence (AI) solutions for healthcare, has raised $200 million for their Health AI Fund I. Founded by Mayo Clinic-trained cardiologist Dr. Ronald M. Razmi and Brian K. Beeler, former Executive VP and General Counsel of Horizon Therapeutics, the co-founders and Managing Directors share more than 50 […]
New York is offering free access to state pools this summer as part of the “Get Offline, Get Outside” campaign to promote physical and mental health in kids. The program is looking to encourage New York’s kids and families to put down their phones and computers, take a break from social media, and enjoy recreation […]
The NYU Food Environment and Policy Research Coalition and Food & Society at the Aspen Institute are launching Open Access NYC, a free portal with local resources to help food entrepreneurs establish and grow their businesses. The digital one-stop-shop provides current and aspiring small business owners with guidance on business planning, securing funding, obtaining permits and licenses, and sustainable growth. […]