Legal News NYC

Debevoise & Plimpton Elects Eight New Partners

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 […]

News NYC

UiPath Cutting 420 Jobs

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 […]

Funding News NYC

Goldman Sachs Leads $25 Million Investment in Canoe Intelligence

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 […]

Funding News NYC

Zoi Capital Raises $200 Million Healthcare Venture Fund

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 […]

Education News NYC

NYU Launches Online Resource for Food Entrepreneurs

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. […]

Hotels NYC

Sofitel New York to Undergo Major Renovations

NEW YORK – Sofitel New York, a luxury hotel in the heart of Manhattan, is launching a comprehensive refurbishment project. This initiative, coinciding with the 60th anniversary of Sofitel this year, marks a significant milestone for the brand, reflecting its commitment to dynamic and refined luxury under the leadership of CEO Maud Bailly. Sofitel New […]

Funding News NYC

PayPal Leads $20 Million Investment in Gynger

NEW YORK — Gynger, which has developed an embedded financing platform for technology purchases, has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital. Gynger plans to use the new funding to scale its team and operations and accelerate its vision of transforming […]

Airlines News NYC Transportation

The First Delta One Lounge Now Open at JFK

Delta is now welcoming guests to its newest and most exclusive destination: The Delta One Lounge at New York’s John F. Kennedy International Airport. Located between Concourses A and B in Terminal 4, the sweeping 39,000-plus-square-foot Delta One Lounge – the first of its kind, and larger than any Delta Sky Club – offers a […]

Funding News NYC

K Health Corrals $50 Million in Funding

NEW YORK — K Health, an AI Primary Care platform, has raised $50 million in funding led by Claure Group, with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP. Primary care is a critical part of the US […]

Legal News NYC

Davis Polk Law Firm Elects Six New Partners

NEW YORK — The law firm of Davis Polk & Wardwell LLP has announced that Aaron Ferner, Zachary Frimet, David Kennedy, Brett McMahon, Michael Senders and Aliza Slansky have been elected partners of the firm, effective July 1, 2024. Davis Polk has more than 1,000 lawyers worldwide. Aaron Ferner is a member of Davis Polk’s Finance […]

Construction News NYC Transportation

AirTran to JFK Reduced to $4.25 Per Ride

The Port Authority of New York & New Jersey is reducing the AirTrain JFK single ride fare by 50 percent starting July 1 through Labor Day to encourage the use of public transit when accessing John F. Kennedy International Airport. A record number of travelers will take to the sky while the airport’s $19 billion […]

Funding News NYC

Point72 Leads $31 Million Series B in Adonis

NEW YORK — Adonis, a healthcare financial technology platform based in New York City, has raised $31 million in Series B financing led by Point72 Private Investments. Point72 is run by Steve Cohen, owner of the New York Mets. Point72 Private Investments was joined by new investor Kin Ventures, along with existing investors General Catalyst, […]

Hotels News NYC

EOS Hospitality Takes Over William Vale Hotel in Brooklyn

BROOKLYN — EOS Hospitality, a full-service hotel management company that specializes in operating luxury urban hotels and resorts, has taken over management of The William Vale Hotel, a modern luxury boutique hotel in Williamsburg, marking EOS’s first property in the New York City market. “We are excited to expand the EOS portfolio through the acquisition of a premier urban-resort […]

Healthcare Hospital News NYC

NY-Presbyterian Leads Nation in Organ Transplants

NewYork-Presbyterian, one of the largest, most experienced transplant hospitals in the nation, performed 953 transplant surgeries in 2023, more than any other hospital in the U.S., according to the United Network for Organ Sharing. This includes heart, lung, liver, kidney, intestine, and pancreas transplants from deceased donors, as well as living donor transplantation for kidney […]

Funding News NYC

Anterior Unlocks $20 Million Series A

NEW YORK — Anterior, a company using AI to transform healthcare administration, has completed a $20 million Series A funding round. The funding round was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion Global, and Neo. Previously named Co:Helm, the company recently rebranded to Anterior. Anterior is on a mission to unlock doctors and […]