Daily business news in New York!
Delta has opened two new Sky Club lounges this summer at JFK and Newark Airports. The lounges are exclusively for the airline’s Sky Club members. The new JFK lounge is the second Delta lounge at the airport and is located at Terminal 4 near Gate A7. [photo above] The nearly 14,000-square-foot Club, which seats more […]
NEW YORK — Converge Insurance, a company specializing in advanced cyber risk management and underwriting, has lanced $15 million in Series A funding from Forgepoint Capital. Forgepoint Managing Directors Don Dixon and Andrew McClure have joined the company’s Board of Directors as part of the financing. In 2021, 61% of small to medium-sized businesses (SMBs) were the target of a cyberattack. Meanwhile, 60% of […]
NEW YORK — Paccurate, a platform for optimizing carton sizes for shipping and fulfillment, has closed a $3.5 million round led by Atlanta-based Tech Square Ventures. TSV was joined by Las Olas Venture Capital and Royal Street Ventures, with significant participation from existing investors SpringTime Ventures, Grand Ventures, FirstMile Ventures, and Cannell Venture Partners. Vasant Kamath, […]
NEW YORK — Renewa, a leading land and infrastructure investor in the renewable energy industry, has secured $450 million (US) of committed capital, led by QIC, a leading institutional investment manager and advisor. The new capital will enable the company to further its mission to help advance the transition to renewable energy in the United States. Renewa, which owns one of […]
NEW YORK — Ramp, a finance automation platform designed to help businesses spend less, has announced a $300 million Series D investment round. The company plans to use the new capital to increase product development and expand into adjacent categories. Thrive Capital, Sands Capital, General Catalyst, Founders Fund, and other existing investors all participated in […]
ARMONK, NY and SAN FRANCISCO — IBM has decided to sell its Weather Company business to private equity firm Francisco Partners. The deal includes the popular Weather Channel website and mobile app. Terms of the deal were not disclosed. The Weather Channel cable TV network is a separate business owned by Allen Media. The assets being acquired […]
Chipmaker AMD, based in Silicon Valley, has chosen to create two state-of-the-art research and design facilities in upstate New York at the Linden Oaks Office Park in Monroe County near Rochester, and at the Westgate Business Park in the Village of Fishkill in Dutchess County. AMD has committed to creating up to 165 new jobs […]
AMHERST, N.Y. – Spectrum announced the opening this summer of a new Spectrum Mobile customer service call center in Amherst, a suburb of Buffalo, which will create 400 new local customer service positions. The positions have a starting pay of $20 per hour. The new 88,000-square-foot call center is located at 3920 Main St. in Amherst. […]
NEW YORK — New York City Mayor Eric Adams announced Wednesday that the city has provided shelter and care for more than 101,200 asylum seekers that have arrived in the five boroughs since April 2022. “With more than 101,200 asylum seekers arriving in New York City and asking for shelter, our city has now provided shelter […]
NY Governor Kathy Hochul, the U.S. Army Corps of Engineers New York District, Montauk Historical Society, and other partners celebrated the reopening of the newly restored Montauk Point Lighthouse and completion of a major coastal resiliency project to protect the historic lighthouse and associated cultural resources. The landmark, located on the easternmost point of Long […]