With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in NYC Tech News for the week ending 8/26 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for HIFI, Wagmo, Hugging Face, and much, much more.
Ramp – $300M
Ramp, a corporate card and all-in-one spend management platform, has raised $300M in additional funding from investors that include Thrive Capital and Sands Capital Ventures. Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $970M in reported equity funding.
Hugging Face – $235M
Hugging Face, an open-source and platform provider of machine learning technologies, has raised $235M in Series D funding led by Salesforce Ventures. Founded by Clement Delangue, Julien Chaumond, and Thomas Wolf in 2016, Hugging Face has now raised a total of $395.2M in reported equity funding.
Wagmo – $8.9M
Wagmo, the pet insurance platform, has raised $8.9M in funding according to a recent SEC filing. The filing indicates that the total offering is for $12M and there were eight investors in this close. Founded by Alison Foxworth and Christie Horvath in 2018, Wagmo has now raised a total of $24.5M in reported equity funding.
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Sizzle AI – $7.5M
Sizzle AI, a free AI-powered tutoring app that helps students solve problems step-by-step, has raised $7.5M in Venture funding from investors that include 8VC and Owl Ventures. Sizzle AI was founded by Jerome Pesenti in 2022.
HIFI – $6.7M
HIFI, a financial rights organization for the music industry, has raised $6.7M in funding according to a recent SEC filing. The filing indicates that this round comes from sixty-seven investors. Founded by Damian Manning in 2013, HIFI has now raised a total of $13M in reported equity funding.
Xscape Photonics – $3M
Xscape Photonics, a provider of photonic chips for high-speed connections in high-performance computing systems and data centers, has raised $3M in funding according to a recent SEC filing. The filing indicates that the round comes from two investors. Founded by Alexander Gaeta, Vivek Raghunathan, and Yoshi Okawachi in 2022, Xscape Photonics has now raised a total of $13M in reported equity funding.
CipherStash – $2.9M
CipherStash, an in-use encryption platform for databases, has raised $2.9M in funding according to a recent SEC filing. The filing indicates that the total offering is for $3.2M and there were twelve investors in this round. Founded by Dan Draper in 2020, CipherStash has now raised a total of $6.3M in reported equity funding.
iVerify – $1.5M
iVerify, a provider of mobile security solutions, has raised $1.5M in funding according to a recent SEC filing. The filing indicates that the total offering is for $3.1M and this close comes from a sole investor. iVerify was founded by Rocky Cole in 2023.
Bonfire Analytics – $1M
Bonfire Analytics, an AI-driven lead generation platform for healthcare companies, has raised $1M in funding according to a recent SEC filing. Bonfire Analytics was founded by Vinay Nagaraj and Jaya Pokuri in 2022.
