With so much happening in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. In NYC Tech News for the week ending 1/18, we keep you abreast of the things that you may have missed, including the NYC startup fundings, exits, and events featuring news for Amogy, Slingshot AI, Orchid Security, and much, much more.
Amogy – $56M Venture
Amogy, a provider of ammonia-to-power solutions, has raised $56M in Venture funding led by SV Investment Corp and Aramco Ventures. Founded by Hyunho Kim, Jongwon Choi, Seonghoon Woo, and Young Suk Jo in 2020, Amogy has now raised a total of $275.3M in reported equity funding.
NYC’S MOST ACTIVE VENTURE CAPITALISTS
We analyzed the most active investors in NYC startups from NYC and outside of New York for 2024. Read full coverage here:
The Most Active NYC Venture Capital Firms in 2024
The Most Active Non-NYC Venture Capital Firms in 2024 in New York
Slingshot AI – $40M Series A
Slingshot AI, a foundation model for psychology, has raised $40M in Series A funding led by Andreessen Horowitz. Slingshot AI was founded by Neil Parikh and Daniel Cahn in 2024.
Orchid Security – $36M Seed
Orchid Security, an identity-first security orchestration platform, has raised $36M in Seed funding led by Team8 and Intel Capital. Orchid Security was founded by Robert Wiseman, Roy Katmor, and Ido Kelson in 2023.
Air – $35M Series B
Air, a creative ops automation platform that creates a visual workplaces for teams to collaborate and manage workflows, has raised $35M in Series B funding led by Avenir. Founded by Shane Hegde in 2017, Air has now raised a total of $63M in reported equity funding.
AlleyWatch broke the news in an exclusive covering the round and much more – Creative Ops Platform Air Secures $35M to Scale Creative Workflow Automation
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Rokt – $300M Acquisition of mParticle
Rokt, the e-commerce technology company specializing in real-time relevancy, has acquired mParticle, a leading customer data platform (CDP) provider, in a $300M transaction. Read the full article: Rokt Acquires mParticle in $300M Deal to Transform E-commerce Data Analytics
Raspberry AI – $24M Series A
Raspberry AI, a generative AI platform for fashion design, has raised $24M in Series A funding led by Andreessen Horowitz. Founded by Cheryl Liu in 2022, Raspberry AI has now raised a total of $28.5M in reported equity funding.
The Snow League – $15M Venture
The Snow League, a profesional winter sports league focused on snowboarding and skiing, has raised $15M in Venture funding led by Left Lane Capital. The Snow League was founded by Shaun White and Miles Nathan in 2023.
Wize Education – $12M
Wize Education, a provider of online program-sharing in higher education, has raised $12M in funding according to a recent SEC filing. The filing indicates that the round comes from sixteen investors. Founded by Connor McCarthy and Kevin Harrington in 2015, Wize Education has now raised a total of $20.5M in reported equity funding.
Alpen Labs – $8.5M Venture
Alpen Labs, a crypto infrastructure platform focused on zero-knowledge validation for bitcoin transactions, has raised $8.5M in Venture funding led by DBA and cyber•Fund. Founded by Simanta Gautam in 2022, Alpen Labs has now raised a total of $19.1M in reported equity funding.
Alium – $7M Pre-Seed
Alium, an intelligence platform for corporate enterprise software purchasing decisions, has raised $7M in Pre-Seed funding led by Primary Venture Partners and Greycroft. Alium was founded by Jonathan Sherry and Alexandre Testu in 2020.
Syllo – $4.7M
Syllo, an AI-powered ligitation workspace for attorney, has raised $4.7M in funding according to a recent SEC filing. The filing does not include a total offering amount but does indicate that this close came from eighteen investors. Founded by Jeffrey Chivers and Theodore Rostow in 2019, Syllo has now raised a total of $9.4M in reported equity funding.
WorkGrounds – $4.5M
WorkGrounds, a platform for automating corporate hotel room blocks and bookings, has raised $4.5M in funding according to a recent SEC filing. The filing indicates that the total offering is for $7M and therew were five investors in this close. Founded by Garrett Ullom and Nikhil Sethi in 2022, WorkGrounds has now raised a total of $7.1M in reported equity funding.
Holly – $2.2M Pre-Seed
Holly, an AI platform that modernized government hiring by automating job description creation, compensation data analysis, and workforce insights, has raised $2.2M in Pre-Seed funding led by J2 Ventures. Holly was founded by Cherie Chung and Brendan Hellweg in 2023.
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