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 4/12 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Runway, Blackbird, Arena, and much, much more.
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Runway – $308M
AI
VIDEO
Runway, the generative AI model for video, has raised $308M in Series D funding led by General Atlantic. Founded by Alejandro Matamala Ortiz, Anastasis Germanidis, and Cristobal Valenzuela Barrera in 2018, Runway has now raised a total of $544.5M in reported equity funding.
Blackbird – $50M
BLOCKCHAIN
LOYALTY
RESTAURANT
Blackbird, a blockchain-based loyalty and payment platform for restaurants, has raised $50M in Series B funding led by Spark Capital. Founded by Ben Leventhal and Phil Toronto in 2022, Blackbird has now raised a total of $85M in reported equity funding.
Arena – $30M
AI
HARDWARE
Arena, a platform that uses AI to test, debug, and optimize advanced hardware, has raised $30M in Series B funding led by Initialized Capital, Goldcrest Capital, and Fifth Down Capital. Founded by Pratap Ranade, Rob Speare, and Engin Ura in 2019, Arena has now raised a total of $62M in reported equity funding.
Liminal – $15M
INTELLIGENCE
REGULATED MARKETS
Liminal, a real-time intelligence platform for complex markets and regulated industries, has raised $15M in Series A funding led by Noro-Moseley Partners. Founded by Jennifer Berry and Travis Jarae in 2021, Liminal has now raised a total of $17.8M in reported equity funding.
Tracera – $12M
AI
SUSTAINABILITY
Tracera, an AI-platform for helping companies understand their sustainability exposure and data, has raised $12M in Series A funding led by Foundry Group. Founded by Patrick Obeid in 2022, Tracera, which rebranded from ESG Flo, has now raised a total of $17.3M in reported equity funding.
Luzern Risk – $12M
INSURTECH
CAPITAL INSURANCE
Luzern Risk, a digital capital insurance platform, has raised $12M in Series A funding led by Caffeinated Capital. Luzern Risk, which rebranded from XN Captive, was founded by Gabriel Weiss, Rachel Jenkins, and Sam Espinosa in 2023.
Alinea – $10.4M
FINTECH
WEALTH MANAGEMENT
GEN Z
Alinea, a wealth management platform built for Gen Z, has raised $10.4M in Series A funding led by Play Ventures. Founded by Anam Lakhani and Eve Halimi in 2020, Alinea has now raised a total of $16.1M in reported equity funding.
HoneyHive – $5.5M
AI
OBSERVABILITY
HoneyHive, an AI observability and evaluation platform, has raised $5.5M in Seed funding led by Insight Partners. Founded by Mohak Sharma and Druv Singh in 2022, HoneyHive has now raised a total of $7.4M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – HoneyHive Raises $7.4M to Help Companies Deploy Reliable AI Agents to Production with Piece of Mind
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DIAMO – $4M
HOSPITALITY
REVENUE
DIAMO, a revenue platform for independent hotels, has raised $4M in Seed funding led by Inovia Capital and Thayer Ventures. DIAMO, a spin out of Life house, is led by James Kay and was founded in 2024.
SuiteOp – $3M
HOSPITALITY
SHORT-TERM RENTAL
SuiteOp, an operating system for the short-term rental and hospitality industry, has raised $3M in Seed funding led by ScOp Venture Capital. SuiteOp was founded by Jean-Emmanuel Losi and Simon Seroussi in 2022.
Light – $2M
HARDWARE
DIGITAL WELLNESS
Light, the maker of the Light phone that centers around simplicity to curb smartphone addiction, has raised $2M in funding according to a recent SEC filing. The filing indicates that the total offering is for $5M and there were four participants in this close. Founded by Joe Hollier in 2014, Light has now raised a total of $14.6M in reported equity funding.
LiquidX – $2M
FINTECH
TRADE FINANCE
LiquidX, the electronic exchange for trade finance, has raised $2M in funding according to a recent SEC filing. The filing indicates that the total offering is for $2.5M and there were two investors in this close. Founded by Jesse Bornstein and Jim Toffey in 2015, LiquidX has now raised a total of $43M in reported equity funding.
Reveal HealthTech – $1.35M
HEALTHTECH
Reveal HealthTech, a provider of technology solutions to the healthcare industry, has raised $1.35M in funding according to a recent SEC filing. The filing indicates that the total offering is for $6M and this close comes from a sole investor. Reveal HealthTech was founded by Andrew Bravo, Salim Afshar, and Sanchit Mullick in 2023.
