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 7/19 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Bilt Rewards, NetBox Labs, Crash Override, and much, much more.
Bilt Rewards – $250M Venture
Loyalty & Rewards
Bilt Rewards, the loyalty and rewards platform for residential rent payments, has raised $250M in Venture funding led by GID and General Catalyst. Founded by Ankur Jain in 2021, Bilt Rewards has now raised a total of $813.3M in reported equity funding.
NetBox Labs – $35M Series B
Network Infrastructure
NetBox Labs, a platform for simplifying building and managing complex networks, has raised $35M in Series B funding led by NGP. Founded by Bill Lapcevic, Jeremy Stretch, Kristopher Beevers, Mark Coleman, Salil Jani, and Shannon Weyrick in 2023, NetBox Labs has now raised a total of $55.2M in reported equity funding.
ModernFi – $29.1M
FinTech
ModernFi, a comprehensive deposit management platform for financial institutions, has raised $29.1M in funding according to a recent SEC filing. The filing indicates that the round comes from five investors. Founded by Adam DeVita and Paolo Bertolotti in 2022, ModernFi has now raised a total of $57.3M in reported equity funding.
Crash Override – $28M Seed
Cloud Native Applications
Crash Override, a visibility platform for cloud native applications that ties together development and deployment, has raised $28M in Seed funding led by SYN Ventures and Google Ventures. Crash Override was founded by John Viega and Mark Curphey in 2022.
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Amogy – $23M Venture
Clean Energy
Amogy, a provider of ammonia-to-power solution, has raised $23M in Venture funding led by Korea Development Bank and KDB Silicon Valley. Founded by Hyunho Kim, Jongwon Choi, Seonghoon Woo, and Young Suk Jo in 2020, Amogy has now raised a total of $298.3M in reported equity funding.
Datavations – $17M Series A
Business Intelligence
Datavations, an intelligence platform for the building materials and home improvement industries, has raised $17M in Series A funding led by Forestay Capital. Founded by Philip Odelfelt in 2020, Datavations has now raised a total of $23.9M in reported equity funding.
Heron Data – $16M Series A
Document Automation
Heron Data, an automation platform for document-heavy workflows including in business lending, equipment financing, and insurance, has raised $16M in Series A funding led by Insight Partners. Founded by Dominic Kwok, Jamie Parker, and Johannes Jaeckle in 2020, Heron Data has now raised a total of $17.2M in reported equity funding. AlleyWatch’s exclusive coverage of this round – Heron Data Raises $16.6M to Automate Document-Heavy Workflows with AI
Zip Security – $13.5M Series A
Security & Compliance
Zip Security, a security, compliance and IT automation platform, has raised $13.5M in Series A funding led by Ballistic Ventures. Founded by Gabbi Merz and Joshua Zweig in 2022, Zip Security has now raised a total of $21.2M in reported equity funding.
Kaleidoscope – $5M Series A
Media & Podcasting
Kaleidoscope, a podcasting studio focused on science and technology, has raised $5M in Series A funding led by North Base Media and Burda Principal Investments. Founded by Mangesh Hattikudur and Oz Woloshyn in 2022, Kaleidoscope has now raised a total of $8.6M in reported equity funding.
Helios – $4M Seed
AI & Public Policy
Helios, an AI-powered platform for public policy professionals, has raised $4M in Seed funding led by Unusual Ventures. Helios was founded by Brandon Smith, Joe Scheidler, and Joseph A. Farsakh in 2025.
Covenant – $4M Seed
LegalTech
Covenant, an AI-powered law firm built for private market investors, has raised $4M in Seed funding led by Flybridge. Covenant was founded by Jen Berrent and Richard Perris in 2021.
Herd Labs – $3M
Cryptocurrency
Herd Labs, a crypto co-terminal for better managing on-chain smart contracts, has raised $3M in funding according to a recent SEC filing. The filing indicates that the total offering is for $5M and this close comes from a sole investor. Founded by Andrew Hong and Edward Bramanti in 2024, Herd Labs has now raised a total of $4.8M in reported equity funding.
Anadyr Horizon – $2.08M
AI & Geopolitical Intelligence
Anadyr Horizon, an AI-powered strategic warning platform for geopolitical instability, has raised $2.08M in funding according to a recent SEC filing. The filing indicates that the total offering is for $3.5M and there were six investors in this close. Anadyr Horizon was founded by Arvid Bell and Ferenc Dalnoki Veress in 2024.
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