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 8/9 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Stavtar Solutions, Polymarket, Clay, and much, much more.
Polymarket – $135.4M
Prediction Markets
Polymarket, the prediction market platform, has raised $135.4M in funding according to a recent SEC filing. The filing indicates that the total offering is for $257.5M and this close comes from twenty-three investors. Founded by Shayne Coplan in 2020, Polymarket has now raised a total of $209.4M in reported equity funding.
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Clay – $100M Series C
AI/SaaS
Clay, an AI-powered go-to-market development platform, has raised $100M in Series C funding led by CapitalG. Founded by Kareem Amin, Nicolae Rusan, and Varun Anand in 2017, Clay has now raised a total of $204M in reported equity funding.
Stavtar Solutions – $55M Series A
FinTech
Stavtar Solutions, a business spend management and expense allocation platform for the alternative asset management industry, has raised $55M in Series A funding led by Elephant. Founded by Avtar Batth and Steven Petersen in 2017, Stavtar Solutions has now raised a total of $60.3M in reported equity funding.
Rokt – $49.7M
E-commerce
Rokt, the e-commerce technology company specializing in real-time relevancy, has raised $49.7M in funding according to a recent SEC filing. The filing indicates that the round comes from seventy-eight investors. Founded by Ben Voltz, Bruce Buchanan, and Justin Viles in 2012, Rokt has now raised a total of $547M in reported equity funding.
Tavily – $20M Series A
AI/Search
Tavily, a search layer for AI applications, has raised $20M in Series A funding led by Insight Partners and Alpha Wave Global. Founded by Assaf Elovic and Rotem Weiss in 2024, Tavily has now raised a total of $25M in reported equity funding.
Elion – $9.3M Seed
HealthTech
Elion, an AI-powered research and intelligence platform for healthcare, has raised $9.3M in Seed funding led by New Enterprise Associates. Founded by Bobby Guelich and Matthew Weinberg in 2022, Elion has now raised a total of $12.6M in reported equity funding.
August – $7M Venture
LegalTech
August, an AI platform for midsize law firms, has raised $7M in Venture funding led by NEA and Pear VC. August was founded by Rutvik Rau, Thomas Bueler-Faudree, and Joseph Parker in 2023.
Bridge – $3.2M
FinTech
Bridge, an AI-powered private markets infrastructure platform for institutional investors, investment advisors, and family offices, has raised $3.2M in funding according to a recent SEC filing. The filing indicates that the total offering is for $5.1M and this close comes from thirty-six investors. Bridge was founded by Alex Goodwin and Ayo Ekhator in 2022.
