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 10/4 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Modal Labs, Valence, Baselane, and much, much more.
Modal Labs – $87M Series B
AI Infrastructure
Modal Labs, a serverless platform for AI, data and ML teams, has raised $87M in Series B funding led by Lux Capital. Founded by Akshat Bubna and Erik Bernhardsson in 2021, Modal Labs has now raised a total of $110M in reported equity funding.
Valence – $50M Series B
Enterprise AI
Valence, an enterprise AI coaching platform, has raised $50M in Series B funding led by Bessemer Venture Partners. Valence was founded by Levi Goertz and Parker Mitchell in 2017.
Baselane – $20M Series B
PropTech
Baselane, a banking and finance platform for real estate investors, has raised $20M in Series B funding led by Thomvest Ventures. Founded by Jad Yaghi, Mathias Korder, and Thorben Scheidegger in 2020, Baselane has now raised a total of $42.3M in reported equity funding.
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Blossom Health – $18.4M
HealthTech
Blossom Health, a virtual mental healthcare platform, has raised $18.4M in funding according to a recent SEC filing. The filing indicates that the round comes from twenty-nine investors. Mathias Schilling of Headline is listed as a Director in the filing. Blossom Health was founded by John Zhao in 2024.
Neura Health – $11.4M Series A
HealthTech
Neura Health, a virtual neurology clinic platform, has raised $11.4M in Series A funding led by American Heart Association. Founded by Elizabeth Burstein and Sameer Madan in 2020, Neura Health has now raised a total of $21.7M in reported equity funding.
Maximor AI – $9M Seed
FinTech
Maximor AI, an AI-powered finance automation platform for mid-market and enterprise companies, has raised $9M in Seed funding led by Foundation Capital. Maximor AI was founded by Ramnandan Krishnamurthy and Ajay Krishna Amudan in 2024.
Doorstep AI – $8M Seed
Logistics Tech
Doorstep AI, a delivery tracking visibility platform that also tracks indoors for food delivery companies, has raised $8M in Seed funding led by Canaan Partners. Doorstep AI was founded by Shashwat Murarka and Sheel Patel in 2023.
Lunos – $5M Pre-Seed
FinTech
Lunos, an agentic platform for account receivables management, has raised $5M in Pre-Seed funding led by General Catalyst and Cherry Ventures. Lunos was founded by Duncan Barrigan in 2024.
