Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York for August 2023. I have included some additional information such as industry, description, round type, and total equity funding raised to further the analysis of the state of venture capital in NYC.
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
7. Kernel Foods $36.0M
Round: Series A
Description: Kernel Foods is a robot-powered fast food startup that aims to operate with as few as three employees. Founded by Steve Ells in 2023, Kernel Foods has now raised a total of $36.0M in total equity funding and is backed by Willoughby Capital, Rethink Food, Raga Partners, and Virtru Investment Partners.
Investors in the round: Raga Partners, Rethink Food, Virtru Investment Partners, Willoughby Capital
Industry: Food and Beverage, Industrial Automation, Restaurants, Robotics
Founders: Steve Ells
Founding year: 2023
Total equity funding raised: $36.0M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
6. TytoCare $49.0M
Round: Venture
Description: TytoCare is a telehealth platform for AI-powered and on-demand remote medical examinations. Founded by Dedi Gilad in 2011, TytoCare has now raised a total of $205.7M in total equity funding and is backed by Insight Partners, Tiger Global Management, Fosun International, Ping An, and OrbiMed.
Investors in the round: Clal Biotechnology Industries, Healthcare of Ontario Pension Plan (HOOPP), Insight Partners, MemorialCare Innovation Fund
Industry: Artificial Intelligence, Health Care, Home Health Care, Machine Learning, Medical Device, mHealth, Software
Founders: Dedi Gilad
Founding year: 2011
Total equity funding raised: $205.7M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
5. Simon Data $54.0M
Round: Series D
Description: Simon Data is the creator of a customer data platform that allows marketers to create complicated client categories. Founded by Frank Harris, Jason Davis, Joshua Neckes, and Matt Walker in 2015, Simon Data has now raised a total of $115.8M in total equity funding and is backed by Slow Ventures, BoxGroup, Polaris Partners, Macquarie Capital, and F-Prime Capital.
Investors in the round: .406 Ventures, F-Prime Capital, Macquarie Capital, Polaris Partners
Industry: Advertising, Analytics, Big Data, Data Integration, Marketing Automation
Founders: Frank Harris, Jason Davis, Joshua Neckes, Matt Walker
Founding year: 2015
Total equity funding raised: $115.8M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
4. Elemental Cognition $60.0M
Round: Series B
Description: Elemental Cognition builds intelligent applications that solves toughest business problems with precision and reliability. Founded by David Ferrucci in 2015, Elemental Cognition has now raised a total of $127.0M in total equity funding and is backed by Bridgewater Associates, AME Cloud Ventures, Breyer Capital, and Staged Ventures.
Investors in the round: AME Cloud Ventures, Breyer Capital, Bridgewater Associates, Staged Ventures
Industry: Artificial Intelligence, Education, Information Technology, Software
Founders: David Ferrucci
Founding year: 2015
Total equity funding raised: $127.0M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
3. Teamshares $124.0M
Round: Series D
Description: Teamshares is an employee ownership platform for small business. Founded by Alex Eu, Kevin Shiiba, and Michael Brown in 2019, Teamshares has now raised a total of $126.7M in total equity funding and is backed by Alumni Ventures, Union Square Ventures, QED Investors, Slow Ventures, and Khosla Ventures.
Investors in the round: Contrary, Inspired Capital Partners, Khosla Ventures, QED Investors, Slow Ventures, Spark Capital, Union Square Ventures
Industry: Commercial, Financial Services, FinTech, Manufacturing, Retail
Founders: Alex Eu, Kevin Shiiba, Michael Brown
Founding year: 2019
Total equity funding raised: $126.7M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
2. Hugging Face $235.0M
Round: Series D
Description: Hugging Face allows users to build, train, and deploy art models using the reference open source in machine learning. Founded by Clement Delangue, Julien Chaumond, and Thomas Wolf in 2016, Hugging Face has now raised a total of $395.2M in total equity funding and is backed by Google, NVIDIA, Amazon, Intel, and Salesforce Ventures.
Investors in the round: Amazon, AMD, Google, IBM, Intel, NVIDIA, Qualcomm, Salesforce Ventures, Sound Ventures
Industry: Artificial Intelligence, Machine Learning, Natural Language Processing, Open Source, Software
Founders: Clement Delangue, Julien Chaumond, Thomas Wolf
Founding year: 2016
Total equity funding raised: $395.2M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
1. Ramp $300.0M
Round: Series D
Description: Ramp is a finance automation platform that helps businesses spend less time and money. Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $967.0M in total equity funding and is backed by Citi, Goldman Sachs, Stripe, General Catalyst, and Soma Capital.
Investors in the round:
Industry: Finance, Financial Services, FinTech
Founders: Eric Glyman, Gene Lee, Karim Atiyeh
Founding year: 2019
Total equity funding raised: $967.0M
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
