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 2/7 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Osmo, Alaffia Health, ORION Security, and much, much more.
Osmo – $70M
AI • Digital Scent • Enterprise Software
Osmo, a digital scent design company developing AI-powered olfaction technology, has raised $70M in Series B funding led by Two Sigma Ventures. Founded by Alex Wiltschko and Andy Palmer in 2023, Osmo has now raised a total of $130M in reported equity funding.
Alaffia Health – $55M
AI • HealthTech • InsurTech
Alaffia Health, an AI-powered platform that helps automate review and reduce waste in health insurance claims for health plans, has raised $55M in Series B funding led by Transformation Capital. Founded by Adun Akanni and TJ Ademiluyi in 2020, Alaffia Health has now raised a total of $71.6M in reported equity funding.
ORION Security – $32M
AI • Cybersecurity • Enterprise Software
ORION Security, a data security platform for preventing enterprise data exfiltration with contextual monitoring and analysis, has raised $32M in Series A funding led by Norwest. ORION Security was founded by Jonathan Kreiner and Nitay Milner in 2024. AlleyWatch broke the news in an exclusive covering the round and much more – ORION Security Raises $32M for its AI-Powered Platform That Prevents Data Leaks Without Policies
Orchard – $30M
PropTech • Real Estate • FinTech
Orchard, a real estate brokerage enabling homeowners to buy before selling their homes, has raised $30M in additional funding from investors that include . Founded by Court Cunningham and Phil DeGisi in 2017, Orchard has now raised a total of $302M in reported equity funding.
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Daytona – $24M
AI • Developer Tools • Infrastructure
Daytona, an infrastructure platform for secure, scalable execution of AI-generated code in isolated sandboxes with programmatic control for developers and AI systems, has raised $24M in Series A funding led by Firstmark. Founded by Goran Draganic, Ivan Burazin, and Vedran Jukic in 2023, Daytona has now raised a total of $38M in reported equity funding.
Prometheum – $23M
Blockchain • FinTech • Crypto
Prometheum, a market infrastructure provider for blockchain securities issuance, trading, custody, and settlement, has raised $23M in additional funding from investors that include . Founded by Aaron Kaplan, Alexander Shapiro, and Benjamin Kaplan in 2023, Prometheum has now raised a total of $86.2M in reported equity funding.
Pasito – $21M
AI • HR Tech • Employee Benefits
Pasito, an AI-powered employee benefits communication and decision-support platform for personalized benefits education and engagement, has raised $21M in Series A funding led by Insight Partners. Founded by Pauline Roteta in 2021, Pasito has now raised a total of $24.4M in reported equity funding.
Cadastral – $9.5M
AI • PropTech • Commercial Real Estate
Cadastral, an AI agent for end-to-end commercial real estate workflows from due diligence to contracts, has raised $9.5M in Venture funding from investors that include Navitas, JLL Spark Global Ventures, AvalonBay, Equity Residential, and 1Sharpe. Cadastral was founded by Aman Dhesi and Abhinav Somani in 2023.
Whetstone Research – $9M
Blockchain • DeFi • Crypto
Whetstone Research, a protocol for on-chain price discovery and liquidity bootstrapping for decentralized markets, has raised $9M in Seed funding led by Pantera Capital. Founded by Austin Adams in 2024, Whetstone Research has now raised a total of $10.3M in reported equity funding.
Advance – $8.55M
FinTech • InsurTech • Payments
Advance, a platform that simplifies payment collection and management for insurance agencies, MGAs, and carriers, has raised $8.55M in Seed funding led by nvp capital. Advance was founded by Gal Dreiman and Omer Rimoch in 2024.
Arbor – $6.3M
AI • Enterprise Software • Analytics
Arbor, an AI-powered operational listening and insights platform that captures and analyzes frontline voice data, has raised $6.3M in Seed funding led by 645 Ventures. Arbor was founded by Kelly Zhou, Veronica Ma, and Ashish Dsa in 2022.
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Flock AI – $6M
AI • E-commerce • Fashion Tech
Flock AI, a generative AI-powered visual commerce platform for fashion and beauty brands to create customized, on-brand model and product imagery at scale, has raised $6M in Seed funding led by Work-Bench. Founded by Malavika Reddy and Manvitha Mallela in 2022, Flock AI has now raised a total of $7.5M in reported equity funding.
Sorella Labs – $5.2M
Blockchain • DeFi • Crypto
Sorella Labs has raised $5.2M in funding according to a recent SEC filing. The filing indicates that the total offering is for $5.5M and there were ten investors in this close. Founded by Karthik Srinivasan and Ludwig Thouvenin in 2022, Sorella Labs has now raised a total of $12.4M in reported equity funding.
CloudForge – $3.95M
AI • B2B • Supply Chain
CloudForge, an AI-powered prospecting and deal engine for the metals supply chain, has raised $3.95M in Venture funding from investors that include Zero Infinity Partners, Resolute Ventures, and Bienville Capital. Founded by Benjamin Marans and Christopher Holt in 2022, CloudForge has now raised a total of $7.9M in reported equity funding.
Ceremonia – $3.5M
Consumer • Beauty • E-commerce
Ceremonia, a Latinx hair care brand, has raised $3.5M in funding according to a recent SEC filing. The filing indicates that the round comes from thirty investors. Founded by Babba Canales Rivera in 2020, Ceremonia has now raised a total of $16.5M in reported equity funding.
Alcove – $1M
Consumer • Real Estate • Workspace
Alcove, a network of privately bookable, sound-proof productivity pods for on-demand quiet workspace, has raised $1M in additional funding from investors that include Patrick E. Murphy and Christine Wendell. Alcove was founded by Helen Knight in 2024.
