TechNY Daily

December 1, 2021
Edition 644

Keeping Our 50,000 NYC Tech
Industry
Readers Informed and Connected
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Small Planet
9 min readDec 1, 2021

1. NYC’s Verbit, an AI-powered transcription and captioning platform, has raised $250 million in a Series E funding at a $2 billion valuation. Third Point Ventures led the round and was joined by Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next and TCP. Verbit’s platform uses machine learning and natural language processing to transcribe audio supported by a team of over 33,000 human freelancers in over 120 countries who then review and edit the material. (www.verbit.ai) (TechCrunch)

2. NYC’s nTopology, an engineering design platform, has raised $65 million in a Series D funding. NYC’s Tiger Global led the round and was joined by Oldslip Group, Root Ventures, Canaan Partners, Haystack and NYC’s Insight Partners. nTopology platform, which is focused on 3D printing and additive manufacturing, is used by companies such as Ford, Lockheed Martin and Honeywell. (www.ntopology,com) (TechCrunch)

3. NYC’s Comet, a machine learning development platform, has raised $50 million in a Series B funding. OpenView led the round and was joined by Scale Venture Partners, Trilogy Equity Partners and NYC’s Two Sigma Ventures. Comet’s platform accelerates machine learning development and is used by companies such as Ancestry, Etsy, Uber and Zappos. (www.comet.ml) (BusinessWire)

4. NYC’s YieldStreet, a crowdfunded alternative investment platform, has raised $50 million in a follow-on investment round. Mayfair Equity Partners was the investor. Yieldstreet’s 325,000 users have funded $2.5 billion of deals on its platform. (www.yieldstreet.com) (BusinessWire)

5. NYC’s Helaina, which is developing a new kind of infant milk, has raised $20 million in a Series A funding. The round was co-led by Spark Capital and Siam Capital, with participation from Plum Alley Investments and NYC’s Primary Venture Partners. Helaina uses precision fermentation to recreate immune-equivalent proteins previously only available in breast milk. (www.myhelaina.com) (Food Business News)

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6. NYC’s Gemini, the crypto exchange started by the Winklevoss twins, has raised $400 million in a Series A funding at a $7.1 billion valuation. Morgan Creek Digital led the round with participation from ParaFi Capital, Jay-Z’s Marcy Venture Partners, Jeffrey Katzenberg’s 10T Holdings, Jane Street Capital, K5 Global, WndrCo, United Talent Agency, Newflow Partners, Mogo, VanEck and Boost VC. Gemini is the 11th-largest crypto exchange in the world. (www.gemini.com) (Forbes)

7. Brooklyn’s ConsenSys, which develops and invests in projects built on the Ethereum blockchain, has raised $200 million in a venture funding round at a $3.2 billion valuation. Investors included Marshall Wace, Third Point, ParaFi Capital, Think Investments, Dragonfly Capital, Electric Capital, Spartan Group, DeFiance Capital, Animoca Brands, Coinbase Ventures and HSBC. ConsenSys is known for its plethora of blockchain products, including developer tool Infura and wallet browser extension MetaMask. (www.consensys.net) (The Block)

8. NYC’s Nexar, an AI computer vision platform, has raised $53 million in a Series D funding. The round was led by Qumra Capital with participation from State Farm Ventures, Catalyst Investments, Valor, Atreides Management, Corner Ventures, Regah Ventures and Aleph. Nexar builds digital twins of cities using data crowdsourced from hundreds of thousands of dash cams across the US. (www.getnexar.com) (PR Newswire)

9. NYC’s Anyword, a natural language generation platform for marketers, has raised $21 million in a Series B funding. The round was led by Innovation Endeavors with participation from Tomer Cohen (Chief Product Officer of LinkedIn), Amir Orad (CEO of NYC’s Sisense), Nir Eyal, Howard Lerman (CEO of NYC’s Yext), Lead Capital and Gandyr Ventures. Anyword’s language optimization platform analyzes billions of data points to create effective marketing messages. (www.anyword.com) (BusinessWire)

10. NYC’s Fund That Flip, a crowdfunded lender for real estate loans, has raised $20 million in a Series B funding. The round was led by GPO Fund of New York with participation from MassMutual Ventures and Tribeca Early Stage Partners. The company provides short-term loans to real estate redevelopers who buy and renovate residential properties. (www.fundthatflip.com) (Globe Newswire)

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Small Planet
Small Planet

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