TechNY Daily

November 3, 2021
Edition 634

TechNY15 Stock Index: 1,681.45 (-11.50) (-0.7%)
Keeping Our 50,000 NYC Tech
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Small Planet
9 min readNov 3, 2021

1. NYC’s Augury, an AI-based machine health platform, has raised $180 million in a Series E funding at a valuation over $1 billion. Baker Hughes led the round and was joined by SE Ventures and Schneider Electric. Augury’s platform monitors the “vitals” (like temperature and vibration) of critical industrial equipment and compares them to a database of over 80,000 machine sounds to defect faults before they cause downtime. (www.augury.com) (ZDNet)

2. NYC’s LivePerson has acquired VoiceBase, a Berkeley, Calif.-based voice analytics company, and TenFold, an Austin, Tex.-based customer experience integration company. The financial terms of the deals were not disclosed. The acquisitions will become part of LivePerson’s conversational AI platform. (www.liveperson.com) (www.voicebase.com) (www.tenfold.com) (VentureBeat)

3. NYC’s NYDIG, a Bitcoin technology and custody platform for institutions, has acquired British payments startup Bottlepay. The purchase price was around $300 million in NYDIG stock. Bottlepay facilitates instant payments in a range of currencies including Bitcoin. (www.nydig.com) (www.bottlepay.com) (The Block)

4. Shelton CT’s Logicbroker, a cloud-based drop ship management platform, has raised $135 million in a growth funding round. The investor was private equity firm K1 Investment Management. Logicbroker’s platform provides drop-ship and marketplace automation capabilities to brands, retailers, suppliers and third-party logistics providers. (www.logicbroker.com) (TechCrunch)

5. NYC’s Gencove, a high-throughput genome sequencing platform, has raised $10 million in a Series A funding. Lewis & Clark AgriFood led the round with participation from Spero Ventures, Techammer, Third Kind Venture Capital and Version One Ventures. Gencove combines low-pass, whole genome sequencing with a computation layer to create a high-throughput, cost-effective whole genome sequencing solution. (www.gencove.com) (PR Newswire)

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6. NYC’s Fabric, a micro-fulfillment automation platform for retailers, has raised $200 million in a Series C funding. Temasek led the round and was joined by Koch Disruptive Technologies, Union Tech Ventures, Harel Insurance & Finance, Pontifax Global Food and Agriculture Technology Fund, Canada Pension Plan Investment Board, KSH Capital, Princeville Capital and Wharton Equity. Fabric’s customers choose either a platform model to run and operate independently on their own real estate or a service model in which fulfillment is offered as a service. (www.getfabric.com) (VentureBeat)

7. NYC’s Selfbook, a platform that handles hotel payments, has raised $25 million in a Series A funding at a $125 million valuation. NYC’s Tiger Global Management led the round and was joined by Valia Ventures, Better Tomorrow Ventures, Abstract Ventures, TenOneTen Ventures, 9Yards Capital and Fin Venture Capital. Selfbook’s platform gives hotels a way to accept “one-click” payments directly on their websites while eliminating fraud and reducing chargebacks. (www.selfbook.com) (TechCrunch)

8. NYC’s Depositphotos has been acquired by VistaPrint. The purchase price was $85 million. Depositphotos, which holds 220 million royalty-free photos and other graphics created by some 100,000 contributors, had previously raised a total of $8 million from investors including TMT. (www.depositphotos.com) (Stock Photo Secrets)

9. NYC’s The Glimpse Group, a Nasdaq-traded Virtual Reality and Augmented Reality platform, has raised $15 million in an institutional investment round. The Glimpse Group trades on the Nasdaq under the symbol ”VRAR”. (www.theglimpsegroup.com) (AccessWire)

10. NYC’s Humming Homes, a home management platform, has raised $5.6 million in a seed round funding. NYC’s Greycroft led the round and was joined by NYC’s AlleyCorp, NYC’s Thrive Capital, Sound Ventures and New Valley Ventures. The company’s platform lets people monitor their homes, diagnose maintenance issues, and manage repairs and services offered by local vendors. (www.humminghomes.com) (The Real Deal)

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Small Planet
Small Planet

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