TechNY Daily

September 9, 2021
Edition 616

TechNY15 Stock Index: 1,584.79 (+46.45) (+3.0%)
Keeping The NYC Tech Industry Informed
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Small Planet
10 min readSep 9, 2021

1. NYC’s Offchain Labs, a startup working on Ethereum scalability, has raised $120 million in a Series B funding. Lightspeed Venture Partners led the round and was joined by Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research and Mark Cuban. The company’s Arbitrum One scalability platform is already being used by 400 developers. (www.offchainlabs.com) (Coin Telegraph)

2. Brooklyn’s Quip, an oral care startup, has raised $100 million in a Series B funding. Cowen Sustainable Investments led the round. Quips subscription-based platform for dental products is being used by 7.5 million people. (www.getquip.com) (TechCrunch)

3. NYC’s Eight Sleep, a sleep tech company, has raised $86 million in a Series C round, at a valuation near $500 million. Valor Equity Partners led the round with SoftBank, Khosla Ventures, Founders Fund, General Catalyst former NY Yankee Alex Rodriguez, SF Giant’s Kris Bryant, Red Sox’s J.D. Martinez and comedian Kevin Hart also participating. Eight’s Pod technology can detect your temperature, heartbeat and breathing, and heat or cool a bed accordingly. (www.eightsleep.com) (TechCrunch)

4. NYC’s Urbint, an AI-based platform that predicts threats to critical infrastructure, has raised $60 million in a Series C funding. Energize Ventures led the round with participation by American Electric Power, OGCI Climate Investments, Energy Impact Partners, National Grid Partners, Blue Bear Capital and Salesforce Ventures. The company’s software can make predictions about construction, maintenance, and field operations failures up to a week in advance. (www.urbint.com) (VentureBeat)

5. NYC’s Knoetic, a human resources platform, has raised $18 million in a Series A funding. Accel led the round and was joined by Contrary Capital, Pear Ventures and numerous angel investors. The company’s platform combines a social network for Chief People Officers with analytic tools. (www.knoetic.com) (PR Newswire)

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6. NYC’s Grafana Labs, the company behind open source projects Grafana and Loki, has raised $220 million in a Series C funding which valued the company at $3 billion. Sequoia Capital and Coatue led the round and were joined by Lightspeed Venture Partners, Lead Edge Capital and GIC. The company, which is the commercial arm of the open source projects, connects and monitors data stored in various kinds of databases. (www.grafana.com) (GloveNewswire)

7. Google has further pushed back the reopening of its offices (including in NYC) from October 18 to January 10, 2022. Returning employees will need to be vaccinated. (CNBC)

8. Peloton is under investigation by the Securities and Exchange Commission in connection with how it publicly reported treadmill injuries. Peloton recalled its Tread treadmills last May after initially pushing back against a Consumer Products Safety Commission recall request. The recall is expected to cost Peloton $165 million in lost revenue. (www.onepeloton.com) (CNN)

9. NYC’s Ideanomics has acquired commercial electric vehicle manufacturer Via Motors. The purchase price was $450 million in Ideanomics stock. Via designs and manufacturers electric vans and trucks for short and middle-mile deliver\iesy. (www.ideanomics.com) (www.viamotors.com) (TechCrunch)

10. NYC’s Antidote Health, a telemedicine platform, has raised $12 million in a seed funding. Investors included iAngels, Well-Tech Ventures and Flint Capital. For a $29 monthly membership fee, Antidote offers unlimited telemedicine visits with in-network doctors and zero copays on most prescription drugs. (www.antidotehealth.ai) (MedCity News)

11. NYC’s Shimmer Industries, a platform that automates the design, development and deployment of large-scale lighting projects, has raised $2 million in a seed funding. VoLo Earth Ventures led the round. The company’s platform captures insights that helps building owners and managers cut their energy consumption by up to 85%. (www.shimmerindustries.com) (PRNewswire)

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TechNY Recruit Jobs
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The world’s only universal shopping app. nate is a venture-backed, intelligent automation, social shopping and payments startup, with offices in New York and London. nate just closed it’s series A round, raising 38MM from Renegade, Forerunner Ventures, Coatue and Canaan, among others.
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UX/UI Designer
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Yotpo (new)
Yotpo is a leading eCommerce marketing platform on a mission to help brands of all sizes accelerate their growth through exceptional customer experiences. Yotpo secured a $230 million fundraising round in March (you can call us a unicorn our valuation is now $1.4 billion), and our primary goal is to deliver the best technology in the industry.
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Senior Technical Recruiter
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Senior Front-End Engineer
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Director of Client Services
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Attentive
Attentive is a personalized text messaging platform changing the way consumers interact with businesses and organizations. The company is one of the fastest growing startups in New York City and recently raised a $470 million Series E investment led by Coatue in March 2021. We work with 3,500+ of the most innovative brands like Coach, Urban Outfitters, CB2, Pura Vida, Lulus, and Jack in the Box.
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Mantra Health
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Lukka
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Braavo provides on demand funding for mobile apps and games. We offer a flexible and affordable funding alternative to the traditional sources of capital like working with a VC or bank. We’re changing the way mobile entrepreneurs finance and grow their app businesses. Our predictive technology delivers on demand, performance-based funding, without dilution or personal guarantees. By providing non-dilutive, yet scalable alternatives to equity, we’re helping founders retain control of their companies.
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At Yogi, we help companies decipher customer feedback, from ratings and reviews to surveys and support requests. Companies are inundated with feedback, but when it comes to turning this data into actionable business decisions, most companies fall short. That’s where Yogi fits in.
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Upper90
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UpScored is the only career site that uses data science to connect you with jobs suited specifically to you while automatically learning your career interests. Its AI-powered platform decreases job search time by 90%, showing you the jobs you’re most likely to get (and want) in less than 2 minutes.
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Frame.io
Frame.io is a video review and collaboration platform designed to unify media assets and creative conversations in a user-friendly environment. Headquartered in New York City, Frame.io was developed by filmmakers, VFX artists and post production executives. Today, we support nearly 1 million media professionals at enterprises including Netflix, Buzzfeed, Turner, NASA & Vice Media.
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KeyMe
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Button
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Postlight
Postlight is building an extraordinary team that loves to make great digital products — come join us!
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NYC Tech Industry Virtual Event Calendar

September 15
Bolster Up Series — How to Scale Your Marketing Function
Featuring Drip CEO, John Tedesco.
Hosted by Bolster

September 15
Visual Tech Fueling the Creator Economy
Featuring OpenAI, Synthesia, Clarifai and others
Hosted by LDV Capital

October 6–7
NYC Media Lab’s Summit 2021: Future Imperfect

Contact Us for Free Listing of Your Web-based Events

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