The pandemic has accelerated the digital shift in many industries and healthcare has been a primary beneficiary. While the rise in telehealth comes top of mind, there have been a number of innovative IoT technologies that have been deployed during the pandemic to keep patients safer and care continuously like remote tracking of insulin levels and pacemakers or non-surgical robotics used for contactless disinfection. This has led to an increase in the number of connected devices being deployed in the field and ultimately these devices need to be secure. Cylera is a comprehensive cybersecurity and intelligent platform focused on IoT in the healthcare industry. The company focuses on asset management, risk analysis, and threat detection so that healthcare organizations can be safeguarded against any vulnerabilities as the adoption of devices increases. AlleyWatch caught up with CEO and Cofounder Timur Ozekcin to learn more about the inspiration for the business, the state of the healthcare IoT market, and the company’s recent funding from Concord Health Partners and Maverick Ventures, Contour Venture Partners, Two Sigma Ventures, Dreamit Ventures, Great Oaks Venture Capital, Red Bear Angels, and Samsung NEXT.
The AlleyWatch Startup Daily Funding Report: 4/12/2021
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 4/12/2021 featuring funding details for DoControl, Tend, and much more.
The 17 Largest US Tech Startup Funding Rounds of Q1 2021
Everything you need to need to know about the largest US startup funding rounds of Q1 2021; broken down by industry, stage, investors, and more…
#NYCtech Week in Review: 4/4/21 – 4/10/21
$235M+ invested in NYC startups in the past week. NYC Tech News for the week ending 4/10 featuring news for Ramp, Walnut, and much, much more.
The Weekly Notable Startup Funding Report: 4/12/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/10/21 featuring funding details for Sendbird, Mercato, and twenty other rounds that you must know about.
Nuvocargo Raises $12M for its Digital Freight Forwarding Platform Focused on US-Mexico Trade
Freight forwarding and logistics have long been an industry that relies on disparate workflows, heavily reliant on a pen and paper model despite trillions of dollars of annual trade. The pandemic has led to an increase in digital adoption as the need to continue commerce superseded the industry’s traditional unwillingness towards anything digital. Nuvocargo is an all-in-one digital platform that’s focused on cross-border trade between the US and Mexico, a $600B+/yr market. The company offers freight forwarding, customs brokerage, insurance, and is also looking to make a mark in trade financing. Supporting businesses with unprecedented transparency and efficiency, the company grew revenue 25X during the pandemic with plans to expand its geographic footprint and headcount. AlleyWatch caught up with Cofounder and CEO Deepak Chhugani to learn more about how his own personal paint point with his family’s business led to the need for this business now, the company’s future plans, and latest funding round from investors that include QED Investors, FJ Labs, Clocktower, NFX, ALLVP, MAYA Capital, Magma Partners, One Way Ventures, and Ride Ventures.
The AlleyWatch Startup Daily Funding Report: 4/9/2021
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 4/9/2021 featuring funding details for Realworld, Schoolhouse, and much more.
AlgiKnit Raises $2.4M to Turn Kelp into Renewable Yarn and Fibers for Textile Production
As you start your spring cleaning this year, it’s likely that you’ll end up throwing away large amounts of clothing. In fact, the volume of clothing that Americans dispose of annually has doubled in the last twenty years. Only 15% of textiles are presently recycled. AlgiKnit has developed a renewable yarn that’s made from kelp, a plentiful organism that rapidly regenerates. The yarn is extremely durable and compostable. The production process can be applied to an existing factor infrastructure so there isn’t a capital-intensive investment required to switch to using materials with a significantly lower environmental footprint. AlleyWatch caught up with Cofounder and CTO Aaron Nesser to learn more about the innovative process of turning seaweed into eco-conscious textile materials, the company’s future plans, and latest round of funding led by Horizons Ventures.
The AlleyWatch Startup Daily Funding Report: 4/8/2021
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 4/8/2021 featuring funding details for Comet, Ramp, and much more.
The March 2021 US Venture Capital Funding Report
Aggregate statistics for all US funding deals by stage of funding (Early, Series A, Series B, and Late) including mention of notable rounds for March 2021.
Ethic Raises $29M for its Platform that Empowers Asset Managers to Offer Sustainable Investment Options to Clients
The popularity of socially responsible investments continues to grow. Between 2018 and 2020, sustainably invested assets under management grew to $17.1T, up 42%. This accounts for nearly 1/3 of US assets under professional management. Ethic is an asset management platform that lets advisors build socially conscious investment portfolios. The platform lets these wealth advisors purchase indexes and efficiently tailor them by opting out of individual investments that may not be suited to the client’s preferences based on 19 societal issues. The number of assets on Ethic has grown 10x since 2019 and the company now is helping wealth managers manage $760M in assets. AlleyWatch caught up with CEO and Cofounder Doug Scott to learn more about the red-hot environmental, social, and governance (ESG) market, the company’s future plans, and latest round of funding from investors that include Oak HC/FT, Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund, and Kapor Capital.