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 a few of things that you may have missed in NYC Tech this week including the fundings, exits, and events.
Canary, a smart home security company, has raised $30 million in Series B funding led by Walden Riverwood Ventures, with participation from Cota Capital, Khosla Ventures, Flextronics International, Two Sigma Ventures and Western Technology Investment.
Mic (formerly PolicyMic), a media company focused on news for millennials, has raised $17 million in Series B funding, led by previous investor Lightspeed Venture Partners, with participation from media giant Axel Springer, LererHippeau Ventures, Netscape cofounder Jim Clark, Advancit Capital, Red Swan Ventures and the John S. and James L. Knight Foundation.
One Drop, a diabetes management software, hardware and services platform, has raised $8 million in Series A funding led by RRE Ventures, with participation from BoxGroup, LAUNCH Fund, Capital Factory, and Neu Ventures. One Drop was founded by Jeff Dachis, cofounder of the digital marketing firm Razorfish.
Cockroach Labs, a company founded by a team of ex-Googlers and focused on creating an open source database designed to scale and survive disasters, has raised $6.25 million in Series A funding led by Benchmark Capital.
Button, a pioneer in mobile deep linking, has partnered with Foursquare to enable consumers to book an Uber directly from the Foursquare app. When a Foursquare user indicates interest in going to a place they have searched for, Button’s DeepLink Commerce platform will intelligently surface an Uber button, allowing them to order an Uber with a few simple taps.
PennyOwl, a mobile smart allowance app with learning features to help parents start the money conversation early,has raised $1.3 million seed funding from investors including Richard Fontaine,Silicon Valley Bank and Enterprise Ireland.
RRE Ventures has added Raju Rishi as a general partner. Rishi joins the firm from Sigma Prime Ventures, which he’d joined after co-founding Rave Mobile Security. RRE has also promoted Alice Lloyd George to associate. She joined the firm last year as an analyst.
Image credit: Capital On Stage
Most students finish the college with just a diploma. The CUNY incubator, aka, the CUNY Center for Student Entrepreneurship, showcased 5 groups of CUNY students at their Demo Day this week, and they had a handful of amazing companies to show for all of their hard work. Smart!