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 News this week including the fundings, exits, and events.
Learning Machine Technologies, the secure platform for digital record storage and certification that uses blockchain, has raised $3M in funding from investors that include Omidyar Network, Learn Capital, and PTB Ventures. This is the first round of funding for the startup founded by Chris Jagers, Dan Hughes, Kim Hamilton Duffy, and Ted Wehner in 2017.
Read the full story here – Learning Machine Raises $3M To Help Institutions Authenticate Documents
Hugging Face, the AI-powered social chat about founded by Clement Delangue and Julien Chaumond in 2016, has raised $3.3M in funding according to a recent SEC filing.
Vacayo is a real estate management that enables landlords to make more money by paying them to lease their properties for one year or more. Vacayo just raised $1.4M in seed round from 500 Startups, Draper Associates, Connecticut Innovations, Keystone Capital, Kirby Winfield, Garrett Koehn, and Stephen Silver.
Tailor Brands, the worlds first automated AI branding platform, has raised $15.5M in funding from investors that include Pitango Venture Capital and Armat fund. Founded by Nadav Shatz, and Yali Saar in 2014, Tailor Brands has now raised a total of $20.3M in funding over three funding rounds.
Read the full story here – This NYC Startup Just Raised $15.5M to Expand Its Creative AI Service
SALIDO, the restaurant operations management platform, has raised $12M in Series A funding led by First Data Corporation. Founded by Casey Cohen, David Guilfoyle, Matthew Gaines, and Shu Chowdhury in 2012, SALIDO has now raised a total of $16M in funding over three funding rounds.
Irene Retirement, the alternative to reverse mortgages, has raised $1.3M in funding led by IA Ventures. This is the first funding rounds for the Startup founded by Fabrizio Tiso and Wilson Keenan in 2017.
According to a recent SEC filing, Cargo, the service for rideshare drivers to earn more by dispensing products to their riders, has raised an additional $1.1M in funding through a SAFE.
Perch is a real estate company that is streamlining the buying and selling process of homes. They just $30M in Series A funding led by FirstMark and with participation from Accomplice and Juxtapose
Wing Tel is a telecommunications service that is making sure clients get the most use out of their phone data. Wing Tel raised $1M in a seed round.
Reverie is a simulation platform that uses machine learning algorithms to train AI. Their algorithms make it possible for AI to learn directly through images, sounds, texts, and other data. They raised an undisclosed amount from Resolute.vc, Vulcan Capital, Locke Mountain Ventures, and Compound.
Localize.city uses AI to predict future neighborhood changes and allows users to get real time information about a neighborhood before moving there. They raised $8M in Series A funding from Cadence Design Systems, Annapurna Labs, GLG Partners, and Rimon Funds.
Life House is a lifestyle hotel company that prioritizes branding and hotel management to maximize guests experience. They raised $10M in Series A funding from investors that include Trinity Ventures and Global Founders Capital.