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.
Nanit, the baby monitor that uses computer vision to monitor sleep, has raised $14M in Series B funding from investors that include RRE Ventures, Upfront Ventures, Jerusalem Venture Partners (JVP), Vulcan Capital, and Vaal Investment Partners. Founded by Andrew Berman, Assaf Glazer, and Tor Ivry in 2015, Nanit has now raised a total of $30.6M in funding over three funding rounds.
Simple Contacts, the contact lens renewal service, has raised $16M in Series B funding from investors that include Goodwater Capital and Waypoint Capital. Founded by Joel Wishkovsky and Ryan Quigley in 2015, Simple Contacts has raised a total of $26M in funding over five funding rounds.
FanDuel, the fantasy sports site that allows users to win real money, has been acquired by UK and Ireland-based Paddy Power Betfair. The terms of the transaction were not disclosed but publicly-traded Paddy Power Betfair will be merging its US operations with FanDuel, injecting some cash to service FanDuel’s existing debt load, and will have operational control with the option to wholly own the company after five years.
Read the full story – FanDuel Acquired by Paddy Power Betfair
According to a recent SEC Filing, Limbik, the video data studio founded by Joshua Levin and Zachary M. Schwitzky in 2016, has raised $1.6M in funding. The filing lists 13 participants in the round.
HOOCH, the subscription cocktail-a-day app, has raised $5M in funding from investors that include FJ Labs, Access Industries, Warner Music Group, Blue Scorpion Investments, Revelis Capital Group, Sree Kotay, and Stefano Rosso. Founded by Aleksey Kernes, Jared Christopherson, and Lin Dai in 2014, HOOCH has now raised a total of $7.8M in funding over four funding rounds.
Read full coverage of HOOCH’s funding round.
Roomeze, the platform for shared housing founded by Jordan Davidovit in 2014, has raised $2M in seed funding led by Gideon Asset Management.
Mobilewalla, the consumer intelligence company, employing big data, artificial intelligence and machine learning techniques, raised $12.5M in Series B funding from investors that include GCP Capital Partners, Madrona Venture Group, and ATW Partners.
Hugging Face, the emotionally intelligent chatbot, has raised $4M in funding from investors that include SV Angel, Betaworks, Kevin Durant, and Ronny Conway. Founded by Clement Delangue and Julien Chaumond in 2016, Hugging Face has now raised a total of $5.3M in funding over two rounds.
Read full coverage of Hugging Face’s Seed Funding.
OWKIN, the healthcare platform that uses machine learning for medical research, has raised a Series A Extension of $5M from GV. Founded by Gilles Wainrib and Thomas Clozel in 2016, OWKIN has now raised a total of $18M.
Read full coverage of OWKIN’S Series A Extension Round.
Kronos Bio is an industry-leading research company dedicated to the development of first-in- class therapies to control cancerous tumors by using cutting edge techniques. The round totaled $18M in Seed funding from investors that include Omega Funds, Vida Ventures, Bellco Capital, John Martin, and Norbert Bischofberger.
Jones is the modern solution for insurance compliance by using technology that automates the insurance compliance process, they provide contractors with on-demand liability insurance so they can comply on the spot. Founded by Michael Rudman and Omri Stern it raised $2.8M in Seed funding from investors that include 500 startups, MetaProp NYC, Jones Lang LaSalle (JLL), Ground Up Ventures, Hetz Ventures, and Arco/Murray Design Build..
Mented is the beauty line targeting women of color. Founded by KJ Miller and Amanda E. Johnson in 2016, it has raised $3M in Seed funding from CircleUp, which brings the total funding amount to $4M over three rounds.
According to a recent SEC filing, Beacon, the developer platform for quants in the financials service industry, has raised $17M in funding.