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The AlleyWatch Startup Daily Funding Report: 5/9/2022

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/9/2022 featuring funding details for Hugging Face, Cybera, and much more. This page will be updated throughout the day to reflect any new fundings.

Hugging Face
$100M - Series C


Hugging Face, an ML-focused startup that has built a repository of open-source natural language processing models, has raised $100M in Series C funding led by Lux Capital. Founded by Clement Delangue, Julien Chaumond, and Thomas Wolf in 2016, Hugging Face has now raised a total of $161.3M in reported equity funding. This funding comes at a reported $2B valuation.

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Cybera
$4.4M - funding according to a recent SEC filing


Cybera, a cybersecurity platform focused on protecting businesses from financialy-motivated crime, has raised $4.4M in funding according to a recent SEC filing. The filing indicates that the total offering is for $5.1M and there were twenty-one investors in this close. Founded by Claudio Staub, Nicola Staub, and Sudip Biswas in 2019, Cybera has now raised a total of $5.4M in reported equity funding.
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