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 the things that you may have missed in NYC Tech News for the week ending 6/29 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for BondCliQ, AuthZed, Norm AI, and much, much more.
Formation Bio – $372M
Formation Bio, an AI-driven drug development platform, has raised $372M in Series D funding led by Andreessen Horowitz. Founded by Benjamine Liu, Kit Dobyns, and Linhao Zhang in 2013, Formation Bio has now raised a total of $528M in reported equity funding.
EvolutionaryScale – $142M
EvolutionaryScale, an AI company for application in life sciences including LLMs for biology, has raised $142M in Seed funding from investors that include Lux Capital, Amazon, Nat Friedman, Daniel Gross, and Nventures. EvolutionaryScale was founded by Alexander Rives, Tom Sercu, and Sal Candido in 2023.
Emergence – $97.2M
Emergence, a generatie AI agent platform for the enterprise, has raised $97.2M in Venture funding led by Learn Capital. Emergence was founded by Satya Nitta, Ravi Kokku, and Sharad Sundararajan, in 2018.
Hebbia – $92M
Hebbia, an AI-powered document search platform, has raised $92M in funding according to a recent SEC filing. The filing indicates that the total offering is for $100M and there were nineteen investors in this close. Founded by George Sivulka, Lukas Schmit, and Tim Lupo in 2020, Hebbia has now raised a total of $123.1M in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
Adonis – $31M
Adonis, a revenue intelligence and healthcare automation platform for the healthcare industry to manage revenue cycle management, has raised $31M in Series B funding from investors that include . Founded by Aman Magoon and Akash Magoon in 2022, Adonis has now raised a total of $54M in reported equity funding.
Norm AI – $27M
Norm AI, an AI-powered regulatory compliance platform, has raised $27M in Series A funding from investors that include Bain Capital Ventures, Coatue, Citi Ventures, TIAA, Blackstone Innovations Investments, New York Life Ventures, and Jefferson River Capital. Founded by John Nay in 2023, Norm AI has now raised a total of $38.1M in reported equity funding.
iVerify – $12M
iVerify, a provider of mobile security solutions, has raised $12M in Series A funding led by Shine Capital. Founded by Danny Rogers and Rocky Cole in 2023, iVerify has now raised a total of $16M in reported equity funding.
AuthZed – $12M
AuthZed, a permissionless authorization platform, has raised $12M in Series A funding led by General Catalyst. Founded by Jake Moshenko, Jimmy Zelinskie, and Joseph Schorr in 2020, AuthZed has now raised a total of $15.9M in reported equity funding.
Soot – $7.2M
Soot, a data visualization platform for creative assets, has raised $7.2M in Seed funding led by Upfront Ventures. Soot was founded by Jake Harper and Amol Kapoor in 2021.
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Daytona – $5M
Daytona, an open-source development environment management platform, has raised $5M in Seed funding from investors that include Upfront Ventures and 500 Global. Founded by Goran Draganic, Ivan Burazin, and Vedran Jukic in 2023, Daytona has now raised a total of $7M in reported equity funding.
Esper Bionics – $5M
Esper Bionics, a maker of connected prosthetic devices, has raised $5M in Venture funding led by YZR Capital. Founded by Anna Believantseva and Dima Gazda in 2019, Esper Bionics has now raised a total of $5.2M in reported equity funding.
TestParty – $4M
TestParty, a code automation platform to bring accessibility to websites, has raised $4M in Seed funding led by Harlem Capital Partners and Urban Innovation Fund. TestParty was founded by Michael Bervell and Jason Tan in 2024.
BondCliQ – $621K
BondCliQ, a credit market data intelligence platform, has raised $621K in funding according to a recent SEC filing. The filing indicates that the total offering is for $3.5M and there were thirteen investors in this close. Founded by Chris White in 2016, BondCliQ has now raised a total of $3.4M in reported equity funding.
Upfront – $225K
Upfront, a childcare data platform, has raised $225K in funding according to a recent SEC filing. The filing indicates that the round comes from four investors. Founded by Dana Levin-Robinson and Shefali Shah in 2019, Upfront has now raised a total of $275K in reported equity funding.
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
