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 3/14 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for VAST Data, Grafana Labs, Xscape Photoics, and much, much more.
VAST Data – $500M
AI Infrastructure
VAST Data, an AI-powered operating system that unifies storage, database, and compute for data-intensive applications, has raised $500M in additional funding. Founded by Alon Horev, Jeff Denworth, Mohd Fairuz Razi bin Sharuddin, Renen Hallak, and Shachar Fienblit in 2016, VAST Data has now raised a total of $900M in reported equity funding. The round comes at a reported $30B valuation and included an additional $500M secondary offering.
Grafana Labs – $250M
Data Visualization
Grafana Labs, the composable observability and data visualization platform, has raised $250M in funding according to a recent SEC filing. The filing indicates that the round comes from eleven investors. Founded by Anthony Woods, Raj Dutt, and Torkel Odegaard in 2014, Grafana Labs has now raised a total of $1.055B in reported equity funding.
Xscape Photoics – $37M
Photonics
Xscape Photoics, a provider of photonic chips for high-speed connections in high-performance computing systems and data centers, has raised $37M in Series A funding led by Addition. Founded by Alexander Gaeta, Vivek Raghunathan, and Yoshi Okawachi in 2022, Xscape Photoics has now raised a total of $94M in reported equity funding.
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Translucent – $27M
Healthcare Fintech
Translucent, the AI-powered platform for healthcare finance, has raised $27M in Series A funding led by Google Ventures. Founded by Jack O’Hara and Max Jones in 2024, Translucent has now raised a total of $34M in reported equity funding.
Moxie – $25M
Healthcare SaaS
Moxie, all-in-one medspa management platform for medspas, has raised $25M in Series C funding led by Viewpoint Ventures. Founded by Daniel Friedman, Emma Gilsanz, and Sam Gerstenzang in 2022, Moxie has now raised a total of $51M in reported equity funding.
PactFi – $25M
Fintech
PactFi, a secure platform for managing complex private credit transactions, has raised $25M in Series A funding led by 7RIDGE. PactFi was founded by Alexa Halcomb and Emma Zhang in 2021.
Sandbar – $23M
Consumer Hardware
Sandbar, an AI-powered voice-controlled smart ring, has raised $23M in Series A funding led by Adjacent and Kindred Ventures. Founded by Kirak Hong and Mina Fahmi in 2023, Sandbar has now raised a total of $36M in reported equity funding.
Ernesta – $20M
E-commerce
Ernesta, a direct-to-consumer custom rug company, has raised $20M in Series B funding led by Addition. Founded by John Foley, Hisao Kushi, and Yony Feng in 2022, Ernesta has now raised a total of $57.5M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – Ernesta Raises $20M to Expand Its Custom-Sized Rug Platform Nationwide
AlleyWatch is NYC’s leading source of tech and startup news, reaching the city’s most active founders, investors, and tech leaders. Learn More →
Sigma 360 – $17.3M
Compliance Tech
Sigma 360, a risk and compliance data platform for financial institutions and corporations, has raised $17.3M in Series B funding led by Moderne Ventures. Founded by Gabrielle Haddad and Stuart Jones, Jr. in 2016, Sigma 360 has now raised a total of $26.4M in reported equity funding.
Rebar – $14M
Construction Tech
Rebar, an AI-powered estimation and quoting platform for HVAC suppliers and contractors, has raised $14M in Series A funding led by Prudence. Rebar was founded by Andrew Schwartz and Evan Brown in 2024.
Mega – $11.5M
Marketing SaaS
Mega, an AI-powered SEO and paid ads management platform for startups and SMBs, has raised $11.5M in Series A funding led by Goodwater Capital. Mega was founded by Robbie Schneidman and Lucas Pellan in 2024.
Amigo AI – $11M
Healthcare AI
Amigo AI, an end-to-end platform for building, deploying, and operating AI agents for healthcare services, has raised $11M in Series A funding led by Madrona. Founded by Ali Khokhar and John Xing in 2024, Amigo AI has now raised a total of $17.3M in reported equity funding. AlleyWatch broke the news in an exclusive covering the round and much more – Amigo AI Raises $11M to Close the Gap Between Healthcare Demand and Clinical Capacity
Covariance – $11M
Machine Learning
Covariance, a machine learning platform turning external data into KPIs, has raised $11M in funding according to a recent SEC filing. The filing indicates that the round comes from six investors. Covariance was founded by Joshua Joseph, Matt Perlein, and Michael Fleder in 2020.
TradeZing – $800K
Fintech
TradeZing, an AI-powered social investing platform, has raised $800K in funding according to a recent SEC filing. The filing does not include a total offering amount but does indicate that this close came from three investors. TradeZing was founded by Jordan Edelson in 2021.
