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 4/10 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Patlytics, Yuzu Health, and Mosaic, and much, much more.
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Patlytics – $40M Series B
AI ENTERPRISE
Patlytics, an AI platform for the full patent lifecycle, from invention disclosure and application drafting to infringement analysis and portfolio management, has raised $40M in Series B funding led by SignalFire, with N47, Myriad Venture Partners, Relativity, Alumni Ventures, Antiportfolio Ventures, and BAM Corner Point. Founded by Paul Lee and Arthur Jen in 2023, Patlytics has now raised a total of $65M in reported equity funding.
AlleyWatch broke the news in an exclusive covering the round and much more – Patlytics Raises $40M as AI Drives a Simultaneous Surge in Patent Filings and IP Litigation
Yuzu Health – $35M Series A
HEALTHTECH
Yuzu Health, a third-party administrator that provides the infrastructure behind health insurance plans, with a unified platform for claims processing, payments, and member administration, has raised $35M in Series A funding led by General Catalyst and Chemistry, with participation from Anthropic’s Anthology Fund, Bain Future Back Ventures, Timeless Ventures, Lachy Groom, and Neo. Founded by Max Kauderer, Ryan Lee, and Russell Pekala in 2022, Yuzu Health has now raised a total of $40M in reported equity funding.
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Mosaic – $18.4M
AI ENTERPRISE
Mosaic, an AI-powered platform that automates the creation of deal models and financial analyses from confidential information memoranda for private equity and investment banking professionals, has raised $18.4M in funding according to a recent SEC filing. The filing indicates that the total offering is for $18,437,489 and there were 43 investors in this close. Mosaic was founded by Ian Gutwinski in 2020.
Eisen – $7.2M
FINTECH
Eisen, an escheatment compliance platform that automates dormant account offboarding and unclaimed property reporting for regulated financial institutions, has raised $7.2M in funding according to a recent SEC filing. The filing indicates that the total offering is for $10.5M and there were 6 investors in this close. Eisen was founded by Allen Osgood and Stephanie Mertz in 2021.
