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 11/7/26 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Traversal, Kalepa, and Clark, and much, much more.
Traversal – $120M Series B
AI
Traversal, an AI platform that diagnoses and fixes software outages for enterprise engineering teams, has raised $120M in Series B funding led by Kleiner Perkins, Redpoint Ventures, and Khosla Ventures with participation from Sequoia Capital, Battery Ventures, and Amex Ventures. Founded by Anish Agarwal, Raaz Dwivedi, Raj Agrawal, and Ahmed Lone in 2023, Traversal has now raised a total of $173M in reported equity funding.
Kalepa – $75M Series B
AI INSURTECH
Kalepa, an AI platform that automates underwriting, pricing, and portfolio management for insurance companies, has raised $75M in Series B funding led by Updata Partners with participation from IA Ventures and Inspired Capital. Founded by Paul Monasterio and Daniel Hillman in 2018, Kalepa has now raised a total of $91M in reported equity funding.
AlleyWatch broke the news on this round exclusively.
Clark – $11M Seed
AI ENTERPRISE
Clark, an AI platform that provides autonomous AI employees to perform audits for CPA firms, has raised $11M in Seed funding led by Touring Capital with participation from Marathon Management Partners, Rerail, and Sofeon Ventures. Founded by Enes Witwit in 2025, Clark has now raised a total of $16M in reported equity funding.
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Cowboy – $5M Seed
AI
Cowboy, an app store that lets developers build, deploy, and monetize AI agents, has raised $5M in Seed funding from investors that include Nebular, Compound, Semantic Ventures, Anagram, Shine Ventures, Uncommon Projects, Farnaz Azmoodeh, Mats Olsen, Aashay Sanghvi, Kevin Kwok, James Smits, and Ian Lapham. Cowboy was founded by Chad DePue in 2025.
Logos – $3.4M
FINTECH BLOCKCHAIN
Logos, a digital asset infrastructure platform that provides reusable, signed evidence about tokenized assets and stablecoins to financial institutions, has raised $3.4M in funding according to a recent SEC filing from investors that include ParaFi and VanEck. The filing indicates that there were twelve investors in this round. Logos was founded by Tom Zschach and Anthony Rose in 2026.
Summer – $1.6M
FINTECH HRTECH
Summer, a workplace benefits platform that helps employers offer student loan repayment assistance to employees, has raised $1.6M in funding according to a recent SEC filing. The filing indicates that the total offering is for $3M and there were sixteen investors in this close. Founded by Will Sealy in 2017, Summer has now raised a total of $29M in reported equity funding.
