The pandemic has exponentially increased the number of digital interactions. The unprecedented, rapid, and massive shift to remote work introduced new security vulnerabilities. Companies were forced to ensure that identity management and private data was protected just as it was in a traditional office setting, introducing new challenges to address the new reality. 55% of business leaders recently surveyed indicate that their companies made investments in new identity security capabilities since the start of the pandemic. Anonybit is a provider of biometrics infrastructure solutions that allow security and identity solutions providers and enterprises to decentralize biometric data into anonymized bits that reside in a peer-to-peer network. Available as an SDK, Anonybit is a lightweight, easily integratable solution that is versatile enough to serve the Identity and Access Management (IAM) market in the enterprise and also consumer-facing needs such as password/account management for user accounts. With sensitive data now spread across the network, companies become less prone to attacks from hackers and data becomes more secure as there isn’t a central database to serve as a target. AlleyWatch caught up with Anonybit Founder and CEO Frances Zelazny to learn more about the benefits of decentralization when it comes to personal data and identity solutions, the company’s total addressable market, future strategic plans, and recent round of funding from Switch Ventures, NextGen Venture Partners, Industry Ventures, Preceptor Capital, and several strategic angel investors.
$130M+ in new funding in including three deals you will not see anywhere else. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 1/17/2022 featuring funding details for Burnt Finance, Lukka, and much more.
Another strong week with 13 deals and in excess of half a billion dollars invested in New York companies. NYC Tech News for the week ending 1/15 featuring news for Gameto, Bolster, IronVest, and much, much more.
One of the most critical factors for startups to grow, thrive, and scale is their ability to attract the right talent. The effects of the pandemic, the Great Resignation, and a host of other factors have made the competition for candidates more intense than ever before. Emerging companies are pitted against more established, larger companies that have greater resources and ability to compensate. Bolster is a talent marketplace for startups that matches them with executive talent for fractional, interim, advisory, board, and full-time roles. Unlike other recruitment platforms, Bolster works directly with a founder-centric framework that looks at recruiting as a part of leadership and company development versus merely hiring resources, offering software-driven mentorship modules. With the flexibility in the types of roles that it covers, the platform enables CEOs to quickly and cost-effectively implement the resources required to scale. The company offers a number of different options for companies looking for talent ranging from a free self-search to full-time sourcing that comes in at $20K per hire. Since its launch in the Fall of 2020, Bolster has worked with 1000+ leadership teams and boasts 7000+ registered senior executives looking for their next opportunity. AlleyWatch caught up with CEO and Cofounder Matt Blumberg to learn more about how the founding team’s experience with Return Path laid the foundation for Bolster, the state of the startup recruitment market, the company’s strategic plans, latest round of funding from investors that include Foundry, High Alpha, Union Square Ventures, Costanoa Venture Capital, Capital Factory, and Alumni Ventures.
mParticle, the customer data infrastructure platform, has aquired, Indicative, the New York-based customer journey analytics platform. Terms of the transaction were not disclosed.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 1/13/2022 featuring funding details for Fable, Accrue Savings, and much more
It’s estimated that Americans spent $110B in 2021 on their pets. Given this massive market, there has been very little in terms of innovation and design incorporated into pet products. Typical pet products tend to look sterile and more likely to be found in a hospital than in someone’s home. Fable is a direct-to-consumer pet product brand that prioritizes innovation and aesthetics that fit into the modern era. The company offers a line of versatile pet products including the company’s signature Crate ($395), a modern crate that pets will love that doubles as a side table to fit seamlessly into any decor. Founded by a brother and sister duo in 2018, Fable plans to expand into retail along with expanding its product line. AlleyWatch Fable Cofounder and CEO Jeremy Canade (ex-Jet) to learn more about the team’s vision for the business, the company’s strategic plans, and latest funding round from investors that include14W, Female Founders Fund and Slow Ventures.
$300M in new funding across six deals including two that have never been reported previously. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 1/12/2022 featuring funding details for Outlines, Diana Health, and much more.
As you seek out your next round, here’s a handy resource covering the most active NYC venture firms in 2021 that will save you countless hours.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 1/11/2022 featuring funding details for IL MAKIAGE, Bolster, and much more.
For the 60M+ Americans that are eligible for Medicare, navigating the 24,000+ options available is a difficult and arduous process without help. The open enrollment period also places a time constraint for selecting a plan to meet an insured planned coverage needs. Chapter is a Medicare advisory platform that uses a blend of technology and a trained team of advisors to decipher all plans at a microscopic level, ensuring that members are able to enroll in the plans that are best suited for their needs based on cost and coverage. Typically, Medicare advisors are incentivized by insurance companies to enroll members and naturally, these advisors steer members towards plans that offer the best compensation; often creating a misalignment. Chapter’s advisors are all full-time employees that are not compensated directly based on commissions. Combining this dynamic with plan data that Chapter’s technology generates, members are confident that are receiving unbiased and impartial recommendations. AlleyWatch caught up with Chapter CEO and Cofounder Cobi Blumenfeld-Gantz to learn more about how Chapter eliminates confusion for the millions signing up for coverage through Medicare annually, the company’s strategic plans, latest round of funding from investors that include Addition, Lee Fixel, Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners.