Verbit is the AI-powered transcription and captioning platform that transcribes speech regardless of accent, domain-specific languages, background noises, echoes, and more. To ensure the accuracy and quality of transcriptions/captions, Verbit has a network of 22,000 human transcribers that validate the technology-produced dictations. AlleyWatch caught up with Tom Livne to learn more about Verbit’s technology and how this funding will help position it to be a leader in the global transcription market, which is more than $300B. Verbit has raised a total of $125M across four rounds and this latest round comes from investors that include Sapphire Ventures led our Series C round, Vertex Ventures, Stripes, HV Ventures, ClalTech, and Vertex Growth.
The behavioral health market is projected to soar, reaching $240B by 2026, and for far too long employers have focused on keeping their employees physically healthy but ignoring mental health conditions. Spring Health has emerged as a pioneer, providing comprehensive employee mental health benefit solutions. The company’s proprietary assessment, “Precision Mental Healthcare”, understands the nuances and symptoms of conditions a person may be experiencing and then matches them to a tailored care plan for treatment. AlleyWatch caught up with CEO and Cofounder April Koh to learn more about how Spring Health breaks down the barriers for delivering mental healthcare to employees, the company’s future plans, and latest round of funding from investors that include Tiger Global. GingerBread Capital, and Operator Partners (the newly-formed fund by Nat Turner and Zach Weinberg), Northzone, Rethink Impact, William K. Warren Foundation, Work-Bench, SemperVirens, Able Partners,True Capital, Kyle Lowry, and Breanna Stewart.
The security of digital assets is absolutely critical in ensuring widespread adoption and this has led to the emergence of countless digital-asset-as-security-service offerings. Fireblocks has emerged as a leader in digital asset security, with a growing number of companies rely-ing on Fireblock’s platform to securely store, transfer, and issue digital assets. The compa-ny has facilitated the transfer of over $150B+ in digital assets for local and international companies since its launch, $23B+ worth of digital assets transferred in Q3 alone, and the company has tripled its customer base already in Q4. AlleyWatch caught up with Co-founder and CEO Michael Shaulov to learn more about how Fireblocks provides the criti-cal infrastructure needed for enterprises to scale digital asset exposure, the company’s growth, and recent funding round from investors that include Paradigm, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Ce-dar Hill Capital.
This AI-powered health and telemedicine startup had already raised one of the largest funding rounds in NYC for Q1 of 2020, and K Health is wrapping up the final quarter of 2020 with another impressive funding round. K Health’s medical intelligence platform is entirely free and consulting with a doctor online costs only $19, less than most copays. At its core, the company has built a robust AI-powered database of clinical data points that are used to determine what treatments and diagnoses were used with those with similar symptoms. AlleyWatch caught up with VP of Marketing Danielle Eddleston to learn more about the company’s impressive growth, key partnerships, and latest funding round from investors that include Valor Equity Partners, Marcy Venture Partners, Atreides Management, PICO Venture Partners, 14W, and Max Ventures.
This bi-weekly column covers the latest news from venture capital firms in NYC for the first half of November 2020 featuring must-know news including news for Arkay and much more.
Industrial companies are constantly seeking new ways to keep their workforces safe and KINETIC has been one of the key solutions. The company’s patented wearable device, Reflex, detects unsafe postures and provides real-time alerts to employees whenever they are engaging in high-risk motions. The company’s dashboard layers software so that managers and safety personnel can have a bird’s eye view into safety and incident data; now address workplace issues with a data-driven approach. AlleyWatch caught up with CEO and Cofounder Haytham Elhawary to learn about KINETIC’s technology is keeping workforces globally safe, how warehouses are able to leverage the platform, and the company’s recent funding round from investors that include Crosslink Capital, Primary Venture Partners, Nationwide Ventures, Prologis Ventures, and Ubiquity Ventures.
Approximately 75% of in-house legal teams are concerned about overspending on outside counsel when the need arises. Priori is the legal marketplace that changes how in-house teams find, hire, and manage outside counsel by providing access to 1500+ highly vetted attorneys in 700+ practice proficiencies. Priori’s clients, which consist of Fortune 500 companies and scaling tech companies, have saved 60% on average versus relying on traditional legal services. AlleyWatch caught up with CEO and Cofounder Basha Rubin to learn more about Priori’s growth, future plans, and recent funding round from investors that include Hearst Corporation, Great Oaks Venture Capital, Jambhala, Tim Steinert, Jules Miller of Mindset Ventures, Mike Suchsland of Bridge Investments, and Orrick’s Legal Technology Fund.
Rally is the five-year-old startup that democratizes the ownership of highly-coveted collectibles. This alternative investment platform lets anyone buy/sell ownership stakes in rare items like the 1937 Heisman Trophy (valued at $460K) or a Mike Trout Rookie Autograph Card (valued at $225K). Traditionally these types of investments have been only available to the ultra-wealthy. The […]
Instagram, Reddit, Twitter, LinkedIn, YouTube, Facebook, Newsletters – the number of disparate platforms that we are engaging with to consume new content seems never-ending. River, a content discovery platform, encompasses all mediums to organize everything people are talking about online into bite-sized, shareable stories in real-time. River ensures that its community is fully anonymous, allowing users to discover new information and different perspectives than they may normally be exposed to through their own networks. AlleyWatch caught up with CEO and Cofounder Jeremy Fisher to learn more about the team behind River, the company’s future plans, and recent round of funding from investors that include Founders Fund, .406 Ventures, Box Group, Scooter Braun, Josh Kushner, and Raised in Space.
Since launching in 2018, real-time market research platform Suzy has been making strides in introducing technology to a traditionally fragmented, slow, and expensive industry. Suzy’s advanced research tools enable brands to make data-driven decisions with quality consumer insight in an agile offering. Presently, over 200 brands including Johnson & Johnson, Chipotle, and Citibank partner with Suzy to capture their customer insights and 500M+ consumer research responses have been recorded on its platform. The company is on pace to do $20M in ARR this year. AlleyWatch caught up with President Avi Savar to learn more about the market research industry, Suzy’s growth plans, and recent round of funding from investors that include Rho Ventures, Bertelsmann Digital Media Investments, Triangle Peak Partners, and Foundry Group.