The notable startup fundings for the week ending 11/28/20 featuring funding details for Hippo Insurance, Superpeer, and eight other rounds you must know about.
RFC-AW
Verbit Raises $60M for its AI-Powered Voice Transcription Tool Built for The Enterprise
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.
Cure Hydration Raises $2.6M to Ensure You are Getting the Electrolytes Your Body Needs Without the Added Sugar
After an intense workout, downing a bottle of Gatorade may feel refreshing but it’s not doing your body any favors – a 20 oz bottle of Gatorade has 34g of sugar; effectively negating your workout. As wellness continues to gain popularity and influence fitness, dietary habits, and metabolic health, people are increasingly conscious about healthy alternatives to combat hydration and replenish electrolytes. Cure Hydration is the organic, plant-based hydration powder mix that has 4x the electrolytes of popular sports drinks without the added sugar; the company uses natural, organic coconut water as a base. AlleyWatch caught up with CEO and Cofounder Lauren Picasso to learn more about how training for a triathlon inspired the company, the company’s experience distributing to essential stores during the pandemic, recent round of funding from investors that include Lerer Hippeau, M3 Ventures, Litani Ventures, Andy Roddick, Nas, Matthew Dellavedova, Philip Krim, Nick Green, and others.
QL Gaming Group Acquired by Entercom for $32M
QL Gaming Group, the sports data and gaming platform that operates RotoQL, BetQL, Accuscore, and Tennis Insight, has been acquired by Entercom, the local sports and news audio broadcaster, for $32M in an all-cash deal
#NYCtech Week in Review: 11/15/20-11/21/20
NYC Tech News for the week ending 11/21 featuring news for Blacktag, Maude, and much more including how to get a pair of Beats Headphones from our featured partner…
The Weekly Notable Startup Funding Report: 11/23/20
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup fundings for the week ending 11/21/20 featuring funding details forMycoWorks, AliveCor, Strava and twenty-two other rounds you must know about.
Spring Health Raises $76M to Make Mental Health Treatment an Employee Benefit
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.
Fireblocks Raises $30M to Ensure the Security of Digital Assets, Paving the Way for Widespread Adoption
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.
K Health Raises $42M for its Free Medical Intelligence Platform Powered by Billions of Data Points
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.
Levels Raises $12M for its Biowearable Device that Monitors Glucose in Real Time
Forget about wearing your Apple Watch to track your health. Levels is the biowearable that provides real-time feedback on how your diet and activities directly impact your health. Through continuous glucose monitoring, which has traditionally been reserved for those with diabetes, the company is on a mission to address the rising rates of metabolic dysfunction in the US by monitoring the effects of your food choices. Levels currently has a waitlist of 44,000 people. AlleyWatch caught up with founders Casey Means MD Josh Clemente, Sam Corcos, David Flinner and Andrew Conner to discuss the importance of metabolic health, the company’s plans to expand the team across engineering, operations, and marketing, and recent funding round from investors that include A16z, Marc Randolph, Dick Costolo, Michael Arrington, and Matt Dellavedova.
OptionsLive is the Complete Trading Solution to Empower Options Traders with Data and Analytics
Options traders that reliant on data-driven trades are often forced to combine disparate sources that do not integrate directly with their trading platforms, creating bottlenecks and inefficiencies, especially when the markets are moving fast. These legacy systems also make it nearly impossible to trade algorithmically. OptionsLive is the fully electronic options trading platform that easily integrates into a traders’ existing workflows. The platform provides traders with real-time information and analytics so they can be certain they are never making trading decisions based on old or stale information. This comprehensive options trading solution is built on OpenFin, the financial markets’ operating system (OS), that’s already found in more than 1,200 desktop applications across 225,000 desktops in over 1,500 buy-side and sell-side firms. AlleyWatch caught up with David Hoffman shares more on how OptionsLive replaces legacy systems, the company’s future plans, and differentiators.