One of the most promising aspects of the blockchain is the creation of decentralized financial applications, steering the dependency for transaction facilitations away from intermediaries like traditional banking institutions, exchanges, and brokerages. However, the infrastructure to support this shift away is still being developed to support the eventual replacement of legacy institutions is still being built. This NYC startup is paving the way. Injective, at its core, is a versatile smart contracts infrastructure platform that can be used to power a host a variety of use cases in decentralized finances. The platform offers a growing library of plug-and-play modules that can be used to support applications and functions like the seamless implementation of order books, options trading, and lending capabilities. Injective is built on Cosmos SDK and uses Ignite proof-of-stake consensus mechanism, offering enhanced security and reliability for all transactions without prohibitive high fees or degradation in performance. Since launching, the decentralized applications (dApps) built using the platform have handled in excess of $7B in aggregate volume and 92M transactions, making Injective not only one of the fastest-growing ecosystems but also battle-tested. AlleyWatch caught up with Injective CEO and Cofounder Eric Chen to learn more about the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $56.7M, and much, much more..
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The 13 Largest US Tech Startup Funding Rounds of July 2022
Everything you need to need to know about the largest US startup funding rounds of July 2022; broken down by industry, stage, investors, and more…
The AlleyWatch July 2022 New York Venture Capital Funding Report
NYC startup funding is down 43% from June levels and also down 74% year-over-year. Despite this pullback, seventy-eight companies were funded for the month with activity very strong at the early stage with 24% of all national early-stage funding going to New York companies.
CRE Lending Tech Platform Nativ Acquired by Built Technologies
Nativ, a workflow automation platform for the commercial real estate lending industry, has been acquired by Nashville-based Built Technologies, a provider of construction and real estate finance technology. Terms of the transaction were not disclosed.
Particle Health Raises $25M to Make Healthcare Data Access Seamless Across the Digital Health Spectrum
There’s a data revolution going on in nearly every industry and the healthcare industry is no different. The efficient use of data in healthcare not only can mean the difference between life and death for a single patient but also for a large collective of the population if data is harnessed properly. However due to issues around privacy, compliance, and interoperability the experience of effectively using healthcare data to better outcomes has largely been fragmented and cumbersome. Particle Health is a health tech data infrastructure platform allows healthcare organizations to seamlessly access and synthesize data from various sources in an elegant solution. At its core, the company has built an API suite that allows users to access medical records for over 300M individuals in the US without complicated custom integrations each step of the way. Particle Health’s solutions are versatile across the digital health spectrum, powering the needs of startups and Fortune 50 companies alike across providers, payors, and pharma. In the past year, the company has grown ARR 450% and tripled the number of customers. AlleyWatch caught up with Particle Health CEO and Cofounder Troy Bannister to learn more about how the business will power the next wave of healthcare innovation, the company’s strategic plans, latest round of funding, which brings the total funding raised to $39.3M, and much, much more…
Humanity Health Raises $6M for its Talent Recruitment Platform and Network to Ensure Diversity in Healthcare Leadership
There is a significant gap in terms of diversity in representation between healthcare leaders and the general population. For example, while 32% of hospital patients are minorities, only a modest 12% of executive leadership positions at healthcare institutions are held by racial and ethnic minorities. Fostering diversity in the next generation of healthcare leaders is critical to not only bettering this underrepresentation but also improving healthcare outcomes. Humanity Health is a talent solution that is dedicated to closing the gap. The company offers a two-pronged approach – the company has built a best-in-class talent network that provides the resources in order for advancement in the field including knowledge sharing, coaching, connections, and job opportunities. On the recruitment side, the company serves as a traditional executive retained search firm focused specifically on healthcare and life science leadership opportunities. In addition, Humanity also offers a number of engagement services for both potential and hired candidates. AlleyWatch caught up with Humanity Health CEO and Cofounder Ron Mitchell to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…
Koffie Insurance Raises $11M to Be the Go-To Destination for Trucking Insurance
While the pandemic shined a spotlight on the fragility of the supply chain industry, the role of the trucking industry has remained resolute. In fact, the trucking industry has been a driving force in allowing society to adapt to the challenges of the pandemic by ensuring availability of consumer goods, medical supplies, and even vaccines. But with increased importance and attention comes increased overhead costs including insurance. Koffie Insurance is an insurance platform focused on the trucking and transportation industry. By leveraging technology, the platform is able to streamline all facets of the truck insurance experience starting with origination and quoting through claims management. Currently, trucks are required to have a minimum coverage of $750K per truck but this minimum was established in 1980; there’s been a recent push to increase the minimum to $2M, representing a massive opportunity for Koffie and others in the commercial trucking insurance market. The company has written policies for 1000+ trucks thus far and is live in three states with plans to scale to ten states by the end of the year
AlleyWatch caught up with Koffie Insurance CEO and Cofounder Ian White to learn more about the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $15.5M, and much, much more…
Priori Raises Another $15M for its Legal Marketplace for In-House Legal Teams
The average Fortune 500 company spends in excess of $150M in outside counsel each year. Spending for outside counsel falls into the budget for legal departments and as a result, approximately 75% of in-house legal teams are concerned about overspending on outside counsel. Priori is the legal marketplace that changes how in-house teams find, hire, and manage outside counsel by providing access to 8000+ highly vetted attorneys in 700+ practice proficiencies across all states and 55 countries. In addition to the marketplace, the company has also launched Scout, a data and insight-driven relationship management platform for managing outside counsel that’s currently in beta. Priori’s clients, which consist of Fortune 500 companies and scaling tech companies, have saved 60% on average in terms of cost and 80% in terms of time spent seeking counsel using the Priori solutions. AlleyWatch caught up with Priori CEO and Cofounder Basha Rubin to learn more about the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $21.3M, and much, much more…
Beat The Bomb Raises $7M to Expand its Immersive Social Video Gaming Experiences Nationwide
Technology is rapidly changing how the types of attractions and immersive experiences that we are now able to enjoy. One of the reasons that video gaming industry has been so successful is because they are able to design flow and immersive experiences that can engage all five senses. Beat the Bomb, an operator of immersive social gaming experiences that blends sophisticated technology with thoughtfully designed physical space, combines these two elements. The company’s signature experiential offering is a 1-hr experience played with 4-6 players that interact with a number of devices across five unique settings/rooms for a common mission of disarming a bomb through collaboration and teamwork. Think of it as a tech-enabled and far more engaging version of escape the room that caters to your senses, designed to drive immersive resonance by integrating gaming dynamics through space and time. The company currently operates one highly-successful location in Brooklyn that opened in 2017 and is now expanding to new markets nationwide. The cost per person starts at $44.95. AlleyWatch caught up with Beat the Bomb CEO and Founder Alex Patterson to learn more about the business, the company’s strategic plans, latest round of funding, and much, much more…
These are the 14 Largest NYC Tech Startup Funding Rounds of Q2 2022
Everything you need to need to know about the largest NYC startup funding rounds of Q2 2022; broken down by industry, stage, investors, and more…
Lightning AI Raises $40M for its Platform and Framework for Building Machine Learning and AI Apps
Modular development focuses on separating the functionality of a program into independent building blocks that make up an executable application. WordPress and its near-endless repository of plugins is an example. Lightning AI, previously known as Grid AI, is a platform and framework that brings modular functionality for AI and Machine Learning. The platform allows anyone to quickly and seamlessly develop AI and ML workflows without deep technical knowledge, whether it be for production or for research. Projects developed using the Lightning framework can be hosted locally or on the cloud. The Lightning apps and components available for integration are all open-source, allowing users to customize based on their needs, saving valuable development time. Lightning AI is free to use for up to 20 total apps with paid plans offering more capabilities and usage. AlleyWatch caught up with Lightning AI CEO and Cofounder William Falcon to learn more about the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $58.6M, and much, much more…