From executive hires to sizable funding rounds, companies on the NYC tech scene were keeping busy last week. Read on to learn what’s in store. This is the Built In NYC weekly refresh.
Aetion raised $110M. Its platform gathers data to provide medical professionals with critical product insights to help improve patient care. With the new funding from its Series C led by Warburg Pincus, Aetion is planning to further its platform, fuel international expansion in Europe and Asia and grow its commercial team. It’s currently hiring for positions based out of its NYC headquarters. [Built In NYC]
Acquco secured $160M. The company raised a hefty Series A as it acquires and scales third-party sellers on Amazon using lead-generation technology. It’s looking to build out its platform and achieve $500 million in revenue by 2022. Investors including CoVenture, Singh Capital Partners and Crossbeam participated in the round. [PR Newswire]
NYC tech quote of the week
Verbit acquired VITAC. Verbit uses AI to transcribe audio and video content, and VITAC specializes in closed captioning. Upon joining Verbit, VITAC’s offerings, including subtitling, audio description and encoding, will be combined with Verbit’s own capabilities. The conjoined company is also planning to expand its client services. [Built In NYC]
Lili pulled in $55M. The mobile banking startup is aiming to help freelancers and gig workers manage their finances. It provides services like free ATMs, no minimum balance and even offers help with taxes. Now, it’s planning to add new features to its platform following its Group 11-led Series B. It’s also currently hiring for a few tech positions at its NYC office. [Built In NYC]
BentoBox updated its C-suite. With its e-commerce and marketing platform for businesses in the restaurant industry, BentoBox made executive hires to help more restaurants build their digital presence. Joining its team are Darcy Kurtz as chief marketing officer, Jessi Marcoff as chief people officer and Dan Chapman as chief operating officer. [Business Wire]
Optimal Dynamics got $18.4M. Having just closed on its Series A, this logistics company is developing new products and growing its team. Its AI-powered tech helps freight transporters plan ahead for potential supply chain interruptions. Optimal Dynamics is planning to triple its headcount of 25 across R&D, sales and marketing. [Built In NYC]
Reachdesk appointed a new CEO. Temy Mancusi-Ungaro will be taking up the chief executive mantle of this company that focuses on corporate gifting and direct mail. Before this position, Mancusi-Ungaro was SVP of client delivery and operations at Yext. Now, after Reachdesk has seen 300 percent growth in 2020, he anticipates pursuing even more growth going forward. [Business Wire]
