Verbit Secured $157M, Hungryroot Got $40M, and More NYC Tech News

Innovating industries across healthcare to grocery shopping, these Big Apple tech companies have big ideas and big funding rounds to back them. Learn what’s new. This is the Built In NYC weekly refresh.

Written by Ashley Bowden
Published on Jun. 14, 2021
verbit
photo: Verbit / Facebook

Innovating industries across healthcare to grocery shopping, these Big Apple tech companies have big ideas and big funding rounds to back them. Learn what’s new. This is the Built In NYC weekly refresh.

LetsGetChecked raised $150MPlanning to launch its new “care pathways” platform, LetsGetChecked pulled in Series D funding led by Casdin Capital. The company offers a variety of at-home tests for conditions from vitamin deficiencies to cancer. Now, it’s expanding its telehealth and pharmaceutical services with plans to introduce new at-home tests this year. [Built In NYC]

Verbit secured $157MSapphire Ventures led the Series D round for Verbit that now values the company at over $1 billion. To date, the AI-based transcription and captioning company has raised $250 million in venture capital. It’s investing the funding in new product development, preparing for an IPO and onboarding 200 new team members across product, R&D and more. This move comes after the company’s acquisition of VITAC last month. [PR Newswire]

NYC Tech Quote of the Week

“The strategic elevation of the data-driven people leader is at hand. But strangely, technology for HR teams has lagged behind all other functions, despite the fact that a company’s most important asset is their people. ChartHop is filling this void.” —Ian White, ChartHop founder and CEO

ChartHop raised $35MUsing people analytics based on data sets like demographics, payroll and engagement, ChartHop is aiming to provide HR teams with a central tool to make critical employee decisions. With its Series B funding led by Andreessen Horowitz, ChartHop is planning to increase its team, with plans to double its headcount from 120 in the future, as well as fund product development and its go-to-market strategy. [Built In NYC]

ComplySci got $120MThe company provides tech-enabled employee compliance software for businesses in the financial services industry. It just pulled in its latest capital injection from K1 Investment Management with plans to build out its products and services as well as fund acquisitions. [PR Newswire]

Hungryroot pulled in $40MLooking to digitize the grocery shopping industry, the startup just closed on its Series C funding round led by L Catterton. Its platform, powered by machine learning and predictive modeling, creates a digital shopping cart for customers based on their preferences and then delivers the food on a weekly basis. Hungryroot is spending the capital on adding more offerings, automation tech, marketing and hiring. [Built In NYC]

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