From finances to health to education, NYC tech companies are developing ways to innovate their respective industries, and with plenty of fresh funding and other moves on the scene, they’re well on their way. This is the Built In NYC weekly refresh.
Orum secured $56M. Helping enterprises out with its software for seamless money transfers, Orum closed on a Series B round co-led by Accel and Canapi Ventures. The company offers products for ACH risk intelligence and real-time money movement, and, with the funding, it’s planning to invest in its tech infrastructure. Orum is also hiring new staffers across teams including technology, data science, engineering and more. [Built In NYC]
Gympass pulled in $220M. On a mission to make well-being universal, this company’s AI-powered platform enables employers to provide access to gyms, therapy sessions and more to employees as benefits. With its fresh funding, the unicorn is now valued at $2.2 billion, and it’s planning to invest in the U.S. market as well as in product innovation. [Built In NYC]
NYC Tech Quote of the Week
Ro acquired Kit. This latest move for the healthtech unicorn equips it with Kit’s abilities to offer customizable at-home diagnostic tests in an effort to make customers’ self-collection of important health data more convenient. Upon merging, customers will be able to discuss their lab results with doctors over Ro’s telehealth platform as well as order diagnostic kits straight from Ro. The unicorn is also fueling internal growth with 30 positions available at its NYC HQ. [Built In NYC]
Articulate Global raised $1.5B. With a staggering Series A round, this company that develops e-learning and training software is now valued at $3.75 billion. Articulate currently serves 106,000 customers across 161 different countries. It’s planning to invest the General Atlantic-led funds in growing even more as it aims to scale internationally. It’s also hiring for a number of positions on its team. [Built In NYC]
Codat secured $40M. Providing SMBs with APIs that link their fintech data to external services, the startup closed on its latest round of funding to hire new talent at its offices in San Francisco, New York and London. Already about 150 strong, the company plans to reach a headcount of 250 employees by the end of the year. Tiger Global led Codat’s latest injection of funding. [TechCrunch]
AvePoint is now a publicly traded company. The Jersey City-based Microsoft 365 data management solutions provider has now completed its business combination with Apex Technology Acquisition Corporation, a SPAC. AvePoint senior management will continue to lead the combined company. [AvePoint]
