The New York tech scene is making strides with its innovations and funding rounds to support a tech-fueled future. This is the Built In NYC weekly refresh.
Beqom raised $300M. Beqom works with sales and HR teams at large companies to help manage compensation. The Switzerland-based company raised $300 million in a strategic investment that will be used to expand its product offerings. Beqom is also hiring for 20 roles in various locations. [Built In NYC]
Choco gained its horn. Choco raised $111 million in a Series B round led by G Squared, bringing its valuation up to $1.2 billion. To reduce food waste, Choco collects data to more accurately predict supply and demand. The new funding will go toward product development, expanding into more markets and adding to the team. The company plans to grow its team by 600 to 700 employees this year. [TechCrunch]
Noogata gained $16M. Noogata is a no-code AI platform that helps businesses turn data into insights that help them make smarter business decisions. The Series A round, led by Eight Roads, will go toward growth initiatives. [PR Newswire]
DUOS raised $15M. DUOS provides technology that connects elderly users to personal assistants to help with day-to-day tasks. The Series A round, led by Imaginary Ventures, will go toward expanding its technology. The company will also be looking to hire more personal assistants, engineers, product managers and more. [Built In NYC]
NYC TECH QUOTE OF THE WEEK
Break Through Tech gained $26M. Break Through Tech, like its name implies, aims to help women and marginalized groups break into the tech industry with free classes that teach about AI programming. The funding round was led by Melinda French Gates’ Pivotal Ventures. The programs are currently available in New York, Los Angeles and Boston. [Built In NYC]
Beam Impact gained $13.5M. Beam Impact uses a B2B2C model that allows consumers to connect with brands that support certain causes, and then donate a portion of their purchase to those causes. The funding will go toward hiring and other initiatives. [TechCrunch]
Blockdaemon added investors. Blockdaemon, a major company in the blockchain infrastructure sect, added four new investors to its roster. New investors include Salesforce Ventures, Citi Ventures, Telstra Ventures and Invicta Growth. The news comes after a $207 million Series C round brought the company’s valuation up to $3.25 billion. [BusinessWire]
