NYC startups made headlines last week with huge acquisitions, partnerships and funding. Catch up on the local tech news you may have missed with the Built In NYC Weekly Refresh.
IBM acquired Databand.ai. New York-based Databand.ai, a data observation startup, was acquired by IBM. The acquisition is IBM’s fifth portfolio add-on this year. According to a company statement, IBM has acquired more than 25 companies since appointing Arvind Krishna as CEO in 2020. [PR Newswire]
NYC’s top five funding rounds topped $1.2B in June. Five local startups raked in a collective $1.2 billion in funding rounds last month. Venture dollars poured into emerging innovation within HR tech, edtech, consumer tech and other tech sectors. [Built In NYC]
Tech Quote Of The Week
Simplifyber raked in $3.5M. Would you like to recycle clothing as easily as you can recycle paper? Simplifyber, an emerging 3-D printing company, is working to make that reality possible. With its $3.5 million seed round, Simplifyber is building lab equipment, expanding materials and increasing the company’s 3D-printed clothing and shoe offerings. Additional funding will go toward hiring. [Built In NYC]
Biogen partnered with Happify Health. Cambridge-based Biogen, a neurological biotech company, partnered with New York-based Happify Health, a prescription digital therapeutics and coaching company. Through the partnership, the companies aim to build an artificial intelligence-backed solution to support people living with multiple sclerosis. [HealthCare Africa]
