From helping small businesses thrive to providing next-gen software solutions for a range of innovators, NYC tech companies have been busy after a week of funding and other moves. Check out the latest developments with the Built In NYC Weekly Refresh.
CoreWeave pulled in $221M. Cloud computing company CoreWave announced a hefty round of Series B funding from lead investor Magnetar Capital. The company plans to put the capital toward expanding its data centers across the U.S. CoreWeave’s new injection of funding came at a pre-money valuation of $2 billion and brings the company’s total capital raised to $371 million. It’ll also fuel hiring throughout 2023. [TechCrunch]
Datadog acquired Codiga. Observability company Datadog announced its acquisition of Colorado-based Codiga, a company that created a static code analyzer to help developers improve their code. As Datadog works to integrate Codiga’s tech, the company ultimately hopes to expand its features into code analysis and help developers produce and maintain high-quality software more efficiently. Datadog is actively hiring for more than 50 positions. [Built In NYC]
NYC Tech Quote of the Week
“Our customers face countless operational and environmental challenges every day, and our goal is to ease their burden so that they can focus their time and resources on building the parts of their business they love, while serving their neighborhoods and communities. This capital allows us to do just that, and we are grateful to our investors for their continued support.” — Dane Atkinson, CEO and founder of Odeko
Odeko pulled in $53M. Series D funding led by B Capital will help operation software developer Okedo further its tech stack. The company’s solution helps small businesses like coffee shops and cafes order supplies from vendors, manage inventory and analyze data to save on time and costs. Odeko serves more than 10,000 businesses across 16 U.S. markets. [PR Newswire]
Lockr raised $2.5M. Offering consumers control over their personal identity and data, lockr announced a round of pre-seed funding. It partners with publishers and brands to offer tools like separate email addresses to control consumers’ overflowing inboxes. Lockr’s fresh capital will help grow its team, expand its publisher network and build new consumer tools. [PR Newswire]
