Operating in industries from climate tech to artificial intelligence, several New York innovators announced new growth moves last week. Find out which companies are growing and hiring new talent with the Built In NYC Weekly Refresh.
Tractable AI pulled in $65M. The company uses AI to visually assess cars and homes in an effort to digitize the full insurance claims process. The company secured Series E funding led by SoftBank Vision Fund 2 with plans to invest the capital in accelerating research and development and creating new product features. [PR Newswire]
Cognaize raised $18M. Operating in the artificial intelligence space, Cognaize develops solutions for processing unstructured data used for building financial AI applications. The company is hiring new talent for its team across research, product development and business development following a new round of funding led by Argonautic Ventures. [TechCrunch]
NYC Tech Quote of the Week
Across both technology and business, accessing, analyzing, visualizing and sharing data is overly complex, time-consuming and costly — both within an organization, as well as with external partners and clients. The evolution toward real-time data access whether for customer retention, observability, or transaction analysis is a challenge across all types of teams and enterprises.” — Eric Schmalzbauer, CEO and co-founder of Prospective
Prospective secured $6M. Serving those who build, use and analyze large and streaming datasets, Prospective offers a solution for interactive analytics and data visualization. The company announced a seed funding round led by led by Point72 Ventures. In addition to the capital raise, the company is launching a private beta version of its solution for a limited number of firms. [Businesswire]
Isometric raised $25M. Dual headquartered in New York and the U.K., carbon removal company Isometric announced its launch. The company is entering the climate tech scene with a round of seed funding from Lowercarbon Capital and Plural. Isometric plans to invest that money in hiring science and technology talent to help further its solution. [TechCrunch]
