The largest September funding rounds among New York’s tech companies hit a combined total of $453 million. That capital is boosting businesses across sectors such as HR tech and cloud security. Check out the products and innovations coming out of these fast-growing East Coast businesses.
Top NYC Tech Funding Rounds, September 2023
- HiBob
- AlphaSense
- SQream
- Transfr
- Bastion
- Gem Security
- Harmonya
#6. $20 million, September 4
Software company Harmonya secured $20 million in Series A funding to advance the development of its generative AI technology for customers in the retail space. The Harmonya platform provides retailers and consumer packaged goods, or CPG, businesses with tools for enriching their internal product data, collecting insights on market performance and automating product coding to simplify data processes.
#5. $23 million, September 27
GGV Capital led a Series A funding round for Gem Security, with participation from IBM Ventures and Silicon Valley CISO Investments. Gem Security brought in $23 million in capital to enhance its cloud security platform, which gives users the tools to identify, investigate and respond to potential threats. The company plans to incorporate generative AI capabilities as well as protect platforms and software integrations outside of infrastructure services.
#4. $25 million, September 18
Bastion announced $25 million in seed financing alongside news about the launch of its product suite, which is meant to give enterprises the ability to incorporate Web3 infrastructure into their technology. Co-founded by two former a16z crypto executives, Bastion’s seed round was also led by a16z crypto. The company expects to put its new funding toward scaling operations, recruiting and expanding product offerings.
#3. $40 million, September 28
Transfr offers VR-based skills training technology, providing users with immersive-simulation training via headset for high-growth careers. The company recently secured a round of Series C funding led by ABS Capital to further develop its platform and expand its programs to accommodate a growing customer base.
#2. $45 million, September 12
In a Series C funding round, SQream secured $45 million to bolster its growth in North America along with infusing its products with additional artificial intelligence and machine learning services. The company has a range of GPU-powered data analytics products designed to allow enterprise customers to extract insights from huge data sets.
#1. (tied) $150 million, September 28
Equipped with a fresh round of Series E funding from lead investor Bond, Alphasense has achieved a valuation of $2.5 billion. The company offers a market intelligence and search solution that helps enterprises conduct research based on unstructured information. The platform will fuel continued growth within the market intelligence space with its new capital.
#1. (tied) $150 million, September 19
HiBob is an HR tech company offering a platform with capabilities for onboarding, payroll, surveys and other core people management functions. It pulled in $150 million in new funding that will be used to further expand HiBob’s customer base as well as invest in product development and innovation.
