Tech companies in the Big Apple are continuing to make innovations across a wide range of industries. From mental health to data storage, check out where these startups are investing their fresh capital. This is the Built In NYC weekly refresh.
Vast Data secured $83M. Following its Tiger Global-led Series D round, the data storage company is letting the funds accumulate interest instead of immediately spending them. The company’s valuation has risen to $3.7 billion following this investment, and VAST is currently hiring for around 50 roles based at its NYC headquarters and internationally. [Built In NYC]
Recount Media pulled in $18M. With the cash from its Series B round led by Foundry Group, the journalism platform is expanding and covering more content. It plans to invest in adding products like newsletters and events as well as creating more short videos and podcasts. Recount Media is also putting some of the funds toward marketing. [Built In NYC]
NYC Tech Quote of the Week
Headway raised $70M. The company’s software simplifies the process of accepting insurance for therapists, in turn making mental healthcare more affordable for people who seek it. With the capital from its Series B led by Andreessen Horowitz, Headway is planning to grow its current staff of about 75 people to 300 within the next year. [Built In NYC]
Timescale secured $40M. The Series B round for the company, led by Redpoint Ventures, enables Timescale to further its platform. As the developer of open-source time series database TimescaleDB, its platform allows users to measure data across a dimension of time to help with scalability, reliability and performance. [TechCrunch]
Galaxy Digital to acquire BitGo. Based in the Big Apple, fintech company Galaxy Digital announced its plans to purchase BitGO, a Palo Alto-based provider of digital asset financial services. The $1.2 billion transaction is set to close by Q4 this year and marks the first ever $1 billion deal in the cryptocurrency space. [Built In NYC]
Actuate got $8M. Security management startup Actuate is looking to expand the range and accuracy of its platform following its Tribeca Venture Partners-led Series A round. Its AI-powered software can integrate with cameras to pinpoint real-time security and safety threats and automatically alert security teams to address the event at hand. [Actuate]
