The New York tech scene was booming with announcements across fintech, AI technology and more. Keep reading to catch up on the latest. This is the Built In NYC weekly refresh.
Chainalysis raised $170M. Chainalysis works with businesses and government agencies to look into crypto fraud and crime. The company raised a Series F round led by GIC, bringing its valuation to a soaring $8.6 billion. The company is also continuing to grow, with 370 positions available. [Built In NYC]
Talos gained $105M. Talos raised a Series B round that brought its valuation into unicorn status at $1.25 billion. Talos is a platform for digital asset trading that provides reliability and security. The funding is expected to be used to expand on and diversify its platform. The company also plans to increase its product lines and expand into the Asia-Pacific and European markets. [PR Newswire]
Hugging Face got $100M. Hugging Face is a learning platform/community for machine learning. Lux Capital led this Series C round, which brought the company’s valuation up to $2 billion. The new capital will go toward product development, research and the “responsible democratization of AI.” [Built In NYC]
Octane closed a securitization of $375M. The deal was collateralized by its outdoor power equipment and powersports loans. This is Octane’s fifth securitization. Octane provides financing for big recreational or outdoor purchases with offices in NYC and Dallas. [Yahoo Finance]
NYC TECH QUOTE OF THE WEEK
Augury acquired Seebo. Augury uses AI-backed technology to help companies with machine maintenance in distribution and production facilities. The company acquired Israel-based Seebo, which uses AI technology to reduce waste and lower emissions from manufacturers. The acquisition, which is expected to close in May, is said to be between $100 and $200 million. Augury is also currently hiring. [Built In NYC]
AlphaSense acquired Sentieo. AlphaSense is the market intelligence and search company, while Sentieo is the research platform for investors. AlphaSense will be able to scale product development under the acquisition. Sentieo will operate as a subsidiary of AlphaSense. [AlphaSense]
Petal gained a new chief technology officer. Petal is a fintech company that helps individuals build and manage credit. The company promoted its head of engineering, Ali Heron, to chief technology officer. Heron brings more than two decades of technology and finance experience to the role. Since joining the company a year ago, Heron has helped Petal triple its member base, quadruple its revenue and scale its technology. [PRWeb]
Current launched its platform API and partnered with Plaid. Current is a fintech platform helping customers with their financial circumstances. Plaid works with financial companies to provide the tools to allow customers to connect their accounts to other apps. Current’s new API will allow financial companies to embed its core banking technology. Plaid is its first partner and will help in the financial experience of Current’s customers. [PR Newswire]
