The NYC tech scene was busy last week with a slew of announcements ranging from a large acquisition to an office opening and several funding rounds. Catch up on the latest with the Built In NYC Weekly Refresh.
Shutterstock acquired Giphy. New York-based stock photo marketplace Shutterstock now owns Giphy, a search database for .gif files. Shutterstock purchased the company for $53 million from its previous owner Meta. The acquisition comes three years after Meta’s original purchase of Giphy in 2020. The deal is expected to close in June. [CNBC]
Openfin got $35M. Providing companies with its enterprise operating system, Openfin works to help them further productivity via app distribution, workspace management and workflow automation. The company announced a Series D funding round led by Bank of America to help increase the adoption of its operating system among financial companies and other industries. [PR Newswire]
NYC Tech Quote of the Week
“As the way fans consume content continues to evolve, WSC Sports is at the forefront of utilizing AI technology to revolutionize how this content is created and distributed, therefore having a lasting impact on access and discoverability for sports audiences around the world. The company is excited to further partner with media rights holders and expand product capabilities to deliver the ultimate sports viewing experience for fans.” — Amir Gelman, WSC Sports’ general manager and head of business development for the Americas
WSC Sports opened a new office. WSC Sports is a sports technology company with a global presence. Headquartered in Israel, the company announced a new space for its stateside team. The new, sports-themed office in the Big Apple spans 9,500 square feet and can accommodate 70 employees. The company said it plans to grow its headcount by 30 percent this year. [Built In NYC]
Sastrify secured $32M. Backed by a round of Series B funding from lead investor Endeit Capital, Sastrify will scale its global team to fuel product development. Based in Germany and New York, Sastrify operates a platform for buying and managing SaaS subscriptions. Alongside the raise, the company is expanding its core products and launching a marketplace solution. [PR Newswire]
Ballerine raised $5M. The company operates an open-source platform that helps businesses in the finance industry build software to help them make decisions about risk-related business moves. Ballerine announced its launch from stealth alongside a round of seed funding led by Team8. [TechCrunch]
