In the city that never sleeps, tech news has been consistent in NYC, with new developments arising every week. Lately, New York is seeing a multi-billion dollar acquisition, a nine-digit capital raise and more. This is the Built In NYC Weekly Refresh.
Nasdaq to make $10B acquisition. Stock exchange Nasdaq announced an upcoming $10 billion acquisition. It will purchase Adenza, a provider of risk management and regulatory solutions for the financial services industry. The deal will reportedly help Nasdaq extend more comprehensive support to financial institutions. [Crunchbase news]
Madhive secures $300M. TV advertising tech solution Madhive announced a significant investment from Goldman Sachs. The platform’s list of broadcasting clients includes names like FOX, Scripps and TEGNA. Madhive plans to use this fresh funding to accelerate the growth and adoption of its connected TV platform, as well as expand into new channels like national and direct-to-consumer advertisers and retail media networks. [Business Wire]
NYC Tech Quote of the Week
“The current information environment can often induce feelings of helplessness, as the scale of the problem seems insurmountable, but Blackbird aims to change this. Looking ahead, I am eager for that moment when our users realize their potential to make a difference in this battle of realities.” — Wasim Khaled, Blackbird’s CEO and co-founder
Blackbird.AI pulled in $20M. Helping protect businesses against having their brand sabotaged by misinformation, Blackbird operates an AI-driven platform that can detect harmful narratives across multiple digital channels. The company announced a Series B funding round led by led by Ten Eleven Ventures that it plans to invest in scaling sales and marketing efforts and expanding into new markets. [Built In NYC]
Ten Thousand raised $21.5M. Ten Thousand is a direct-to-consumer brand for athletic attire. The company plans to enhance its digital marketing efforts and ramp up production following a new investment from lead investor Provenance. The company announced its Series A round alongside a partnership with fitness club operator Life Time, in which Ten Thousand will sponsor some of Life Time’s events. [Yahoo Finance]
Medivis secured $20M. Operating in the medtech space, Medivis uses augmented reality and artificial intelligence to enhance surgical navigation. The company announced a Series A funding round led by Thrive Capital that it plans to invest in scaling its engineering team, obtaining regulatory clearances and commercializing its tech worldwide across specialties like neurosurgery and reconstructive surgery. [PR Newswire]
Kafene hired its first CRO. Kafene is a fintech solution that serves underbanked communities. The company allows consumers to make big purchases through its offers lease-to-own services. Kafene announced Jonathan Kurzner, formerly of Cint, as its new chief revenue officer. Kurzner will be responsible for helping grow Kafene’s product’s profitability. [Built In NYC]
