NYC’s Top 5 Tech Funding Rounds Totaled $311M in February

Find out how the local innovators that secured last month’s largest venture sums are investing the fresh capital.

Written by Ashley Bowden
Published on Mar. 01, 2024
Shot of the GWB from below. Tall apartment buildings are in the foreground.
Photo: Shutterstock

Tech innovators in the Big Apple are implementing AI technology across various industries. From physical safety solutions to consumer analytics, find out which local tech companies received ample venture funding last month to fuel their ideas.

NYC’s Largest Tech Funding Rounds, February 2024

  1. Oishii
  2. Intenseye
  3. Fabric
  4. EasyKnock
  5. Qloo

 

#5. $25 million, February 21

AI Ventures led a Series C funding round for Qloo, a consumer analytics company that leverages AI to analyze consumer behavior data and predict their preferences. The company plans to launch a self-service interface later this year, expanding its solution’s reach to SMBs and individuals.

 

#4. $28 million, February 29

EasyKnock is developing products and services to provide consumers with alternative ways to buy, sell and finance new homes as well as make use of their equity. Its Series D round was led by Northwestern Mutual Future Ventures and will help EasyKnock fuel product development.

 

#3. $60 million, February 21

Fabric operates a care enablement platform that automates clinical and administrative tasks. The company pulled in a $60 million Series A funding round led by General Catalyst to expand its team and enhance its workforce automation solution. Fabric serves 70 enterprise health systems to date.

 

#2. $64 million, February 27

Offering workplace safety technology, Intenseye leverages computer vision to offer employers visibility into unsafe acts and conditions that could precede work-related injuries or illnesses. Its latest round of funding will help Intenseye expand its technology ecosystem. Lightspeed led the Series B round.

 

#1. $134 million, February 27

A sizable Series B funding round spearheaded by NTT will help vertical farming company Oishii fuel expansion across the Northeast region. The produce company plans to open a solar-powered facility and expand distribution to new markets. Its fresh capital will also help Oishii invest in advanced robotics technology.

Methodology: Built In tracked the largest funding rounds of the month using previous reporting, data from Crunchbase and articles from other publications and companies. This list highlights the five largest funding rounds raised in February by tech companies with a headquarters in New York City. We only include venture capital and equity raises and do not include debt or post-IPO funding rounds in this list.

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