Cybersecurity proved to be a sector of interest among tech investors in the Big Apple last month. Two of the city’s largest capital raises went to companies in this space, though industries like digital marketing and food delivery made bank, too. Check out what’s happening on the NYC tech scene.
Largest NYC Tech Funding Rounds, March 2024
- Wonder
- Axonius
- The Brandtech Group
- Claroty
- FundGuard
#4 (tied). $100 million, March 25
Backed by its Series C funding round, investment management platform FundGuard is equipped to enhance its product and acquire new customers. The company’s AI-powered platform works to streamline investment accounting operations and workflows for asset managers and owners, custodian banks and fund administrators.
#4 (tied). $100 million, March 7
Specializing in cyber-physical system security, Claroty works to help prevent events like power outages, fuel shortages and disruptions to medical care caused by cyberattacks. The company raised $100 million in growth financing to accelerate its vertical and regional expansion, fuel product innovation and develop strategic partnerships.
#3. $115 million, March 28
Investors including Fimalac and NendoLabs injected $115 million into The Brandtech Group, a digital marketing company. The company will invest its capital in leveraging AI to create marketing campaigns. The Brandtech Group is valued at $4 billion following its latest raise.
#2. $200 million, March 5
A Series E extension round for cybersecurity company Axonius will help fuel innovation and global growth. Axionus helps businesses manage assets like devices, users, software, vulnerabilities and more, offering a system of record for all their digital infrastructure. The company helps businesses mitigate threats and navigate risk without the need for repetitive manual tasks.
#1. $700 million, March 19
Food delivery company Wonder brings meals cooked by chefs like Bobby Flay and Michael Symon to NYC consumers in six minutes or less. The company, owned by Marc Lore, currently has 11 physical locations with plans to expand following its latest injection of funding from investors like NEA, Accel and Bain Capital Ventures. Wonder plans to grow to 35 locations by the end of this year and 90 by the end of 2025.
