In May, the top five tech funding rounds in NYC raised a total of $936.6 million. Sidewalk Infrastructure Partners topped the list with a whopping $400 million round. Read on to get the details on the biggest fundings from this month.
#5. $75 million, May 20
Its platform helps to manage a company’s portfolio of SaaS applications. Warburg Pincus led the financing round. It aims to use the funds to meet an increase in demand and also work on future product innovations.
#4. $86.6 million, May 5
The enterprise database startup launched in 2016. Altimeter Capital and BOND led the Series D round. With the funds, it plans to hire and develop its product.
#3. $185 million, May 1
Its platform uses AI to analyze a call center’s most efficient calls and gather insights to help agents adjust their approach in real time. The Series B will go toward research and development and meeting an increase in demand. Emergence Capital, March Capital Partners, Euclidean Capital and more participated in the funding.
#2. $190 million, May 19
The startup helps brands see how customers interact with their websites. BlackRock’s Private Equity Partners team led the Series D round. It plans to hire 200 employees over the rest of this year.
#1. $400 million, May 7
The company focuses on transforming digital infrastructure, mobility, energy, water and waste, and transportation using AI and tech. Alphabet and the Ontario Teachers’ Pension Fund led the Series A investment. It aims to grow its team and also build a facility in the Midwest to recycle cast-off plastic.
