While innovations in artificial intelligence have been top-of-mind for techies across the globe, several other industries have been tracking growth of their own, thanks largely to investor backing. Spanning AI and more, check out which Big Apple tech companies secured last month’s highest venture capital sums.
Largest NYC Funding Rounds, April 2023
- Clear Street
- CoreWeave
- Kite
- AlphaSense
- Spring Health
#5. $71 million, April 12
Providing a business-to-business solution for mental healthcare, Spring Health announced a round of funding for its digital platform. The company lets employers offer their teams benefits such as meditation exercises, therapy and medication. Spring Health is valued at $2.5 billion following this $71 million round. The company has raised more than $370 million in total venture funding to date.
#4. $100 million, April 11
Tech unicorn AlphaSense equips its users with data on businesses that can help them develop corporate and investment strategies. Backed by $100 million in fresh capital from lead investor CapitalG and now valued at $1.8 billion, AlphaSense plans to hire new members to its sales team ahead of entering the public sector. It also plans to improve its tech to leverage new advances in the generative AI space.
#3. $200 million, April 10
Commerce company Kite serves digital-first consumer brands by helping them develop the infrastructure and tech needed to scale their businesses across multiple channels. With new equity funding from Blackstone and Juxtapose, Kite plans to grow its solution within the AI and the API economies. The company will build out its tech stack to help customers optimize manufacturing, supply chain, design and customer acquisition.
#2. $221 million, April 20
Led by Magnetar Capital, CoreWeave secured a Series B funding round for its cloud computing solution. The injection of funding came at a pre-money valuation of $2 billion and brings the company’s total capital raised to $371 million. CoreWeave will expand its data centers across the U.S. as well as hire new talent throughout the year.
#1. $270 million, April 11
Clear Street is an independent prime broker working to replace the legacy tech infrastructure used across capital markets. The company aims to serve all investor types across all asset classes with its cloud-native clearing and custody system. Valued at $2 billion following its latest investment from Prysm Capital, Clear Street wants to expand its reach into new markets and asset classes and accelerate the development of future product offerings. It also plans to increase its solution’s availability to all market participants.
