Keeping stride with September’s strong month of funding, New York tech companies received another large influx of venture capital dollars in October. New York tech companies raised over $655 million, surpassing last month’s fundings by over $113 million. Here's a look back at the top five rounds from this month.
5. ContentSquare, $20 million, October 19
Investors: Highland Europe
Bio: ContentSquare is an experience optimization platform for online and mobile businesses. The company helps brands measure content performance, using artificial intelligence to provide data-driven insights into visitor behaviors, engagement and consumer decisions.
News: The company plans on using the new capital for global expansion and attracting new talent.
4. Clarifai, $30 million, October 25
Investors: Menlo Ventures, Union Square Ventures, Lux Capital, Qualcomm Ventures, and Osage University Partners.
Bio: Clarifai is a visual recognition AI company that helps businesses integrate artificial intelligence and machine learning into their apps.
News: The company will use the new capital to grow their engineering and business teams, as well as hire additional researchers.
3. Cloud9 Technologies, $30 million, October 12
Investors: JPMorgan Chase & Co., ICAP, Barclays and Point72 Ventures
Bio: Cloud9 Technologies provides a voice analytics and workflow solution for financial firms. The cloud-based communication platform allows traders to place trades and communicate with the back office.
News: The company plans on using this new funding to expand so it can offer its product to investment banks as well as move into new markets.
2. Payoneer, $180 million, October 5
Investors: Technology Crossover Ventures and Susquehanna Growth Equity
Bio: Payoneer’s digital platform helps businesses send and receive money overseas.
News: The company plans on using the new funding to double its product development and technical staff.
1. WeWork, $260 million, October 12
Investors: Shanghai Jin Jiang International Hotels
Bio: WeWork is a coworking staple in New York City. The company started as an eco-friendly coworking experiment in Brooklyn, and has since morphed into one of the most popular places to work for entrepreneurs across the country and the world.
News: WeWork’s latest $260 million funding closes its Series F round, which was in part raised in March with a $430 million funding. In total, WeWork has now raised $1.7 billion in private capital and is valued at $16.9 billion. The latest funding will be used to fuel the company’s global expansion, specifically into Asia.