Tech roundup: Google to invest $1B in NYC, major pre-holiday fundings, and more

December 20, 2018
Google
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Google reveals plans for $1B expansion of NYC presence

Google (you may have heard of them) has boasted a large footprint in New York City’s trendy Meatpacking neighborhood since 2006. Ten years later, the company is taking another stride towards expansion: earlier this week, Google announced a $1 billion investment in the city, including the construction of a brand new, 1.7 million square-foot office space on Hudson Street. Reports expect construction of the new developments to continue through 2022.  [Digital Trends]

 

K Health
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K Health raises $25M in Series B funding round

Winter is high time for sneezes and sniffles — but how do you know when it’s a 24-hour bug or something more serious? K Health just raised $25 million to help avoid such unnecessary trips to the doc’s office. The company’s software uses artificial intelligence to help diagnose symptoms and provide a more accurate assessment for at-home care. The $25 million Series B round puts the company at a funding total of $37.5 million. 14W led the round, with Comcast Ventures and Mangrove Capital Partners, Lerer Hippeau, BoxGroup and Max Ventures also participating. [Built In NYC]

 

Yext
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Yext eyes Aetna’s Meatpacking District digs

Office space changes are in the air. In a gradually solidifying deal, Yext appears to be first in line to take over Aetna’s pricey and posh office space. Located at 61 Ninth Avenue, the sublease encompasses 145,000 square feet of space, and features a swanky Starbucks Reserve Roastery in the lobby. Aetna has been working to find a suitable tenant since it announced its plans to vacate the office last year. If the deal pulls through, Yext’s current 40,000-square-foot space at 1 Madison Avenue would be up for grabs. [Crain’s]

 

Datacamp
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DataCamp raises $25M in new venture round

Since its 2013 founding, DataCamp has been working to equip individuals with the skills and information they need to understand and master the world of data science. The demand for such skills is so great, in fact, that DataCamp just raised an additional $25 million to help accelerate this training. According to reports, the company will use the funds to expand its international presence and increase its course offerings. Spectrum Equity led the round, with Accomplice and Arthur Ventures also participating. [Venture Beat]

 

Avanan
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Avanan looks to scale with new $25M funding

Geez, is everyone is getting $25 million fundings in their stocking but me? Avanan, following the evident trend, also raised $25 million in a Series B funding round this week. The company, which was founded in 2014, creates enterprise-scale security solutions. As for the funding, StageOne Ventures, Magma Venture Partners and Greenfield Partners all participated. The funds will be used to scale the company’s presence and platform around the world. [Ciso Mag]

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