Piano Software announces $22M Series B funding
On January 10, Piano Software announced it had closed its Series B round to the tune of $22 million. Founded in 2010, Piano offers a range of tools for digital media companies to better understand their business, and is trusted by major names such as Time, CNBC, TechCrunch and more. Updata Partners led the latest funding round, which will be used to enhance and expand upon the company’s current offerings. [Finsmes]
The Farmer’s Dog just closed their $39M Series B funding round
The pet industry is big and only getting bigger. The latest proof? Dog food subscription service The Farmer’s Dog just closed its $39 million Series B round — the largest Series B round of any such pet-focused startup to date. Insight Venture Partners led the funding, with participation also coming from Shasta Ventures and Forerunner Ventures. The fresh funds will be used to help scale the business and serve more pups, nationwide. [Forbes]
NYC officials plan blockchain-focused tech center
Earlier this week, the New York City Economic Development Corporation announced that it would be taking steps to develop a blockchain-focused research center in New York City. The NYC Blockchain Center project is being co-led by FuturePerfect Labs and the Global Blockchain Business Council. While details on the space are yet limited, we do know that the center is planning on setting up shop in the Chelsea neighborhood, aka “Silicon Alley.” [Dey There]
Sonrai Security closes $18M funding round ahead of launch
There’s a new cloud-based security system in town, and it just raised $18 million. Sonrai Security, founded in 2017, announced the closure of its Series A funding round, and launch of its first product, on January 15. Sonrai Security’s tools were developed to protect data and identity across the cloud. Polaris Partners and TenEleven Ventures both led the round, with the New Brunswick Innovation Foundation also participating. [Global Newswire]
NYC tech feels effects of government shutdown, now longest ever
While many tech companies are private institutions and therefore not subject to the effects of the federal government’s partial shutdown, NYC-based tech contractors are proceeding with caution. While other federal employees are set to receive back pay for the period during which they were asked to work without compensation, federal contractors, such as those who work on the government contracts of companies like Microsoft and Oracle, must endure a greater deal of uncertainty, as it falls to the company to reimburse contractors. [Xconomy]
