DataDog is valued at more than $10 billion following its IPO. Datadog is a software platform for monitoring and analyzing cloud data. After going public on Thursday at $27 per share, the company’s stock went as high as $41 per share. [Built In NYC]
Primary raised $20 million to expand its line of gender-neutral kids’ clothing. The company’s motto is, “No logos, no slogans, no sequins,” and its simple styles seem to resonate with busy parents — Primary has doubled its sales year over year. With the new funding, the company will launch a line of unisex pajamas for adults. [Built In NYC]
Teampay, whose software makes business expenses easier and more transparent, secured $12 million. The company plans to use the funding to do more hiring. [Built In NYC]
MATTER is expanding its healthcare startup accelerator to NYC. With the backing of the New York City Economic Development Corporation and healthcare investment firm Deerfield Management, MATTER will launch an innovation lab in 2021 to build the healthtech and life sciences startup ecosystem in the city. [Built In NYC]
Elementus raised $3.5 million to hunt down crypto criminals. The blockchain analytics firm examines blockchain data for evidence of wrongdoing. It’s investigated scandals on various cryptocurrency exchanges and will use the new funding to continue its work with law enforcement clients and forge partnerships with government agencies and financial institutions. [Built In NYC]
Peloton hit the market in a much-anticipated IPO. Peloton provides at-home fitness bikes and workout class streaming. Its stock closed at $25.76 Thursday. [CNBC]
One Drop raised $40 million and launched a partnership with Bayer. Bayer, one of the largest pharmaceutical companies in the world, will license One Drop’s diabetes management platform for use in other therapeutic areas like oncology, heart disease and women’s health. [Press release]
Summer raised $10 million to help student loan holders reduce their debt. The platform parses the complicated rules of student loan forgiveness programs and makes them more accessible. The company has helped 10,000 borrowers save $8 million collectively, its CEO told TechCrunch. [TechCrunch]
Veeva Systems acquired Crossix Solutions for $430 million. Crossix provides privacy-safe patient data and analytics to pharmaceutical brands for marketing purposes. It will remain headquartered in New York. [Press release]
Internet testing and analysis company Ookla added Shivani York as COO. York previously held leadership positions with In Rhythm, Ziff Davis, NPD Group, TIME.com and NYTimes.com. She will split her time between New York City and Seattle. [GeekWire]
Stealth Communications is launching New York City’s first gigabit, fiber-based “popup network.” The initiative will provide fixed connectivity for short-term projects that require live screaming (think festivals, fashion shows or gaming events) to prevent slow speeds and outages. [Press release]
