Weekly Refresh: NYC Startups Raised More Than $223M This Week

by Tatum Hunter
October 7, 2019
NYC tech funding news october 2019
photo via shutterstock

NS1 raised $33 million with plans to hire. NS1 is a domain name system technology provider that supports digital organizations by making sure their websites are accessible to computers across the world. The funding, led by Dell Technologies Capital with participation from Cisco, will let NS1 expand its team and outreach and enhance its product offerings. [Built In NYC]

HYPR secured $18.3 million to help companies do away with online passwords. It’s human nature to re-use passwords, HYPR’s CEO told Built In, but this practice makes enterprises vulnerable to “credential stuffing” attacks from hackers. HYPR is working to replace passwords and other “shared secrets” with public key cryptography systems, which force hackers to target users individually instead of orchestrating large breaches. [Built In NYC]

Atom Finance raised $10.6 million to build a user-friendly investing app. Atom’s platform offers users lots of information about markets, financial news, historical financials and valuation metrics, but it aims to make that data easy to access and put to use. With this funding, it plans to hire for engineering, growth, product marketing and operational roles. [Built In NYC]

Rhino brought in $21 million to make moving easier for renters and landlords. Security deposits can be financially stressful for renters and bad for the economy — all that money sitting in escrow accounts can’t generate interest. Through Rhino, renters can skip the deposit and pay as little as $3 each month to sponsor insurance plans for their landlords. The company saved renters more than $60 million in 2019. [TechCrunch]

Content recommendation companies Taboola and Outbrain joined forces. These two companies power the AI-generated suggested content you see at the bottom of news articles and other published works online. Taboola acquired Outbrain in a $250 million deal, setting the combined companies up to compete with Google, Facebook and Amazon in the online advertising space. The merger values the combined entity at $2 billion. [TechCrunch]

Helbiz will deploy 20,000 tech-enabled bikes and scooters across the globe. The micro-mobility startup received an $8 million investment from Chinese electric vehicle producer Forever Sharing to bring e-bikes and e-scooters to Asia and other international markets. [Press release]

Brightfield raised $53 million to help large companies leverage the gig economy. Brightfield is a SaaS platform that provides market intelligence to companies that work with temps, consultants, freelancers and contractors. The database helps the organizations optimize their spending and structure their teams accordingly. [Press release]

Unqork closed an $80 million Series B led by CapitalG, the venture arm of Google parent company Alphabet. Tailor-made enterprise applications are a boon for businesses. Unqork lets companies build their own without using code. They can just drag and drop features into place — kind of like what Squarespace or Weebly do for website building. [Crunchbase News]

MediaMath launched SOURCE with the goal of creating a more transparent digital media supply chain. MediaMath wants good ads, not more ads, its CEO said in a statement, and SOURCE will give brands and agencies a less muddled view of impressions, properties, customers, prospects and data. [Press release]

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