Weekly Refresh: 5 NYC Funding Rounds to Know this Week

by Tatum Hunter
October 28, 2019
NYC tech news jobs fundings

photo via shutterstock

Fabric, formerly CommonSense Robotics, secured $110 million to build a flexible micro-fulfillment platform for retailers. Customers expect fast delivery, but last-mile costs often make this unprofitable for retailers. Companies can choose to leverage Fabric’s technology for robotics-enabled micro-fulfillment centers on their own sites, or to put their products in one of Fabric’s existing facilities. [Built In NYC]

Grafana Labs brought in $24 million to package its open source projects into a comprehensive platform. Grafana Labs originated as a support service for open source software Grafana, which helps researchers and businesses with system analytics. Now, it will fold in its projects Loki and Prometheus to create one integrated, open source platform. [Built In NYC]

Current raised $20 million to promote its mobile banking app. Current provides personal checking accounts and Visa debit cards paired with a mobile app. By keeping its own costs low, Current can avoid charging overdraft and minimum balance fees, as well as offer faster direct deposits. Alongside the funding round, it expanded its partnership with Visa to gets its brand name in front of more consumers. [Built In NYC]

Firedome closed on $10 million to provide security for the internet of things. An internet-connected fridge sounds cool, until it joins a botnet and starts sending spam emails. Firedome’s “real-time” endpoint security can adapt to keep up with new vulnerabilities in connected devices. While its initial focus was home devices, the fresh funding will allow it to expand to industrial and enterprise customers. [Built In NYC]

Bizly raised $1.5 million in strategic funding. Bizly makes enterprise software for event planning that automates many aspects of project management. It also announced the appointment of Kevin Iwamoto to chief strategy officer. Iwamoto has held leadership positions at HP, Disney, StarCite, ACTIVE Network and Lanyon. [Company statement]

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