Weekly Refresh: Loadsmart Raised $90M, Verbit Got $60M, and More

Read our weekly refresh for trending NYC tech news.

Written by Anna Holmquist
Published on Nov. 23, 2020
Weekly Refresh: Loadsmart Raised $90M, Verbit Got $60M, and More
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Forter raised $125M. The startup detects and prevents e-commerce-related fraud. Bessemer Venture Partners, Felix Capital and Itai Tsiddon led the Series E. [Built In NYC]

Loadsmart raised $90M. The company offers an on-demand digital freight and logistics platform. The Series C round was co-led by BlackRock and Chromo Invest and will help the company grow its platform through a partnership with logistics giant and fellow investor TFI International. [TechCrunch]

44 NYC companies made the Fast 500 list. Deloitte released its 2020 Technology Fast 500 list. Nanit topped the list for NYC, ranking 19th overall. [Built In NYC]

Verbit raised $60M. The startup uses machine learning and natural language understanding for voice transcription and captioning. Sapphire Ventures led the Series C. [VentureBeat]

Electric acquired Sinu. IT solutions company Electric just snatched up Sinu, a managed IT service provider to help fuel its continued growth. The company’s revenue has been doubling every year. The company last raised funds in May, when it announced $7 million in fresh cash. [Press Release]

Levels got $12M. The startup wants to help people understand how their diet affects their day-to-day health. Andreessen Horowitz led the seed round. [Built In NYC]

Bella wants to give back. The digital banking startup plans to give $1 million in cash back in its next four weeks on the market. It also offers a Karma account, which can be used to cover other users’ purchases. [Built In NYC]

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