UiPath Raised $750M, Capital RX Pulled in $50M, and More NYC Tech News

February 8, 2021
photo: uipath 

In a busy week on the venture capital front, several New York tech companies pulled in fresh funding rounds both big and small. Read more to learn what else happened last week. This is the Built In NYC weekly refresh.

UiPath pulled in $750MFollowing the close of its Series F round led by Alkeon Capital and Coatue, the enterprise automation company has reached a valuation of $35 billion. UiPath’s software mimics repetitive daily tasks, allowing for companies and their employees to save more time and money. The raise follows a year of huge growth for the company. [Built In NYC]

Capital Rx raised $50MThe company manages pharmacy benefits and is looking to further its online platform, JUDI. The cloud-based healthcare management platform allows employers to see their health spending, utilization trends and patient outcomes to make sure employees are receiving effective and affordable healthcare. The Series A round was led by Transformational Capital. [Built In NYC]

NYC Tech Quote of the Week

“We believe in tried and tested principles of regular, long-term, and balance investing as the key to build wealth. We therefore built Stash to make diversified investing easy, affordable and accessible, backed by personalized advice and accessible education — in order to avoid the pitfalls of short-term speculation and day-trading.” —Stash CEO and co-founder Brandon Krieg

Stash raised $125MWith the funds from its Series G round led by Elridge, the fintech company plans to expand the reach of its personal finance app. The platform works to help Americans build wealth, reach their financial goals and manage their money. Stash is also looking to hire several new additions to its tech teams. [Built In NYC]

Touchcast pulled in $55MAiming to redesign virtual conferences, Touchcast utilizes AI and mixed-reality to make it appear as though speakers are actually onstage at an in-person conference. It also provides features like real-time language translation. The Series A round was led by Accenture Ventures and will allow the company to scale its platform. [Built In NYC]

Axoni got $31MThe equity financing was led by investors Deutsche Bank and Intel Capital. The raise brings the enterprise infrastructure company’s total funding up to $90 million. As it works to adopt blockchain for automatic financial markets, the fresh cash will enable Axoni to expand its platform’s network. [BTC Manager]

Bizzabo partners up with AdobeWith its hybrid approach to virtual event experiences, Bizzabo has joined the Adobe Exchange for Enterprise Cloud program. The new partnership will allow the company to further its mission of creating a way for B2B marketers to manage professional events around the world, either virtually, in-person or a hybrid combination of both. [Bizzabo]

Narmi secured $20.4MLooking to digitize the banking industry with its cloud-based platform, the company just closed on its Series A led by New Enterprise Associates. Using Narmi, financial institutions are able to build features aimed at bettering their online customer experience. The funding will help the company expand its product offerings and grow its headcount. [Built In NYC]

Alma got $28MThe company is taking a provider-first approach to making mental healthcare more affordable for people nationwide. The Series B round led by Insight Partners will allow Alma to expand its national network, grow its team, invest in product development and increase its offerings of in-network care options. [Built In NYC]

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