Looped Raised $7.7M, Axonius Pulled in $100M, and More NYC Tech News

March 8, 2021
image: Looped / Facebook

With several fresh funding rounds coming to New York tech companies last week, tech startups are growing their businesses and some are reaching unicorn status. Find out what’s new. This is the Built In NYC weekly refresh.

Tyto Care raised $50MThis telehealth startup sends customers medical kits to help them conduct various examinations at home. In the wake of increased pandemic-fueled demand, Tyto Care pulled in the Series D funding, led by Insight Partners, to support its international expansion as well as introduce new AI-enabled device capabilities. [Built In NYC]

Looped pulled in $7.7MHaving broadcast live performances by stars including Billie Eilish, Dua Lipa and Lamar Jackson, Looped is working to make its streaming platform more engaging and interactive during a time where entertainment has moved almost exclusively into the virtual realm. The company plans to invest the Will Ventures-led round in building out its technology stack. [TechCrunch]

NYC Tech Quote of the Week

“When you think of cybersecurity products, you think of things like AI and deception, cutting edge and cool technologies that are really exciting. Not exactly words you’d use to describe asset management, but we’re seeing huge success helping customers solve the most basic problems that they need to solve before they can prioritize the more exciting problems in cybersecurity.” —Axonius CEO and co-founder Dean Sysman

Axonius got $100MAnother unicorn made its way onto the NYC tech scene following this cybersecurity startup’s Series D funding round. Its asset management platform gives businesses network insights to help detect security gaps. The raise was led by Stripes and will allow the company to scale globally, hire more talent, innovate new products and pursue further growth. [Built In NYC]

101edu secured $4.6MIts mobile learning platform works to keep students engaged with virtual active learning, homework and assessment tools for STEM subjects. The edtech startup closed an oversubscribed Series A that will go toward funding its expansion into more STEM subject areas and hiring new talent in engineering and sales. Recurring Capital Partners led the round. [Built In NYC]

Simplebet raised $15MWith its gambling platform powered by AI and machine learning technology, this startup plans to put its latest infusion of capital toward adding a new feature to its product. The new feature, Scripts, coincides with Simplebet’s micro betting tool. With it, users will have more opportunities to place in-play bets around live sports events. The funding round came from investors including MGM Resorts International. [PYMTS.com]

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