With several NYC companies pulling in sizable rounds of venture capital last week, these startups are shaking up the city’s tech scene across a wide range of industries. Read more for the latest. This is the Built In NYC weekly refresh.
Noom pulled in $540M. Providing users with insights as to what spurs negative thoughts and detrimental habits, health coaching app Noom closed a Series F mega-round led by Silver Lake. It’s planning to spend the capital on innovating its tech, provide more benefits programs for employees and expand into new locations. It’s also hiring for about 50 NYC-based positions. [Built In NYC]
Forter secured $300M. The company’s machine learning-powered software detects customer behavioral patterns when shopping online to prevent fraudulent credit card transactions. Now, it’s fueling global expansion with a fresh injection of cash. Tiger Global Management led Forter’s Series F round that values the company at $3 billion. [Built In NYC]
NYC Tech Quote of the Week
Contentsquare raised $500M. With its platform that gathers anonymous web, mobile and app interactions, Contentsquare provides businesses with actionable insights to why people visit their sites, aiming to help them up their user engagement. It just closed on a SoftBank-led Series E that’ll go toward furthering its tech, expanding its global footprint and accelerating its go-to-market efforts. [Built In NYC]
Bowery Farming raised $300M. Specializing in vertical farming, the company developed its BoweryOS system that uses tech like AI and robotics to power the operations behind producing fresh leafy greens indoors. With its Series C funding led by Fidelity Management & Research Company LLC, Bowery is planning to add more large-scale commercial farms across the country in hopes of an eventual international expansion. [Built In NYC]
Snappy pulled in $70M. With its latest round of funding, led by GGV Capital, the enterprise gifting platform’s total funding to date comes to $100 million. Snappy plans to invest its Series C in hiring new talent to its team of 130 as it works to expand into new markets. The company’s platform uses an algorithm that helps take the guesswork out of finding the perfect gift for employees and customers. [Business Wire]
SevenFifty got $23M. Offering a wholesale marketplace solution for the alcoholic beverage industry, SevenFifty raised its Series B funding round after a year of significant growth. The company grew its revenue 100 percent over last year and caters to over 90,000 restaurants. It’s planning to invest the fresh capital in growing its team to 180 people with openings for engineering, sales, operations and marketing positions. [Built In NYC]
Vimeo started trading as a standalone company. After spinning off from media company InterActiveCorp (IAC), the video software company completed its first day of public trading following a weeklong “when-issued” trading period. Vimeo now boasts an $8 billion valuation. Its shares on Tuesday finished at $45.39, below Monday’s when-issued closing price of $52.08. [MarketWatch]
