NYC’s 5 Largest Tech Funding Rounds Totaled Almost $1.6B in June

by Ashley Bowden
July 1, 2021
nyc
photo: shutterstock

VC firms focused a lot of their attention on startups in the healthtech space last month, but startups in several other sectors also received sizable investments. Check out how the NYC startups with June’s largest funding rounds are paving the way for the future of technology.

 

#4 (tied). $140 million, June 2

This heathtech unicorn is on a mission to provide specialist-level healthcare for patients living with chronic conditions. It’s planning to enhance its platform’s capabilities and launch new brands focused on providing better health outcomes with the money from its Series C round, which was led by HealthQuest Capital. To date, the company has raised $210 million in venture funding.

 

#4 (tied). $140 million, June 17

With its enterprise software that provides companies with protection for their IoT and operational technology assets, this cybersecurity company closed on its latest round of funding led by Bessemer Venture Partners and 40 North. Amid surging demand, Claroty predicts a 130 percent increase in ARR this year. It’s investing in growing its headcount by 50 percent as well as expanding its tech into new regions and verticals.

 

#3. $150 million, June 8

With plans to launch its care pathways platform that will provide patients with chronic conditions telehealth, pharmaceutical and expanded at-home testing services, LetsGetChecked pulled in a $150 million Series D led by Casdin Capital. The healthtech company is officially a unicorn following this latest round of venture funding.

 

#2. $157 million, June 8

Providing AI-powered transcription and captioning services, Verbit closed on a $157 million Series D led by Sapphire Ventures that now values the company at more than $1 billion. Having recorded 6x year-over-year revenue growth, Verbit is planning to put this new money toward preparing for a public offering. On the way, it’s also investing in product development, adding 200 new roles and fueling R&D.

 

#1. $1 billion, June 2

Celonis has seen huge growth with its platform that integrates with organizations’ operational systems to pinpoint workflow inefficiencies throughout their business. The company is planning to expand and build out its team following its latest round of funding, a hefty Series D round that was co-led by investors Durable Capital Partners LP and T. Rowe Price Associates.

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