Business on the Big Apple tech scene is going strong per last week’s latest. From pet wellness to cybersecurity, find out how these NYC startups are shaking things up. This is the Built In NYC weekly refresh.
Outbrain secured $200M. Its platform helps online consumers discover new products through recommendation feeds on media platforms, and it connects relevant advertisers to those audiences. The company just pulled in new funding from The Baupost Group. Last month, it filed for IPO under the NASDAQ ticker symbol “OB.” [FinSMEs]
Glossier pulled in $80M. D2C companies have been thriving during the pandemic. One of those is beauty brand Glossier with its Series E round led by Lone Pine Capital. The company sells low-cost products for a range of purposes from skincare to fragrances. With the funding, Glossier is planning to further its e-commerce capabilities and scale its physical store locations. [Built In NYC]
NYC Tech Quote of the Week
Wagmo secured $12.5M. Working in the pet wellness and insurance space, this company closed on a Series A funding round led by Revolution Ventures. Its platform assists pet owners with concerns ranging from big things like cancer and broken bones to everyday services like grooming. Wagmo is looking to invest its funding in developing new product features, establishing new partnerships and growing its team. [Built In NYC]
Thrive Global pulled in $80M. On a mission to end employee burnout, Thrive’s platform offers users tools aimed at improving health and productivity. It also provides live programs and well-being analytics. With the new capital led by Mamoon Hamid, the Arianna Huffington-led company is investing in its data science, AI and machine learning capabilities as it works to improve its platform. It’s also building out its team across a number of departments. [Built In NYC]
SWORD Health got $85M. Offering patients virtual care for musculoskeletal conditions, SWORD Health pairs users with a licensed physical therapist as well as its digital therapy device that uses sensors to provide personalized treatment. The company closed on a Series C round led by General Catalyst, and it’s investing the capital in building out its platform. It currently lists 50 open positions on its team as well. [Built In NYC]
Deep Instinct got $67M. Its platform applies end-to-end deep learning to cybersecurity and helps prevent unknown threats like malware and ransomware, as well as known threats. The new injection of capital came from Chrysalis Investments as an addition to Deep Instinct’s previously raised Series D. The new funding will help the company expand its go-to-market capabilities and fuel R&D. [London Stock Exchange]
Dataminr acquired WatchKeeper. The company just made its first-ever acquisition: U.K.-based WatchKeeper, a company that helps corporate physical security executives learn how events could affect their companies’ assets. WatchKeeper will be fully integrated into Dataminr Pulse as the company works to create new ways to use public data. Terms of the deal were not disclosed. [TechCrunch]
Coast raised $6M. The addition to the Daniel Simon and Andrew Woolf-founded startup’s $3.5 million seed round was led by investor Better Tomorrow Ventures. Fintech company Coast plans to release a new credit card and finance platform to provide fleet managers better visibility and transaction control of the spending of their drivers. [FreightWaves]
