OwnBackup Raised $240M, Saturn Got $44M, and More NYC Tech News

August 16, 2021
photo: ownbackup

These Big Apple tech companies are making big moves. See who raised fresh funding and made other moves as the NYC tech scene continues to thrive. This is the Built In NYC weekly refresh.

Saturn raised $44M. The platform offers a solution that combines scheduling capabilities like calendars with social media features like group messaging. Geared toward younger generations, Saturn has seen rapid growth among Gen Z users. With its venture funding from investors General Catalyst, Insight Partners and Coatue, Saturn is planning to build out its team with a focus on product and engineering. 

NYC companies made Forbes’ Cloud 100 listWith 15 Big Apple companies making the cut, Forbes listed the top cloud companies around the world based on metrics like growth, sales, valuation and culture. The NYC companies featured raised a total of $5.4 billion in combined venture capital and employ about 8,000 New York natives. A few leading names, all of whom are also hiring, include Cedar at no. 53, Yotpo at no. 51, Collibra at no. 40, Braze at no. 23 and Attentive at no. 12. [Built In NYC]

NYC Tech Quote of the Week

“WoodSpoon looks and feels very similar to any other food delivery app that you’ve probably ever used. It’s just that the main difference is that you’re not ordering food from restaurants, [you’re ordering] from local home chefs who are cooking in their kitchen.” —Oren Saar, WoodSpoon co-founder and CEO

WoodSpoon pulled in $14MProviding a food delivery service for dishes made by local chefs, WoodSpoon’s platform gives users a way to order homemade meals straight to their door. The company just closed on a Series A round of funding led by Restaurant Brands International, and with the cash it’s fueling expansion into new markets. WoodSpoon is currently available in the Manhattan, Brooklyn and Queens neighborhoods. [Built In NYC]

FireHydrant secured $23MOffering enterprises an automated solution for incident management, the company just closed on its latest round of funding led by Harmony Partners. With the Series B, FireHydrant is investing in product R&D and customer acquisition. It also wants to double the size of its 54-person team by the end of the year with a focus on engineering. [Built In NYC]

OwnBackup got $240MThe Englewood Cliffs, New Jersey-based company offers an enterprise solution to help its customers own and protect their data across any cloud platform. Following this Series E raise co-led by Alkeon Capital and B Capital Group, OwnBackup has raised a total of about $500 million in venture capital to date. It’s planning to invest its latest sum of cash in extending its tech into Microsoft’s Dynamics 36 platform. [OwnBackup]

Say Technologies to be acquired by RobinhoodThe San Francisco-based investment platform is buying Say for $140 million. The company provides a solution for shareholder voting and communication. By adding Say to its team, Robinhood plans to build out its platform to offer user experiences that will “democratize shareholder access.” [Yahoo News]

AvePoint made additions to its C-suiteSpecializing in developing data management software for Microsoft 365, AvePoint is preparing for future growth with an updated executive team. Joining AvePoint are James Caci as chief financial officer, and Thomas Lin as chief operating officer. Caci previously served as CFO at Brand Value Accelerator and Lin was AvePoint’s first sales executive. [AvePoint]

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