CodeClimate Raised $50M, Eight Sleep Got $86M, and More NYC Tech News

Here’s what happened last week in NYC tech.
Written by Ashley Bowden
September 7, 2021Updated: September 9, 2021
PHOTO: CodeClimate

NYC tech companies have undergone a summer full of growth. As it continues that momentum with last week’s fresh funding and new developments, catch up on all the news from the city’s tech scene. This is the Built In NYC weekly refresh.

Eight Sleep pulled in $86MOn a mission to make sleep more comfortable, the company developed a tech-enabled mattress capable of ​​dynamic temperature regulation, biometric tracking and smart home integrations. With its Valor Equity Partners-led Series C funding, Eight sleep is planning to build out its product and expand its reach beyond the U.S. and Canada. The company is actively hiring as it aims to triple its headcount. [Built In NYC]

Quip pulled in $100MThe company offers products for personal oral care as well as professional dental care services. It just closed on a round of growth funding from investors including Cowen Sustainable Investments. The capital enables quip to scale its consumer packed goods (CPG) business, develop new verticals, fuel global expansion and accelerate professional services innovation. [FinSMEs]

NYC tech quote of the week

“Being closely connected to Contentsquare will provide a channel for Hotjar’s midsize customer base to access enterprise-level technology and have a partner grow alongside them. Together, we’ll help guide digital transformation in e-commerce and deliver data-powered, personalized digital journeys at scale.” — Jonathan Cherki, Contentsquare CEO

Hotjar was acquired by ContentsquareWorking to help businesses deliver high-quality customer experiences, digital analytics company Contentsquare is expanding its reach to SMBs by acquiring Malta-based Hotjar. Both companies monitor customer engagement and more through activities like scrolls and clicks. The companies will continue to operate independently, and Hotjar is currently hiring to add 230 new additions to its team. [Built In NYC]

Alma raised $50MTeletherapy company Alma aims to take the administrative burden off mental healthcare providers running their own practice by providing them with tools for client-matching, insurance and more. With its Series C funding led by Insight Partners, Alma is looking to fuel national expansion beyond the eight states it currently services. [Built In NYC]

Botify secured $55MOffering brands SEO solutions to help them garner revenue from organic online searches, software developer Botify announced the close of its Series C round. Led by investor InfraVia Growth, the new capital enables Botify to double its 200-person headcount over the next few months. Its solution uses data analytics and AI to help brands get the most out of their online presence. [Built In NYC]

Code Climate got $50MAiming to help enterprise engineering and product teams reduce cycle time and ship software faster, Code Climate offers an engineering intelligence solution that provides ​​data-driven insights. With its recent injection of Series C funding led by PSG, Code Climate is advancing its product vision, extending its sales reach and scaling customer success. [Business Wire]

Onna made a new executive hireJoining its team as vice president of marketing, Darin Bartik will take on the task of building market awareness and driving demand for Onna’s enterprise knowledge integration platform. Bartik has accumulated over two decades of experience executing go-to-market strategies from his time at companies like Aelita Software, Quest Software and Dell. [Onna]

OwnBackup acquired RevCultSpecializing in cloud data protection, Englewood Cliffs-based OwnBackup announced its purchase of RevCult, a company offering solutions for security and compliance on Salesforce. The acquisition will enable OwnBackup to accelerate innovation in the cloud and provide its customers with protection against the primary vulnerabilities that lead to data loss and corruption. [OwnBackup]

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