The five largest funding rounds coming from the NYC tech scene generated $660 million last month. The funding went toward innovations in emergency communications, supply chain visibility and online publishing tools. Keep reading to see which NYC tech companies attracted the most funding in October.
Largest NYC Tech Funding Rounds, October 2022
- OpenWeb
- Uniswap Labs
- Bilt Rewards
- Altana AI
- RapidSOS
#5. RapidSOS: $75 million, October 25
RapidSOS’ intelligent safety platform connects internet-enabled devices, like smartphones, smartwatches, cars and home security systems, to first responders during emergencies. The technology connects more than 500 million devices with more than 15,000 first responder agencies. The company will use this new funding to explore cloud, data science, mapping and video technologies.
#4. Altana AI: $100 million, October 3
Altana AI’s technology uses artificial intelligence to provide governments and businesses with insights into global supply chains. Altana AI CEO Evan Smith told VentureBeat that the company is in a unique position to help other businesses determine their scope-3 greenhouse gas emissions, which are emissions produced by companies within its supply chain. This Series B round comes just over a year after the company raised a $15 million Series A.
#3. Bilt Rewards: $150 million, October 25
Bilt Rewards members earn points simply by paying rent with the Bilt Mastercard. Members who live in a Bilt Alliance property can earn additional points by paying rent with the Bilt Rewards app. These points can be put toward next month’s rent, a down payment for a home, airline tickets, hotel rooms or group fitness classes. This latest funding round valued the company at $1.5 billion, making it a new tech unicorn.
#2. Uniswap Labs: $165 million, October 13
Uniswap Labs is the parent company of the Uniswap Protocol, which is the largest decentralized cryptocurrency exchange. Users will soon be able to trade assets beyond cryptocurrency, as the company plans to use its massive Series B round to launch non-fungible tokens, a mobile platform and other features. Uniswap Labs told TechCrunch that it is now valued at $1.66 billion.
#1. OpenWeb: $170 million, October 27
The New York Times, Hearst and Yahoo! are among the more than 1,000 online publishers that use OpenWeb’s technology “to combat toxicity and create healthier, open spaces for conversations that move society forward,” according to OpenWeb co-founder and CEO Nadav Shoval. The company provides content moderation, while also collecting audience data to drive personalized advertising at scale. The Series F financing round, which comes nearly one year after a $150 million Series E round, brings the company’s valuation to $1.5 billion.
