NYC tech companies announced acquisitions, new offices and hundreds of millions of dollars in funding last week. Keep reading to learn about the companies that made headlines. This is the Built In NYC Weekly Refresh.
Wiz raised $300M. The Series D funding round valued the cloud security company at $10 billion, which is an eye-popping number for a business that was founded just three years ago. This funding round will be used to expand Wiz’s 650-person team, which the company expects will double over the course of the year. Wiz, which has about 100 NYC employees, plans to open offices in Austin, Dallas and Washington, D.C. [Built In NYC]
Kindbody pulled in $100M. Kindbody provides virtual and in-person fertility care as an employee benefit for 112 companies. NYC-based Kindbody owns and operates 31 fertility clinics, and this fresh funding will help it open another 10 clinics in underserved markets. The funding from Perceptive Advisors valued Kindbody at $1.8 billion. [Built In NYC]
Redgate Software announced a new NYC office. Redgate is a U.K.-based software company that provides database development tools that can be integrated into DevOps software. With existing offices in Austin and Pasadena, California, the company is now opening an office in the NYC metro area to expand its presence on the East Coast. Redgate also found a new vice president of Americas sales, Prashant Mehrotra. Mehrotra has held sales leadership positions at Palo Alto Networks, Puppet and Cisco. Redgate is currently hiring. [Business Wire]
NYC Tech Quote of the Week
“As AI integrates into many aspects of our lives, we want to incorporate that into our own technology, helping both teachers and students understand and utilize it in the most positive, constructive way that promotes healthy learning.” — Daniel Stedman, founder and CEO of Pressto
Pressto was featured in our Future 5 series. The latest installment of our series highlighting unique early-stage startups shines a light on Pressto, which uses AI to develop writing prompts that teachers can incorporate in writing assignments and student journalism programs. Teachers can tailor each assignment by selecting the classroom grade level, the style of writing they want to teach and important keywords they want students to incorporate. The platform, which integrates with Google Classroom, also provides teachers with visibility into each student’s progress on the assignment. [Built In NYC]
IBM announced plans to acquire NS1. IBM will add the NYC-based provider of network automation software to its portfolio for an undisclosed amount. The deal is expected to close in the first half of this year. NetBox Labs, a company that NS1 launched in January, will separate from NS1 as part of this transaction. IBM will become an investor in NetBox Labs. [IBM]
VidMob added to its executive team. The developer of the digital marketing platform Intelligent Creative realigned its executive team by appointing Mickey Alon as chief product officer and CTO. Jill Gray has been named executive vice president of marketing and enablement. VidMob COO and co-founder Jason Donnell will become president of the company. VidMob is currently hiring. [GlobeNewswire]
In more VC funding news: Brooklyn-based climate tech company BlocPower raised $23 million in equity funding and $130 million in debt financing to scale its energy-efficient building renovations and advance its BlocMaps software. [Built In NYC]
EvolutionIQ pulled in $7 million for its AI-powered insurance claims guidance platform that helps insurance companies transition sick and injured workers back to work. [Built In NYC]
