Pfizer’s Acquisition, Via Snapped Up Citymapper, and More NYC Tech News
Despite the turbulence created by the collapse of Silicon Valley Bank last week, several NYC companies announced acquisition deals, capital raises and new executive hires. Catch up on all the local tech news you might have missed last week with the Built In NYC Weekly Refresh.
Pfizer acquired Seagen for $43B. The acquisition deal, which is expected to close later this year or early next year, will double Pfizer Oncology’s early-stage oncology clinical pipeline. Headquartered outside of Seattle, Seagen has pioneered the development of antibody-drug conjugate, or ADC, technology, which aims to kill cancerous cells while limiting harm to other cells. Seagen’s technology is used in four of the 12 ADC medicines approved by the U.S. Food and Drug Administration. [Built In NYC]
Mitiga raised $38M. Mitiga is a cybersecurity company that takes a proactive, automated approach to protecting cloud and SaaS environments. The NYC-based company will use its new Series A funding to grow its 60-person team by 10 or 15 percent this year. The funding round, led by ClearSky Security, brings Mitiga’s total funding raised to $45 million. [Built In NYC]
CLUB 3 announced plans to open a Web3 club. CLUB 3 wants to create a members-only gathering place for people in the Web3, NFT and open metaverse industries. CLUB 3 announced that it plans to open its first space in Los Angeles this year. The company said it also plans to open locations in NYC, Miami and other large cities around the world. [Built In NYC]
NYC Tech Quote of the Week
“We have the utmost respect for the world-class product and user experience that [Citymapper founder and CEO Azmat Yusuf] and his team have built. By bringing our teams together, we see an exciting opportunity to deliver Citymapper’s capabilities to cities and transit agencies all over the world so that they can create the most user-friendly and relevant transit experience for their communities.” — Daniel Ramot, co-founder and CEO of Via
Via acquired Citymapper. Fresh off a $110 million capital raise, the NYC-based transit tech company has acquired Citymapper, a U.K.-based trip planning app. More than 50 million users in over 100 cities have used Citymapper to plan a trip based on their preferred transit modes, arrival time and other criteria. Via, a SaaS company that helps cities around the world optimize their public transit systems, will integrate Citymapper’s technology to connect all elements of a city’s transit system. [PR Newswire]
We wrapped up our Future 5 series. Our series highlighting unique early-stage tech companies has come to a close for Q1. In case you missed it, we compiled all five of this quarter’s features in a recap article. Keep reading to learn more about NYC businesses Canary, Comun, Pressto, Plural and Zurp. [Built In NYC]
Mint House named a new CEO. Mint House operates 25 upscale hotels that come with sleek furniture, a kitchen and tech-enabled features like keyless entry. Mint House founder Will Lucas recruited Christian Lee to lead the company’s next phase of growth. Lee most recently served as the CFO of Transfix. He has also held executive positions at WeWork and Time Warner Cable. [PR Newswire]
Waldo rolled out two new features. The new features, Sessions and Replays, help developers reproduce and resolve bugs by better understanding the context in which the user encountered the bug. With Sessions, developers can interact with software build on the device and configuration of their choice. Every session is recorded through the Replay feature, which logs video playback of every interaction. Waldo is currently hiring. [Waldo]
