OpenSea Valued at $13.3B, Fractal Gained $360M, and More NYC Tech News

Here’s what you may have missed in the world of NYC tech.

Written by Delilah Alvarado
Published on Jan. 10, 2022
OpenSea Valued at $13.3B, Fractal Gained $360M, and More NYC Tech News
Photo: OpeanSea / Facebook
Photo: OpeanSea / Facebook

Hiring sprees, NFTs and cybersecurity are just a few of the buzzwords that made headlines in NYC last week. Read on to catch up on the latest NYC tech news. This is the Built In NYC weekly refresh.

Fractal gained $360M. The deal is expected to close this quarter and includes a secondary share purchase from funds advised by Apax, a private equity firm that is also a major shareholder in Fractal. Fractal is a leader in AI and the analytical space with customers including Google and Wells Fargo. The funding will help the company scale its operations, including a major hiring spree. Fractal is actively hiring for dozens of tech positions. [Built In NYC]

OpenSea is valued at $13.3B. OpenSea, an NFT marketplace, raised $300 million in a funding round co-led by Paradigm and Coatue. This fresh capital values the company at a whopping $13.3 billion and will allow OpenSea to invest in product development and hiring initiatives. [CoinDesk]

NYC TECH QUOTE OF THE WEEK

“We believe that in the 21st century, credit scores should reflect accurate, up-to-date and holistic financial data, and should be available to consumers who have been historically underserved. For decades, businesses, policymakers and academics have searched for effective ways to expand credit access to thin-file and credit invisible consumers. We have found a solution and believe that substantial change is on the horizon.” — Petal co-founder and CEO Jason Gross

Petal raised $140M. Petal is a fintech company helping underserved customers build up their credit by providing two kinds of credit cards and an app to help build good credit habits. A Series D round will be used to build out Petal’s product and grow the team, with more than two dozen positions open in NYC. [Built In NYC] 

Human Security gained $100M. Human Security uses machine learning and other intelligence techniques to detect and mitigate cybercrime. A fresh funding round of $100 million was raised to continue the company’s international expansion. Human Security is also currently hiring for dozens of tech positions. [Built In NYC]

These NYC tech companies raised over $8.5B in 2021. Combined these 11 tech companies brought in billions in venture capital — almost three times the amount raised in 2020. Some of the companies on the list include Claroty, Socure and UiPath. [Built In NYC]

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