#NYCtech Week in Review: 1/11/26 - 1/17/26
Briefly

#NYCtech Week in Review: 1/11/26 - 1/17/26
"Rain - $250M Series C Rain, an infrastructure platform for stablecoin payments, has raised $250M in Series C funding led by ICONIQ Capital. Founded by Charles Yoo-Naut and Farooq Malik in 2021, Rain has now raised a total of $332.5M in reported equity funding. Proxima - $80M Seed Proxima, an AI-powered drug discovery platform for proximity-based therapeutics, has raised $80M in seed funding led by DCVC. Proxima was founded by Luca Naef and Zachary Carpenter in 2019."
"Flip CX - $20M Series A CUSTOMER SERVICE Flip CX, a voice AI platform for customer support and service, has raised $20M in Series A funding led by Ridge Ventures and Next Coast Ventures. Founded by Brian Schiff, Jacob Cooper, and Samuel Krut in 2018, Flip CX has now raised a total of $29.4M in reported equity funding. AlleyWatch is NYC's leading source of tech and startup news, reaching the city's most active founders, investors, and tech leaders. Learn More →"
"GiveCard - $8.9M GiveCard, a prepaid card payments platform for simplifying moving money for organizations, has raised $8.9M in funding according to a recent SEC filing. The filing indicates that this round comes from seventeen investors. GiveCard was founded by Diksha Thach and Lurein Perera in 2018. Noise Labs - $7.1M Noise Labs, a programmatic liquidity platform for people to trade trends, has raised $7.1M in venture funding led by Paradigm."
Multiple NYC startups raised venture capital in the week ending 1/17. Rain, an infrastructure platform for stablecoin payments, closed a $250M Series C led by ICONIQ Capital, bringing its reported equity funding to $332.5M. Proxima, an AI-powered drug discovery platform for proximity-based therapeutics, raised $80M in seed funding led by DCVC. WithCoverage, a risk management and insurance brokerage for growing businesses, raised $42M Series B led by Sequoia Capital and Khosla Ventures. Flip CX, a voice AI customer service platform, raised $20M Series A led by Ridge Ventures and Next Coast Ventures. GiveCard raised $8.9M via an SEC filing and Noise Labs raised $7.1M led by Paradigm.
Read at Alleywatch
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