The article summarizes significant startup funding activities in New York City for the week ending April 12. It highlights major investments, including Runway raising $308 million in Series D funding, with a total of $544.5 million raised since its inception. Other firms such as Arena, Tracera, and Luzern Risk also secured substantial funding, contributing to the vibrant NYC tech ecosystem. Arena raised $30 million for its AI hardware testing platform, while Tracera obtained $12 million focusing on sustainability, emphasizing the continuous growth and innovation within the tech landscape of New York City.
Runway, the generative AI model for video, has raised $308M in Series D funding led by General Atlantic, bringing its total funding to $544.5M.
Arena has successfully raised $30M in Series B funding, focusing on leveraging AI to test and optimize advanced hardware, totaling $62M in equity.
Tracera, formerly ESG Flo, has garnered $12M in Series A funding to aid companies in understanding their sustainability data, now totaling $17.3M.
Luzern Risk secured $12M in Series A funding for its digital capital insurance platform, rebranding from XN Captive, co-founded in 2023.
Collection
[
|
...
]