On May 8, 2025, several NYC startups secured significant funding, including Inductive Bio and Glide. Inductive Bio raised $25M in Series A funding for its innovative AI platform aimed at small molecule drug discovery, led by Obvious Ventures. Glide also had a successful funding round, obtaining $15M in Series A funding to enhance its embedded fintech services for community banks and credit unions. Other notable mentions include VidMob, Protiv, and Sandgarden, raising funds for creative tech, construction tech, and AI applications, respectively.
"Inductive Bio has raised $25M in Series A funding for its AI-powered drug discovery platform, highlighting the growing focus on AI in the pharmaceutical sector."
"Glide's successful $15M Series A funding showcases the rising interest in fintech solutions tailored for community banks and credit unions, reflecting the evolution of financial services."
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