New York's software industry is raking in new investment, with 35 local companies raising money. New funding rounds were recently announced by software companies Collibra, Kryon Systems, Mimiro (ComplyAdvantage), Chainalysis and CTRL-Labs, according to company database Crunchbase.
Collibra topped the city's recent funding headlines by announcing a $100 million Series E round on Jan. 29, led by CapitalG.
According to its Crunchbase profile, "As the leader in data governance, Collibra helps organizations around the world gain a competitive advantage by maximizing the value of their data across the enterprise. Collibra is the only solution purpose-built to address the gamut of data stewardship, governance and management needs of the most complex, data-intensive industries. Our flexible and configurable cloud-based or on-premises solution puts people and processes first — automating data governance and management to quickly and securely deliver trusted data to the business users who need it."
The 11-year-old company has raised five previous funding rounds, including a $58 million Series D round in 2017.
Next up, Kryon Systems raised $40 million in Series C funding, in a round announced on Feb. 26 and led by Oak HC/FT.
According to Crunchbase, "Kryon Systems delivers innovative, intelligent Robotic Process Automation (RPA) solutions enabling digital transformation for enterprises. Using patented visual and deep learning technologies, our flagship intelligent RPA platform allows companies to automate business processes quickly and easily, for immediate productivity gains, near zero error rates, reduced costs and significant ROI results. Kryon supports both virtual and human workforces alike, facilitating the efficient and accurate execution of business processes on any enterprise application."
Founded in 2008, the company has raised two previous rounds, including a $12 million Series B round in 2017.
Meanwhile, Mimiro (ComplyAdvantage) raised $30 million in Series B funding, announced on Jan. 30.
From the company's Crunchbase profile, "Mimiro, formerly ComplyAdvantage, helps firms make intelligent risk decisions, faster. They provide data intelligence to help firms understand the risk of who they’re doing business with, while automating compliance and risk processes. Mimiro takes a new approach to building financial crime data by providing real-time insight into the risk of people and companies globally. Broader coverage allows Mimiro to spot tens of thousands of risk events from within millions of structured and unstructured data sources, every day."
Mimiro (ComplyAdvantage) last raised $8.2 million in Series A funding in 2016.
Also of note, cryptocurrency company Chainalysis raised $30 million in Series B funding, announced on Feb. 12.
From Crunchbase, "Chainalysis designs and develops anti-money laundering software for bitcoin businesses. Its products include REACTOR, an interactive and investigation tool that identifies offenders, visualizes data, and shares results with people and organizations, and API, a transaction-based risk scoring solution that contains source and destination of funds to measure risk. Chainalysis also offers activity monitoring reports and diligence tools, which allow analysts to estimate criminal’s revenues and emerging threats."
The company previously raised $16 million in Series A funding in 2018.
Rounding out the city's top local funding events, neuroscience company CTRL-Labs raised $28 million in Series B funding, announced on Feb. 22 and led by GV.
From Crunchbase, "CTRL-Labs dedicates itself to answering the biggest questions in computing, neuroscience and design so creators can dream. Their work to build a transformative brain-machine interface spans research and challenges at the intersection of computational neuroscience, statistics, machine learning, biophysics, hardware and human-computer interaction."
The company previously raised $28 million in Series A funding in 2018.
In total, New York-based software companies have raised $510 million in venture funding over the past month and $7.9 billion over the past year.
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