New York-based data mining company CB4 has secured $16 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 27 and led by Octopus Ventures.
According to its Crunchbase profile, "We strive to build revolutionary yet simple solutions that empower retail teams with prescriptive analytics, powered by AI and machine learning. Our solutions allow retailers to better understand and serve their customers. CB4 provides a patented software solution for brick-and-mortar retail companies that increases same store growth by up to three percent using simple sales data."
The nine-year-old company also raised a $6 million round in 2014.
The round brings total funding raised by New York companies in software over the past month to $500 million, an increase of $115 million from the month before. The local software industry has produced 524 funding rounds over the past year, raking in a total of $7.8 billion in venture funding.
In other local funding news, photography and company PhotoShelter announced an $8 million private equity funding round on March 27, financed by Level Equity.
According to Crunchbase, "PhotoShelter builds websites and tools for over 70,000 photographers worldwide. Photographers can create a professional PhotoShelter website in under five minutes, or customize PhotoShelter to power their existing site. Designed to make the business of photography easier to manage, PhotoShelter offers security, global accessibility and advanced marketing tools so photographers can make their images work harder for them."
The company also raised a $4.2 million Series A round in 2007.
Meanwhile, fintech company Matador App raised $6.5 million in Series A funding, announced on March 27. The round's investors were led by Greycroft.
From the company's Crunchbase profile, "Matador is on a bold mission to accelerate all people’s prosperity by bringing more connectedness to personal finance and investing. Matador makes growing your money social, inclusive and simple. We’ve just raised a Series A from the same lead investors who got Venmo, Acorns and Monzo off the ground."
Matador App last raised $2 million in seed funding in 2018.
Also of note, ios and gaming company Rune raised $150,000 in seed funding, announced on March 18 and financed by Y Combinator.
From Crunchbase, "Rune is an automated friend or squad finder and voice chat for players on mobile games. Users can hang out and share amazing experiences together. The company builds the future of LFG for mobile gamers."
The company previously raised non-equity assistance funding in 2018.
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