New York's software industry is pulling in new investment, with 31 local companies securing venture capital. New funding rounds were recently announced by software companies Lemonade, KeyMe and Radar, according to company database Crunchbase.
Lemonade topped the city's recent funding headlines by announcing a $300 million Series D round on April 11, led by SoftBank.
According to its Crunchbase profile, "Lemonade is a licensed insurance carrier that offers homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything."
The four-year-old startup has raised five previous funding rounds, including a $120 million Series C round in 2017.
Next up, KeyMe raised $50 million in debt financing funding, in a round announced on April 10 and financed by BlackRock.
According to Crunchbase, "KeyMe is a New York City-based startup that is revolutionizing the way people manage their keys. It allows users to store, share and duplicate their physical keys based on a digital image. Full automated, self service key duplicating kiosks can be found in 7-Eleven, Bed Bath & Beyond, Rite Aid and several grocery stores."
Founded in 2012, the company has raised nine previous rounds, including a $25 million Series D round in 2017.
Meanwhile, Radar raised $8 million in Series A funding, announced on April 11. The round's investors were led by Two Sigma Ventures.
From the company's Crunchbase profile, "Radar is the location context platform. Our mission is to make every app on every device contextually aware."
Radar last raised $2 million in seed funding in 2017.
Across the industry, New York-based software companies have raised $690 million in venture funding over the past month, and $8.1 billion over the past year.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
