New York City

New York companies are attracting major venture funding

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Published on April 30, 2019
New York companies are attracting major venture fundingTroops Inc. | Photo: Facebook

New York-based messaging company Troops.ai has secured $12 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 23 and financed by Aspect Ventures.

According to its Crunchbase profile, "Troops is a slackbot for sales team. Troops allows users to configures salesforce reports, communicate deal wins and pull salesforce data for all standard and custom objects through Slack."

The four-year-old startup has raised three previous funding rounds, including a $7.6 million round in 2018.

The round brings total funding raised by New York companies in artificial intelligence over the past month to $413 million, an increase of $359 million from the month before. The local artificial intelligence industry has produced 144 funding rounds over the past year, yielding a total of $1.6 billion in venture funding.

In other local funding news, security company Kangaroo announced a $10 million Series A funding round on April 18.

According to Crunchbase, "Kangaroo is an electronics company that provides simple home security systems. It offers flexible, app-enabled and affordable security systems. Kangaroo was founded in 2018."

The company also raised a $4.3 million seed round in 2018.


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.