New York-based technology company Foursquare has secured $150 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 31.
According to its Crunchbase profile, "Foursquare is a technology company that uses location intelligence to build meaningful consumer experiences and inform business decisions. Foursquare’s business solutions include Pinpoint, Attribution, Pilgrim SDK and Foursquare Analytics, which empower brands to understand and connect to targeted audiences as well as measure foot traffic and advertising success. Foursquare’s Places API powers location data for Apple, Samsung, Microsoft, Tencent, Snapchat, Twitter, Uber and 125,000 other developers."
The 10-year-old company has raised eight previous funding rounds, including a $33 million Series F round in 2018.
The round brings total funding raised by New York companies in community and lifestyle over the past month to $285 million, an increase of $236 million from the month before. The local community and lifestyle industry has seen 71 funding rounds over the past year, capturing a total of $898 million in venture funding.
In other local funding news, cyber security and computer company BlueVoyant announced an $82 million Series B funding round on May 30, financed by Fiserv.
According to Crunchbase, "BlueVoyant provides Advanced Cyber Threat Intelligence for large companies and Managed Cyber Security Services for smaller businesses. Our mission is to help defend businesses around the world against agile and well-financed cyber attackers by providing unparalleled visibility, insight and responsiveness. We see threats that are both inside and outside the network and predict and defend against attacks that would otherwise be unknown."
The company also raised a $125 million Series A round in 2017.
Meanwhile, sales automation and restaurants company xtraCHEF raised $7.5 million in Series A funding, announced on May 30. The round's investors were led by MVP Capital.
From the company's Crunchbase profile, "XtraCHEF is a SaaS cost-management platform for the restaurant industry to improve productivity and increase profits. It is an automated accounts-payable and cost-intelligence platform and helps restaurant operators, caterers and accountants save time and money by reducing manual, time-consuming back-of-house tasks. It digitizes and archives bills, receipts, invoices and vendor statements."
XtraCHEF last raised $3 million in seed funding in 2018.
Also of note, biometrics and computer company ID R&D raised $5.7 million in Series A funding, announced on May 30.
From Crunchbase, "ID R&D combines a unique vision for a new authentication experience with the capabilities of a leading R&D team in the global biometric industry. ID R&D is focused on developing new and exciting authentication technologies that increase the security of interactions in the digital world with improved user experience. ID R&D has developed a portfolio of biometric technologies (including behavioral biometrics) and provides R&D services to customers looking for an edge in innovation."
The company previously raised seed funding in 2017.
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.
