New York

New York funding news: Internet services and artificial intelligence top recent local investments

New York-based women's and social network company Chief has secured $22 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on June 25.

According to its Crunchbase profile, "Chief is a private network built to drive more women into positions of power and keep them there. It is the only organization specifically designed for senior women leaders — rising VP level through CEO — to strengthen their journey into the C-suite, cross-pollinate power across industries and effect change from the top-down. Launched in January 2019 by Carolyn Childers and Lindsay Kaplan, in its first six months it grew membership to over 700 of the most formidable senior leaders in New York, representing over 500 companies and a waitlist of over 5,000."

The 1-year-old startup also raised a $3 million seed round in 2018.

The round brings total funding raised by New York companies in internet services over the past month to $123 million. The local internet services industry has seen 205 funding rounds over the past year, capturing a total of $5.5 billion in venture funding.

In other local funding news, legal and natural language processing company Clause announced a $5.5 million Series A funding round on June 27, led by Galaxy Digital LP.

According to Crunchbase, "Clause enables commercial contracts to utilize real-time data from APIs and the IoT and autonomously manage themselves. The company's mission is to transition contracts from static, natural language, documents to dynamic, digital documents that integrate with an organization's technology infrastructure such as accounting, payments, HR, communications, IoT and much more. It delivers an unprecedented level of speed, integration and automation to the business world."

Founded in 2015, the company has raised two previous rounds, including a $793,179 seed round 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.