New York City

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

AI Assisted Icon
Published on August 06, 2019
New York funding news: Software and artificial intelligence top recent local investmentsPhoto: Markus Spiske/Unsplash

New York-based customer service company Catalyst Software has secured $15 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 30 and led by Accel.

According to its Crunchbase profile, "Catalyst develops an intuitive Customer Success Platform (CSP) for customer sales teams, helping them reduce churn, drive product adoption and build customer relationships at scale."

The three-year-old startup has raised two previous funding rounds, including a $3 million round in 2018.

The round brings total funding raised by New York companies in software over the past month to $500 million, an increase of $67 million from the month before. The local software industry has produced 547 funding rounds over the past year, securing a total of $8.8 billion in venture funding.

In other local funding news, employment and employee benefits company Harver announced a $15 million Series B funding round on July 31, financed by Insight Partners.

According to Crunchbase, "Harver is a pre-employment assessment platform for hiring at scale. Hundreds of the most innovative companies use Harver to digitally transform their candidate selection process and hire top talent."

Founded in 2015, the company has raised four previous rounds, including a $4.2 million Series A 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.