New York-based health and tech company RapidSOS has secured $25 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Oct. 8 and financed by Energy Impact Partners.
According to its Crunchbase profile, "RapidSOS is an award-winning emergency technology company that builds transformative technology to save lives. Partnering with Internet of Things (IoT) companies and the public safety community, RapidSOS provides a proprietary-rich data link to public safety — sending lifesaving data to aid in emergency response. By analyzing data around when and where emergencies are occurring, RapidSOS is developing technology to predict and preempt emergencies and dynamically warn people in harm's way — a complete paradigm shift from emergency response to emergency prediction and preemption."
The eight-year-old company has raised eight previous funding rounds, including a $30 million Series B round in 2018.
The round brings total funding raised by New York companies in mobile over the past month to $59 million, an increase of $18 million from the month before. The local mobile industry has produced 111 funding rounds over the past year, securing a total of $1.3 billion in venture funding.
In other local funding news, supply chain management and predictive analytics company Unioncrate announced a $9 million Series A funding round on Oct. 4, led by Gradient Ventures.
According to Crunchbase, "Union Crate helps consumer goods companies build and manage supply chains that can keep up with the consumer of today. Based in New York City, we are a team of CPG veterans, rebels, and nerds who believe that the future of supply chain will be driven by AI. It powers everything we do."
Founded in 2016, the company has raised three previous rounds, including a $3.2 million seed round in 2018.
Meanwhile, content creators and outdoor advertising company Project X Media raised funding, announced on Oct. 8. The round was financed by Tritium Partners.
From the company's Crunchbase profile, "Project X Media brings brands' stories to life in the physical world by using its industry-leading technology platform to launch Out-of-Home (i.e. billboards, transit/airport ads, etc.) advertising campaigns."
Project X Media last raised $2 million in funding in 2014.
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