Bay Dynamics leaves Silicon Valley, moves headquarters to NYC
Bay Dynamics, a 16-year old cybersecurity company originally headquartered in San Francisco, recently moved to Manhattan. Its executive team now works out of its Tribeca office and plans to grow its NYC employee base to 40. The company attributes its move to NYC’s “growing tech talent pool,” among other reasons. [Crain’s New York Business]
Zeta Global makes its tenth acquisition to grow machine-learning marketing platform
Zeta Global, a data-driven marketing technology company, made its tenth acquisition when it recently acquired Boomtrain, a marketing tech platform that uses artificial intelligence to help brands communicate with customers. This move will give Zeta one of the largest machine learning patent portfolios in marketing technology and help further establish them as leaders in the space. [Press release]
Knotel plans to triple NYC space to compete with WeWork
Shared workspaces are gaining momentum these days, and WeWork isn’t the only player in the game. Coworking space company Knotel plans to significantly grow its office space throughout NYC, and plans to succeed by targeting companies with 50 to 100 employees — larger than typical shared workspace tenants. [Bloomberg Technology]
Top fundings of the week
Vroom, $76 million.
Investors: General Catalyst, L Catterton, T. Rowe Price
Online auto retailer Vroom raised $76 million in a Series F funding, bringing their total equity funding to $295 million. Since its start four years ago, the company has seen rapid growth, and this latest round of funding proves it’s not slowing down. [FinSMEs]
Artsy, $50 million.
Investors: Bob Pittman, Rich Barton, Sky Dayton, Wendi Murdoch, Dasha Zhukova, Greg Maffei, Joe Gebbia, Larry Gagosian, Shumway Capital, Thrive Capital, L Catterton, Avenir Growth Capital
Artsy, a platform that lets artists sell their work, raised $50 million in a Series D funding round this week. This brings their total amount raised to $100 million. The money will be put toward beefing up the part of their site that deals with auctions. [TechCrunch]
Stash, $40 million.
Investors: Goodwater Capital, Peter Thiel, Valar Ventures, Breyer Capital, Coatue Management
Investments-made-simple company Stash raised $40 million in a Series C funding round, signaling that its growth is continuing. In 2017 alone, the company added over half a million new investors to its platform and more than 25,000 new customers join every week. [Built In NYC]
Images via Shutterstock.
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