Multiple NYC-based startups achieved significant funding milestones during the week ending March 14. VAST Data, an AI-powered operating system for data-intensive applications, raised $500M in additional funding, bringing its total to $900M at a $30B valuation. Grafana Labs secured $250M in data visualization funding. Xscape Photoics, specializing in photonic chips for high-performance computing, raised $37M in Series A funding. Healthcare-focused companies also saw investment activity, with Translucent raising $27M in healthcare fintech and Moxie securing $25M in Series C funding for its medspa management platform. Sandbar, an AI-powered smart ring, raised $23M in Series A funding. These developments reflect continued investor confidence in AI infrastructure, data technologies, and specialized hardware solutions.
"VAST Data, an AI-powered operating system that unifies storage, database, and compute for data-intensive applications, has raised $500M in additional funding. Founded by Alon Horev, Jeff Denworth, Mohd Fairuz Razi bin Sharuddin, Renen Hallak, and Shachar Fienblit in 2016, VAST Data has now raised a total of $900M in reported equity funding. The round comes at a reported $30B valuation and included an additional $500M secondary offering."
"Xscape Photoics, a provider of photonic chips for high-speed connections in high-performance computing systems and data centers, has raised $37M in Series A funding led by Addition. Founded by Alexander Gaeta, Vivek Raghunathan, and Yoshi Okawachi in 2022, Xscape Photoics has now raised a total of $94M in reported equity funding."
"Moxie, all-in-one medspa management platform for medspas, has raised $25M in Series C funding led by Viewpoint Ventures. Founded by Daniel Friedman, Emma Gilsanz, and Sam Gerstenzang in 2022, Moxie has now raised a total of $51M in reported equity funding."
"Sandbar, an AI-powered voice-controlled smart ring, has raised $23M in Series A funding led by Adjacent and Kindred Ventures. Founded by Kirak Hong, the company represents growing investor interest in consumer hardware innovations powered by artificial intelligence technology."
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