Flashpoint nets $28 million, plus more top funding news for New York-based companies
Photo: Frode Bjorshol/Flickr
New York-based telecommunications and cyber security company Flashpoint has secured $28 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 16.
According to its Crunchbase profile, "Flashpoint delivers business risk intelligence (BRI) to empower business units and functions across organizations to make better decisions and mitigate risk. The company's unique deep and dark web data, expertise and technology enable our customers to glean intelligence that informs risk and protects their ability to operate."
The nine-year-old company has raised five previous funding rounds, including a $28 million Series C round in 2017.
The round brings total funding raised by New York companies in hardware over the past month to $114 million, an increase of $79 million from the month before. The local hardware industry has produced 150 funding rounds over the past year, capturing a total of $1.7 billion in venture funding.
In other local funding news, insurtech company Thimble announced a $22 million Series A funding round on Oct. 15, led by IAC.
According to Crunchbase, "Thimble is an insurance producer enabling small businesses to succeed on their own terms. The company provides liability coverage for customers in more than 100 professions, including landscapers, beauticians, dog walkers, handymen, DJs and musicians."
Founded in 2015, the company has raised two previous rounds, including a $4.2 million seed round in 2017.
Meanwhile, property management and insurtech company Jones raised $4.6 million in seed funding, announced on Oct. 10. The round's investors were led by Hetz Ventures.
From the company's Crunchbase profile: "We are solving one of the most archaic and outdated processes in commercial real estate: insurance certificates. For owners, managers and developers who need to solve insurance compliance for everyone in the value chain, Jones is the simplest solution ever made."
Jones last raised $2.8 million in seed funding in 2018.
Also of note, telecommunications and consulting company WiredScore raised corporate round funding, announced on Oct. 15.
From Crunchbase: "WiredScore is the organization behind Wired Certification, the internationally recognized digital connectivity rating system for commercial real estate that helps landlords design and promote their buildings' great digital connectivity to tenants."
The company previously raised $9 million in Series A funding 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.
