Weekly Refresh: Investors Put $50M Toward Online Privacy, AgTech Startup Designs A Climate-Friendly Chicken

by Tatum Hunter
September 9, 2019
New York City NYC tech news jobs funding
photo via shutterstock

Fintech startup Even Financial raised $25 million to grow its platform. Even, which makes APIs that help financial institutions connect with new customers, will use the funds to target new customers in the mortgage, insurance and student loan markets. Past customers include American Express, Goldman Sachs and SoFi. [Built In NYC]

Investment analytics company T-REX scored $15 million. T-REX provides real-time tracking of complex investments like bundled assets, which are made up of asset classes like student and home equity loans. The company claims the tool works 4,300 times faster than Excel. [Built in NYC]

Kasisto brought in $15 million to expand its financially-savvy chatbot. The company said its customers, which include JP Morgan Chase, Mastercard and Standard Chartered, experience a 50 percent reduction in call center volume because Kasisto’s conversational AI platform KAI can answer up to 90 percent of users’ financial questions without help from a human. [Built In NYC]

Cooks Venture raised $12 million — and designed its own chicken. This AgTech startup, founded by Blue Apron co-founder Matthew Wadiak, used selective breeding to create a chicken that can digest feed other than corn. Given that 25 percent of corn grown in the U.S. is used for chicken feed, and corn farming is a primary cause of topsoil erosion, the company’s approach could help abate global climate change by retaining carbon in the soil. [Built In NYC]

BigID raised $50 million to help companies protect people’s privacy. It also announced a new privacy platform where its customers can view and manage all the data they’ve gathered from disparate sources on individual consumers. From state governments to town councils, privacy in the age of Big Data is on the minds of many. BigID’s latest funding round shows the investor community is taking notice. [TechCrunch]

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