Work-Bench Snapshot: Augmenting Streaming and Batch Processing Workflows
The Work-Bench Snapshot Series explores the top people, blogs, videos, and more, shaping the enterprise on a particular topic we’re looking at from an investment standpoint.
We’ve been investing in enterprise tech startups for nearly a decade now and for the past several years, we’ve been tracking the local NYC enterprise ecosystem’s growth through a series of Enterprise Tech in NYC Funding Reports.
TL;DR: Despite all the doom and gloom in today’s market with slashed valuations and new profitability expectations for startups, NYC’s enterprise tech ecosystem continues to fare well. While 2021’s record shattering funding activity ($16.7B raised across 237 deals) set a high bar, 1H22 stats still delivered a solid start to the year, especially in comparison to years prior.
Some additional key highlights from 1H22:
We also saw movement on our NYC Enterprise Tech Index - our ranking of the top 75 private, venture backed enterprise tech startups. The median raise for a company on the list is $229M and the top sector is Risk/Security, comprising 19 companies (25.3% of the Index).