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Air Force to host Pitch Day event in New York

Tens of millions of dollars worth of funding and investments will be up for the taking when the United States Air Force comes to New York in March to host its Pitch Day event. After submitting ideas through an application platform, chosen companies will be given the chance to make their final pitches in the Big Apple. Partnerships with the Air Force are then made the same day if entrepreneurial experts from the Pentagon like the business idea of a…

New York to unveil cryptocurrency task force with new legislation

A New York politician is unveiling what he says will be a one-of-a-kind task force designed to oversee and study cryptocurrency use in the state. Governor Andrew Cuomo signed a bill last week called “The Digital Currency Study Bill,” according to a social media post from NY State Assemblymember Clyde Vanel. The task force will comprise of industry investors, consumers and academics that will research patterns in cryptocurrency and issue reports on all things digital currency, cryptocurrency and blockchain. “The technology…

Touchscreen vending startup secures $7 million in funding

The Bethpage, New York-based startup Vengo has gotten off to a great start this new year with a $7 million equity funding round. According to TechCrunch, which cited an SEC filing, the investment boost represents a doubling in past funding for the startup that makes touchscreen vending machines. Vengo has been in business for six years as the digital retailer makes waves with new techniques for automated vending featured on college campuses and health clubs. The startup first came into…

Startup that helps users get Broadway tickets rakes in $2 million in seed funding

The theater ticket sales industry on New York City Broadway is already a place with some well-established players. But Broadway Roulette, which was founded in 2016 by former entertainment journalist Elizabeth Durand Streisand, has been shaking up the scene since 2016. A recent $2 million seed funding round shows that investors have taken a liking to the startup, which revolves around the idea that users should be able to more easily navigate Broadway showtimes and ticket deals. For those living in or…

New York expects big boom from energy storage

A new report from the American Jobs Project shows that New York could add nearly 30,000 more jobs in the energy storage sector by 2030. The state is expected to maintain its annual increases in the sector, where it ranks fifth nationally for energy storage patents in different labs and universities. “Amplifying the role of local manufacturing in New York’s energy storage industry could provide stable employment for thousands of middle-class workers while creating follow-on benefits for the broader labor market,” said…

New York co-working startup snags $75 million from big-name investors

New York startup The Wing, which offers co-working spaces and social clubs especially for women, has secured $75 million in its latest funding round led by Sequoia Capital. The round was also backed by Airbnb and Upfront Ventures, according to a report from TechCrunch. The female-laden spaces that take inspiration from women’s club movements of the 19th and 20th centuries are currently available in New York, Washington D.C. and San Francisco. “This investment will enable us to further The Wing’s mission…