🗞️ The Week That Was

Author

Walter Charnizon
October 17, 2025

đź—˝ NYC Startup & VC Roundup

đź’¸ Fresh Funding in the Five Boroughs

  • Nova Credit | $35 M Series D — NYC-based credit-analytics startup expands its international credit data network.

  • Marble | $15.5 M Series A — Youth-focused mental-health platform grows its clinical network across New York.

  • Renew | $12 M Series A — Using AI to help landlords predict and prevent tenant turnover.

  • Intelo.ai | $2 M Seed — Collaborative-intelligence software built for retail decision-makers.

  • IVIX | $60 M Series B — Manhattan startup using AI to detect financial fraud; new funding from Insight Partners and Citi Ventures.

🧩 Ecosystem Signals

  • NYCEDC expands Venture Access NYC — Fellowships with Chloe Capital, Company Ventures, Newlab, Visible Hands and others to boost diverse founders.

  • NYC still #2 for VC volume — $28.5 B in 2024 venture capital per state comptroller; female-founded startups outperformed SF peers.

👉 Takeaway →
Funding pace is steady but selective. AI-driven tools and financial crime/infra startups are hot, while city-backed incubators signal ongoing public-private support for early-stage builders.

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🚀 Space & Aerospace Signals

  • iRocket (NY) — quietly advancing Shockwave, a small reusable launch vehicle; backed by U.S. Space Force contracts and state grants.

  • Cosmoserve Space | $3.17 M Pre-seed — early round led by Alan Rutledge and AUM Ventures to develop satellite-mission infrastructure.

  • NY Consortium for Space Tech (NYCST) — offering up to $100 K grants + in-kind support for dual-use manufacturing projects in New York.

  • Newlab (Brooklyn Navy Yard) — remains NYC’s physical hub for hardware and aerospace founders.

👉 Takeaway →
New York’s space scene is small but anchored by dual-use and defense projects. Expect growth from grants and federal contracts rather than big VC rounds — for now.

⚛️ Quantum Tech & Frontier Computing

  • Qunnect (Brooklyn) — awarded an Air Force Research Lab contract to demonstrate quantum networking over existing NYC fiber.

  • Oxford Quantum Circuits (UK → NYC) — installed Manhattan’s first operational quantum computer inside a Chelsea data center.

  • NY State Quantum Hub (Stony Brook) — $300 M public investment to build a research and innovation center for quantum communications and hardware.

  • JPMorgan Chase | $10 B Quantum & Frontier Tech Investment — part of its $1.5 trillion “Security & Resiliency” initiative; targets quantum computing, AI, and critical infrastructure startups.

  • Quantum Computing Inc. | $750 M Private Placement — large-cap funding underscoring sector appetite for hardware plays.

  • NYC fiber entanglement tests — researchers successfully distributed entangled photon pairs over 34 km of live city fiber with high fidelity (uptime proof for urban quantum networks).

👉 Takeaway →
Quantum is shifting from lab curiosity to infrastructure priority. JPMorgan’s bet gives Wall Street validation, while NYC’s own hardware installations and AFRL contracts mark real momentum on the ground (and in the fiber).

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đź—˝ Why This Matters

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