#NYCtech Week in Review: 5/10/26 – 5/16/26
This week's review highlights significant funding rounds for NYC startups across various sectors, including health tech, cybersecurity, and legal tech.Summary
The week ending May 16, 2026, saw a robust activity in the NYC startup ecosystem, with several companies securing substantial funding. Health tech led the charge, with Forus raising $123 million in Series B funding to connect healthcare stakeholders, while BranchLab secured $26 million to optimize patient and provider audiences for pharmaceutical companies. In cybersecurity, Frame Security raised $50 million to train employees against AI-powered attacks, and Cinder raised $41 million to deploy AI agents for trust and safety. Other notable rounds included Sandstone's $39.6 million for legal workflow automation, GovWell's $25 million for government AI operations, and Novella's $21 million for wholesale insurance brokerage. The week also featured investments in diverse sectors such as clean tech, consumer goods, and fintech, with companies like ECOncrete, Violette_FR, and Turnkey attracting significant capital.
(Source：Alleywatch)