The 11 Largest NYC Tech Startup Funding Rounds of May 2026

New York City’s tech startups raised a combined $1.1 billion in May 2026, with AI infrastructure and healthcare dominating the funding landscape. Modal Labs led the pack with a $355 million Series C round for its serverless cloud compute platform, positioning itself as a key player in AI-driven cloud solutions. The healthcare sector saw significant investment, with Nourish and Garner Health each securing $100 million in funding. H1.co, a healthcare data and analytics provider, raised $40 million in venture funding, bringing its total equity raised to $233.9 million. Founded in 2017 by Ariel Katz and Ian Sax, H1.co is backed by investors like CVS Health Ventures, Menlo Ventures, and Y Combinator. AI-focused startups also attracted substantial capital. Cinder Technologies, which offers trust and safety tools for AI applications, raised $41 million in a Series B round led by Accel, M12, and Radical Ventures. Pace, an AI-powered operations platform for insurance companies, secured $46 million in Series B funding from investors including Sequoia Capital and Thrive Capital. Daloopa, a financial data and modeling tools provider, closed a $47 million Series C round to enhance AI-driven investment research. The company, founded in 2019 by Daniel Chen, Jeremy Huang, and Thomas Li, has now raised a total of $101.4 million. Frame Security, specializing in AI-powered cybersecurity, also raised $50 million in venture funding, further highlighting the city’s strength in tech innovation. The funding trends reflect a growing emphasis on AI infrastructure, healthcare innovation, and financial technology in NYC’s startup ecosystem. Investors continue to prioritize companies leveraging AI to solve complex problems across industries, signaling strong confidence in the region’s tech growth.