In May 2026, New York City’s tech startups witnessed significant funding activity, especially in AI infrastructure and healthcare sectors. Modal Labs led the pack with a remarkable $355 million Series C round to advance its serverless cloud computing solutions for machine learning and data processing. In healthcare, Nourish and Garner Health each secured $100 million rounds, underscoring the growing investment in this field. Other notable rounds included H1.co’s venture round focused on healthcare data analytics, Cinder Technologies’ Series B for AI content moderation tools, and Pace’s Series B for an AI-driven insurance operations platform. The month highlighted a strong interest from major investors, including Accel, Sequoia Capital, and Andreessen Horowitz, in supporting innovative solutions across various industries such as biotechnology, finance, and cybersecurity.
What were the largest NYC tech startup funding rounds in May 2026?
