So far this year, New York metro-area companies have pulled in around $3 billion in seed and venture funding, per Crunchbase data. That's on track to be the lowest total of the past five quarters, as charted below. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); While this year is off to a slow start, it's worth remembering that New York regularly ranks as the second-largest venture hub after the San Francisco Bay Area. In the past couple years, funding to the region has remained far below the 2021 peak, but the area still attracts hefty sums. The largest financing went to ElevenLabs, developer of an AI audio platform offering text to speech, voice cloning and dubbing capabilities....
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