The NYU Future Labs had an astoundingly good year in 2016, when several of its current and alumnus companies had large funding rounds or were acquired.
A few highlights include a $200 million raise by United Wind, the acquisition of Geometric Intelligence by Uber, a $30 million raise by Clarifai, a $15 million raise by Avanan, and several other raises of more than a million by about a dozen other companies. Not all of these are currently in the program, most have graduated. In all, the Future Labs report that its companies have an eye-popping 90 percent two-year survival rate and an aggregate valuation of over $1 billion.
For some context, the NYU Future Labs are made up of three smaller orgs, the Urban Future Lab, located on NYU Tandon’s campus in Downtown Brooklyn, the Digital Future Lab, located in Dumbo, and the Data Future Lab, in Manhattan. Between the three,Read Complete Article