Tech in NYC
The Capital of Everything:
How the growing tech sector, AI innovation, and civic collaboration are shaping the future of New York City tech
TECH:NYC
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2025 ANNUAL REPORT
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TECH:NYC ● 2025 ANNUAL REPORT ●
There’s no better place to build the future than New York City — and that’s never been more obvious.
From Broadway to Wall Street, every industry’s epicenter can be mapped to NYC. And in this town, tech connects everything and everyone.
When New York is at its best, the city brings actors and ML engineers together to pioneer the future of generative art. It brings marketers and programmers together to reimagine advertising. It puts world-class museums at our fingertips, iconic sports teams in our backyards, and lunch at our doorsteps.
The momentum is powered by innovation and scale, and fueled by collaboration.
Across the five boroughs, government, nonprofits, academia, and industry are coming together to drive real, inclusive impact.
This report captures a banner year for Tech:NYC — a year defined by growth, creativity, and deep collaboration. Whether it’s through citywide initiatives like Obviously NYC, next-generation talent pipelines like the Grid Fellowship, expanding AI education programs like Decoded Futures, or new programming that reflected the year’s surging startup activity, our community is proving what’s possible when tech shows up for New York and New York shows up for tech.
New York is the capital of everything. And together, we’re making sure that tech in NYC means progress for every New Yorker.
Thank you for being part of this work. Onward!
JULIE SAMUELS
PRESIDENT & CEO
TECH:NYC
Innovation that’s Obviously NYC
Seeded by NYCEDC and designed by Red Antler, Obviously NYC invites the New York companies that call it home to download a badge and share their story.
This year, Tech:NYC launched Obviously NYC as a rallying cry for the city’s tech sector. Obviously NYC is both a brand and a movement — a call to founders, funders, and talent to build their futures where industries and innovation converge. It fuels a culture of tech-forward innovation in partnership with the city’s founders, policymakers, and investors.
The State of Tech in NYC
2025 Edition
In 2025, AI continued to drive our city’s tech sector, and broader economy. NYC-based AI companies raised $15.84 billion (+50% from 2024), and AI companies leased over 486,000 sq. ft. of office space in Manhattan this year.
NYC is the obvious place to build — and the numbers back that up:
203,000+
JOBS
203,000+ tech jobs with AI job listings leading the nation.
2,000+
SCALE
2,000+ AI startups, 40,000 AI professionals, $600M+ Empire AI state investment.
$28B+
VENTURE
$28 billion raised by NYC tech companies in 2025, +8% from 2024. (PitchBook)
17.8M
REAL ESTATE
17.8 million sq. ft. leased by tech companies in Manhattan.
$13B
OTHER
$13 billion raised by NYC fintech, healthtech, and physical AI/robotics companies. (PitchBook)
Tech:NYC Membership:
500+ members
including
395 startups
and
20 vc firms
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Tech:NYC represents a wide range of companies from different tech sectors, from healthtech and fintech to proptech, edtech, e-commerce, govtech, and more.
AI companies currently make up the largest slice — over 20% of Tech:NYC members are AI companies.
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Many of our members had iconic years — here were some notable New York ones:
Just three weeks after hitting a $22.5 billion valuation, fintech unicorn Ramp raised another $300 million to be valued at $32 billion. The expense management company surpassed $1 billion in annualized revenue in October.
Transit tech firm Via went public in September, raising nearly $493 million through its IPO. Via revenue has increased roughly 30% year-over-year.
AI video generator Runway raised $308 million in April in a Series D round, giving it a valuation of $3 billion.
Waymo, the autonomous vehicle service company, began testing its robotaxis in Manhattan and Downtown Brooklyn in August.
Empire AI
Empire AI, a consortium of New York’s leading public and private universities that have come together, with leadership from Governor Kathy Hochul, to establish a state-of-the-art artificial intelligence compute center at the University at Buffalo, expanded in the FY26 state budget.
An additional $90 million was allocated to include three new consortium members, bringing the consortium to 10 total members. Total investment now exceeds $600 million across state funding, member contributions, and private and philanthropic support.
$266m
Potential annual increase in R&D productivity
130+
Research projects
500
Researchers
10
Consortium institutions
Consortium members include
Shaping Smart Tech Policy for New York
Anchored by the continued success of Empire AI, Tech:NYC actively engaged on a range of issues shaping New York’s growing tech and AI economy, including:
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Helped shape efforts to regulate the development and deployment of AI models and the use of AI systems; supporting a reasonable and balanced approach that fosters safety and innovation in New York.
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Organized coalition efforts across multiple NY industries to ensure health tech companies can thrive in New York.
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Worked with policymakers to establish frameworks for social media usage.
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Tech:NYC President and CEO Julie Samuels was proud to be one of the 13 commissioners on the 2025 Charter Revision Commission, which voted to include five proposals on the 2025 ballot, four of which passed, and three of which will remove barriers to building housing in our city.
It was a tremendous victory for our city and those who understand that we must build our way out of our housing crisis.
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Supported government adoption of technology tool; helping local government better and more efficiently serve New Yorkers.
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Supported legislation that established a cloud-first policy for NYC government.
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Backed successful efforts to revamp citywide planning to ensure broadband access for all NYC residents.
The 2025 New York State Legislative Session was one of the busiest on record for tech policy, with lawmakers introducing over 225 pieces of tech-related bills — including 85+ that dealt specifically with AI, by far the highest number in a single legislative calendar year for this policy area.
There is no doubt, the political climate is tough for tech right now. That makes our work at Tech:NYC more important than ever; we continue to spend our time fighting for a New York where a fair, equitable, and robust tech ecosystem thrives.
225+
tech bills
85+
AI-related bills
(record high)
15
testimonies
given
136
Meetings with officials
20+
Events with
elected leaders
41
Memos
In 2025, in addition to all the other events we hosted, Tech:NYC continued to connect tech leaders committed to growing New York with policymakers including:
New York State Governor Kathy Hochul
NYC Mayor-elect Zohran Mamdani
NYPD Commissioner Jessica Tisch
Rep. Joe Morelle (D-NY)
Rep. Pat Ryan (D-NY)
DHS Commissioner Jackie Bray
New York State Budget Director Blake Washington
New York City Officials:
Manhattan Borough President and Comptroller-elect Mark Levine
Comptroller Brad Lander
State Sen. and Manhattan Borough President-elect Brad Hoylman-Sigal
Council Member Kevin C. Riley
Council Member Althea Stevens
Council Member Crystal Hudson
Council Member Amanda Farías
Council Member Keith Powers
Council Member Shekar Krishnan
Council Member Linda Lee
Council Member Nantasha Williams
Council Member-elect Virginia Maloney
Council Member-elect Justin Sanchez
2025 was an election year, and Tech:NYC hosted all of the major candidates in the Democratic primary for mayor.
New York State Legislators:
State Sen. Kristen Gonzalez
State Sen. Jeremy Cooney
State Sen. Roxanne Persaud
State Sen. Zellnor Myrie
State Sen. Andrew Gounardes
State Sen. Natalia Fernandez
State Sen. Monica Martinez
Assemblymember Michaelle Solages
Assemblymember Alex Bores
Assemblymember Clyde Vanel
Assemblymember Tony Simone
Assemblymember Larinda Hooks
Assemblymember Nily Rozic
Assemblymember Grace Lee
Assemblymember Emerita Torres
Assemblymember Manny de los Santos
Assemblymember Landon Dais
Assemblymember Brian Cunningham
Assemblymember George Alvarez
Assemblymember Khaleel Anderson
STARTUP ENGAGEMENT
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STARTUP ENGAGEMENT ●
Startups remain at the heart of New York’s tech ecosystem, and Tech:NYC continues to build the community and visibility they need to thrive.
In 2025, we invested in new programs that bring founders, builders, and investors together to share ideas, demo breakthroughs, and celebrate growth across every corner of the city.
These initiatives strengthen the pipeline of early-stage innovation and reinforce NYC’s position as a global hub for the next generation of technology.
NYC AI Demos:
The Largest Recurring AI Event on the East Coast
NYC AI Demos has quickly become one of the city’s most visible and in-demand tech gatherings. Hosted monthly at The Refinery at Domino with partners Pensar AI and Two Trees, hundreds of founders, engineers, technologists, and investors have watched showcases from early stage startups and industry leaders, including OpenAI, DeepMind, IBM, ElevenLabs, Daydream, Slingshot AI, and more.
Series A: A Series: Tracking the Next Generation of Growth
Series A rounds are up in NYC, and we decided to celebrate. With partners Gunderson Dettmer and PwC US, Tech:NYC launched the quarterly Series A Dinner, hosting the first one at the New York Stock Exchange. We also publish regular reports, maps, and analyses on the latest startups raising Series A rounds.
200+
Series A rounds tracked
The Startups + Investors Powering NYC’s Next Wave
Tech:NYC continues to showcase the startups and investors fueling the next generation of tech in NYC with our Companies to Watch, VC Spotlight, and Founder Stories series.
54
Startups spotlighted
12
Monthly themes
11
VC firms featured
DECODED FUTURES
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DECODED FUTURES ●
AI EDUCATION & LITERACY
Decoded Futures: Building AI Capacity for Social Impact
Nonprofits across New York City are harnessing AI to scale their impact through Tech:NYC’s Decoded Futures — a force multiplier that’s empowering these organizations to lead and shape the future of innovation.
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Across eight-week cohorts, Decoded Futures pairs 20-25 nonprofits with technologist volunteers from NYC's leading tech companies to identify an ‘AI-shaped’ problem and then build a custom solution.
A staggering 95% of program alumni continue the AI frameworks, demonstrating the long-term value Decoded Futures and AI creates for these organizations.
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With one year and three cohorts under our belt, Decoded Futures has distributed $1 million to NYC nonprofits via Google.org and The New York Community Trust; launched a prompt AI Cookbook as a practical AI guide for nonprofits; partnered with with OpenAI on a 10-city national AI learning event; hosted a range of lightning deep dives, and much, much more.
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None of this would be possible without our funders and close collaborators: Robin Hood, Salesforce, Google.org, Altman Foundation, OpenAI, and AWS.
220
nyc Nonprofits served
1,200
nonprofits served nationally
200+
Prototypes created
$1M
in AI grants awarded
95%
of alumni still
using AI tools
GRID FELLOWSHIP
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GRID FELLOWSHIP ●
CIVIC ENGAGEMENT
Grid Fellowship: Where Tech Meets Civic Leadership
In 2025, we launched the Grid Fellowship, a nine-month civic leadership program built for the technologists shaping New York City. Designed for founders, operators, and executives, the fellowship offers an on-ramp into the city’s public systems through immersive learning, hands-on engagement, and high-value relationship building. But beyond that, it is already becoming one of NYC’s most dynamic cross-sector networks: a cohort of extraordinary leaders translating civic curiosity into civic impact.
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The inaugural class of 23 fellows reflects the best of NYC’s innovation economy — C‑suite executives, founders, product leaders, data scientists, and operators representing some of the most influential and forward‑thinking companies in the city. Despite their diverse backgrounds, every fellow shared one thing from day one: 100% expressed a desire to learn more about how the city works and how their expertise could support it.
This became the foundation for the program, which tracks a clear progression from civic awareness to civic action.
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Three months in, nearly half of all fellows have already taken concrete steps to integrate civic work into their professional lives — a clear shift from interest to practice.
Several fellows have already asked for support in joining civic or nonprofit boards, showing how the fellowship seeds long‑term civic leadership.
The first semester alone included immersive site visits to:
DSNY (sanitation operations and routing at city scale)
Department of Environmental Protection (NYC’s water and environmental infrastructure)
Fulton Fish Market at Hunts Point (a major node of the city’s food distribution network)
Cornell Tech (public‑private innovation partnerships)
Hip Hop Museum (cultural institutions as civic anchors)
Industry City (manufacturing, innovation, and economic development)
New York Law School (policy, governance, and legal frameworks)
Third Avenue BID (local economic development)
“This has given me a bird’s eye view into New York City government in a way that I haven’t been able to get professionally.”
Stanley Toussaint
Head of Community Partnerships, MoCaFi
MORE PROJECTS, MORE IMPACT
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MORE PROJECTS, MORE IMPACT ●
Investing in the Future of NYC’s Innovation Workforce
Tech:NYC works to bolster burgeoning tech talent and support networks through an array of programs and partnerships. Partnering with the nation's largest public school system and the country’s largest urban university system, Tech:NYC ensures young New Yorkers gain access and exposure to tech companies through internships and micro-internships. Simultaneously, we work to support community based organizations in and across the city.
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Nearly 2,000 NYC public high school students gathered in Washington Heights for the city’s largest computer science event. The Fair featured 80+ interactive exhibits from tech companies, colleges, and community organizations — plus a new AI Exploration Zone where students experimented with creative tools like the “AI Dream Machine.”
Program Stats:
2,000 students
80+ activations
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Led by the Tech:NYC Foundation and Company Ventures, the program placed 93 CUNY students at 68 startups in 2025. Interns gained hands-on experience across technical and business roles, with many earning return offers. Since 2022, 260+ students have interned at 140+ startups, building an inclusive tech talent pipeline.
Program Stats
93 CUNY students
68 startups
260+ interns since 2022
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In 2025, the Tech:NYC Foundation partnered with 22 schools and 600 students on six-week micro-internships tackling real business challenges with companies like Deloitte, Clear, and Grubhub. To date, over 1,500 students have participated, gaining early exposure to tech careers and workforce skills.
Program Stats
22 schools
600 student internships in 2025
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This year, we launched Obviously NYC Tech Gives Back — a new week of service connecting NYC’s tech community with local nonprofits. Volunteers from Lyft, Wonder, Grubhub, Tastemade, Zola, Amazon, and Microsoft showed what it looks like when tech shows up for New Yorkers.
Program Stats
10,000 lbs of food distributed
22 nonprofits partnered with
TECH:NYC DIGEST
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TECH:NYC DIGEST ●
The daily briefing for New York’s tech and innovation economy
The Tech:NYC Digest continues to be New York’s essential newsletter for tech, policy, and innovation. Every weekday evening, thousands of the city’s most influential tech operators, founders, and policymakers — decision makers from Union Square Ventures, Google, Meta, OpenAI, Rho, and more — open the Digest to stay connected to what’s happening in NYC’s tech ecosystem.
WE’VE COVERED KEY MOMENTS THIS YEAR LIKE:
Mayoral elections
Major funding rounds in NYC’s startup ecosystem
Digital equity conversations gaining urgency
After-school program expansions
Crime data improving
Forthcoming subway changes and road closures
And, of course, the best pizza slices in the city
10k
subscribers
65%
of subscribers are decision makers (founders, C-suite, VPs, partners, policy leads)
56%
open rate
NYC JOBS BOARD
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NYC JOBS BOARD ●
The No. 1 Source for In-Person NYC Tech Jobs
The Tech:NYC Jobs Board continues to serve as the city’s central information source for tech talent and opportunity. Each month, thousands of job seekers — from software engineers and data scientists to designers, product leaders, and civic-tech operators — turn to the platform to find roles at our member companies shaping New York’s innovation landscape.
Members across the ecosystem rely on the Jobs Board to reach top-tier candidates and build teams that reflect the ambition and diversity of NYC’s tech community.
470K
Tech jobs added
212K
page views
10.2K
applications
RESEARCH
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RESEARCH ●
Building the Data Backbone of NYC’s
Tech Ecosystem
Tech is Powering the NYC Economy
Tech:NYC’s research with the Center for an Urban Future showed that NYC’s tech sector grew 26.2% from 2019–2024 — 10 times faster than private sector jobs overall — to become New York’s largest and most dependable source of new middle- and high-wage jobs.
With 25,000+ AI job postings in 2024, tech now drives 14% of citywide job growth across industries.
New Yorkers
Love Tech
Our research with LinkNYC showed that most New Yorkers see tech improving daily life, with strong optimism about AI’s benefits and interest in city-led AI training. More than 80% say technology improves daily life, and 76% rate the city’s use of tech in services as good or better.
A Top Startup Ecosystem
Startup Genome ranks NYC among the world’s top startup ecosystems (No. 2 overall), fueled by AI, fintech, and healthtech growth. Public-private collaboration, deep founder networks, and record venture activity continue to power the city’s innovation economy.
NYC’s AI Talent Edge
Our annual report with Accenture showed that AI adoption is accelerating: 90% of NYC leaders are optimistic, 99% plan AI hiring, and 84% have upskilled staff. With 2,000+ startups and 40,000 professionals, NYC is cementing its global AI leadership.
EVENTS & PRESS
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EVENTS & PRESS ●
A Year of Connection &
Celebration
This year, Tech:NYC has supported or spoken at 130+ events with founders, policymakers, and tech leaders, and hosted 80+ of those.
Julie Samuels delivers remarks at NYC AI Demos.
New York State Governor Kathy Hochul meets with Tech:NYC board members.
Julie Samuels was inducted into the NYC Tech Hall of Fame in January.
Our Cornell Tech @ Bloomberg event series features talks with NYC tech leaders.
Our Tech 'Tinis party at the annual SOMOS conference in Puerto Rico is always a highlight.
Our annual Tech Summit with Crain's New York Business features policymakers and tech leaders.
MetaProp's Aaron Block speaks at our annual Tech Summit with Crain's New York Business.
Julie Samuels moderates a "new media" panel during NY Tech Week, held with Edelman.
Julie Samuels moderates a "From Demos to Deals" panel during the 2025 Fast Company Innovation Festival.
NYC high school students learn about tech career opportunities at the CS Fair. (Photo: Alex Rae)
Team Tech:NYC rocks Obviously New York swag at the Axios AI+ NY Summit.
Tech:NYC members celebrate the launch of Obviously NYC at the Nasdaq closing bell. (Photo: Nasdaq)
Julie Samuels speaks on a "fintech in NYC" panel during New York Tech Week.
Tech:NYC celebrates the launch of Obviously NYC at IBM's NY HQ during New York Tech Week.
Tech:NYC was cited in 115+ stories in 2025 across dozens of local, national, and broadcast outlets.
YOU SAW US IN
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THE TEAM
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THE TEAM ●
To meet the fast-growing tech ecosystem, Team Tech:NYC also scaled, DOUBLING IN SIZE.
And we’re not slowing down: 2026 will mark the 10th anniversary of Tech:NYC’s launch. Stay tuned for celebrations throughout the year.
about Tech:nyc
Tech:NYC is an engaged network of tech leaders working to foster a dynamic, diverse, and creative New York. We bring together New Yorkers to support a successful technology ecosystem, attract and retain top-tier talent, and celebrate New York and the companies that call it home. Tech:NYC mobilizes the expertise and resources of the tech sector to work with city and state government on policies that ensure New York’s innovation economy thrives.

