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

2025 ANNUAL REPORT

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!

A smiling woman with long brown hair, wearing glasses, a black blazer, and a necklace with a colorful heart pendant, standing with arms crossed in front of a large window overlooking a cityscape with tall buildings.

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.

Aerial view of New York City skyline with the Empire State Building and One World Trade Center in the distance, under a partly cloudy sky.

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

A city street lined with tall buildings and skyscrapers, with cars, pedestrians, and a cyclist on the road, and a clear sky overhead.
  • 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.

  • 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



Columbia University logo with a crown icon and text in blue reading 'Columbia University in the City of New York'.
Cornell University seal with shields and book, surrounded by text 'Cornell University Founded A.D. 1865'.


Logo of Icahn School of Medicine at Mount Sinai with colorful stylized 'M' graphic.
NYU logo featuring a purple square with a white torch and the letters 'NYU' in purple.


Logo of RIT Rochester Institute of Technology in black and orange text.
University of Rochester logo with shield containing symbols and the word MELIORA.


RPI logo in black text with a stylized black and white checkered line underneath
SUNY logo with blue circle and text


Logo of Flatiron Institute with a dark blue circle and text.
The logo of City University of New York (CUNY), with words 'The City University of New York' and initials 'CUNY' in blue.

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:

    • 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.

    • Organized coalition efforts across multiple NY industries to ensure health tech companies can thrive in New York.

    • Worked with policymakers to establish frameworks for social media usage.

    • 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. 

    • Supported government adoption of technology tool; helping local government better and more efficiently serve New Yorkers.

    • Supported legislation that established a cloud-first policy for NYC government.

    • 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

STARTUP ENGAGEMENT ●


A woman giving a presentation at a conference in a high-rise building with floor-to-ceiling windows, showing a city skyline in the background. She stands behind a clear lectern with a laptop, addressing an audience seated in front of her.

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

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.

Learn more
    • 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.

    • 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.

    • 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

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.

  • 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.

  • 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)

A collage of diverse professional individuals, some in grayscale and some in color, arranged in a grid, with text overlaid that reads 'Grid Fellowship.' The bottom right corner features the tech:nyc logo.

“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

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.

Crowd of people at a tech conference in an indoor stadium with banners reading "New York Road Runners" and "Armory." Large digital screens display event information, and attendees are gathered around booths, with some walking along the tracks.
  • 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

A woman in white pants and a light blue shirt speaking at a podium in front of a large audience in an industrial-style conference room with floor-to-ceiling windows, plants, and ceiling ducts.
  • 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

Group of diverse young adults and a few older adults gathered together in a room, smiling for a photo in front of a Signboard that reads "Workplace Challenge 2025." The room is decorated with wooden shelves, vases, and colorful flowers.
  • 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

Group of eleven people standing together outdoors in fall, dressed warmly, smiling for the camera.
  • 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

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

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

RESEARCH ●


Building the Data Backbone of NYC’s

Tech Ecosystem

Tech is Powering the NYC Economy

Digital background with code snippets and logos for Center for an Urban Future and tech:nyc.

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.

READ THE REPORT

New Yorkers
Love Tech

LinkNYC and Tech:NYC logos on a navy blue background.

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.

READ THE REPORT

Overlay image of a city bridge at night with logos of Startup Genome and Tech:NYC.

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.

READ THE REPORT

NYC’s AI Talent Edge

A city skyline at dusk with illuminated skyscrapers reflecting on a river, clusters of purple and blue clouds in the sky, and logos for Accenture and Tech:NYC at the bottom.

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.

READ THE REPORT
Sunset over the New York City skyline with the Brooklyn Bridge in the foreground, Brooklyn waterfront, and various skyscrapers including One World Trade Center.

EVENTS & PRESS

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.

Tech:NYC was cited in 115+ stories in 2025 across dozens of local, national, and broadcast outlets.

YOU SAW US IN













THE TEAM

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.

Sunset over the New York City skyline with One World Trade Center prominent, view from across the water.

about Tech:nyc

Silhouette of a city skyline within a circular outline, featuring tall buildings.

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.