The AlleyWatch Startup Daily Funding Report: 5/27/2026

May 27, 2026

 

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/27/2026 featuring funding details for OpenRouter, Pace, Ornn AI, Farm To People, and much more. This page will be updated throughout the day to reflect any new fundings.


OpenRouter – $113M

AI
ENTERPRISE

OpenRouter, an AI model exchange that routes inference requests across hundreds of large language models and providers, has raised $113M in Series B funding led by CapitalG with participation from NVentures, ServiceNow Ventures, MongoDB Ventures, Snowflake Ventures, Databricks Ventures, Andreessen Horowitz, and Menlo Ventures. Founded by Alex Atallah and Louis Vichy in 2023, OpenRouter has now raised a total of $153M in reported equity funding.


Pace – $46M

AI
ENTERPRISE

Pace, an AI operations platform that automates insurance workflows including submissions, renewals, and claims for carriers, brokers, and MGAs, has raised $46M in Series B funding co-led by Thrive Capital and Sequoia Capital with participation from Emergence Capital and Pruven. Founded by Jamie Cuffe in 2024, Pace has now raised a total of $56M in reported equity funding.


Ornn AI – $33.7M

AI
FINTECH

Ornn AI, a compute derivatives exchange that creates cash-settled futures and price indices for GPU compute resources, has raised $33.7M in funding according to a recent SEC filing. The filing indicates that the total offering is for $33,717,924 and there were thirty-five investors in this close. Founded by Kush Bavaria and Wayne Nelms in 2025, Ornn AI has now raised a total of $39.4M in reported equity funding.


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Farm To People – $4.3M

Farm To People, an online grocery delivery service that connects consumers to locally sourced food from farms within 300 miles of NYC, has raised $4.3M in funding according to a recent SEC filing. The filing indicates that the total offering is for $4,999,995 and there were seven investors in this close. Farm To People was founded by Michael Robinov in 2021.


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