NYC Startups Raise $41.85M: Baselayer Leads with $20M Series A

Baselayer, an AI platform that automates business risk assessment and fraud prevention for financial institutions and government agencies, has raised $20M in Series A funding from investors including Koro Capital and M13, according to AlleyWatch's daily funding report for August 3, 2026.

The round brings Baselayer's total reported equity funding to $47M. Jonathan Awad, Timothy Hyde and William Slessman founded the company in 2023. The three-year-old fintech now counts among the more heavily capitalized young AI startups in New York's risk and compliance niche.

Dili landed the day's second-largest round. The AI-native compliance platform, which automates prevailing wage monitoring and certified payroll review for infrastructure, construction and energy projects, raised $15M in Series A funding. Khosla Ventures, Y Combinator, Allianz, Brick and Mortar Ventures and Rebel Fund participated.

Anand Chaturvedi, Brian Fernandez and Stephanie Song founded Dili in 2023. The new round lifts its total reported equity funding to $21.7M. Dili's investor list pairs a major venture firm in Khosla Ventures with a strategic corporate backer in Allianz, a structure that signals both financial and industry validation for infrastructure compliance technology.

Othello, an AI sales coaching platform that provides real-time in-call guidance and automation for sales teams, raised $6.85M according to a recent SEC filing. The filing shows thirty-five investors in the round. Jared Zelman founded the company in 2025, making it the youngest of the three startups raising capital in this batch.

The combined total across the three disclosed deals comes to $41.85M. All three companies operate in applied AI, targeting fraud prevention, compliance automation and sales enablement respectively.

The pattern across the day's deals is consistent with where venture capital has been flowing: investors backed AI companies with clear enterprise workflows rather than general-purpose tools. Baselayer sells to banks and government agencies. Dili sells to infrastructure and construction players navigating wage compliance. Othello sells to sales organizations.

AlleyWatch notes its report updates throughout the day to reflect new fundings, so the final tally for August 3, 2026 may grow. For founders and investors tracking New York's seed and Series A market, the day's activity offers a concrete benchmark: AI-native compliance and risk infrastructure remains fundable at meaningful check sizes, and 2023-vintage startups are reaching Series A scale on roughly three years of operating history.