James Patchett, president and chief executive of the New York City Economic Development Corporation, said the city has invested in technology projects like cybersecurity, blockchain and virtual and artificial reality. "This momentum has brought critical new investment to New York City's ecosystem, which ultimately has created critical new jobs for New Yorkers," he said in a statement. The city's maturing market is helping boost deal sizes as companies that got seed funding several years ago secure more financing in later rounds, said David Silverman, a partner at PricewaterhouseCoopers. Financial institutions may be helping drive the investment as they turn to technology companies for assistance with automation and data management. Data and technology company Enigma, which combines public data with private client information to help customers with things like financial-risk management, underwriting and pharmaceutical safety, has thrived in its New York location, said its co-founder and CEO, Hicham Oudghiri. Nearly all the company's clients are based in New York.