ITHACA, N.Y. — An Ithaca-based biotech startup focused on critical mineral recovery has secured new state funding to accelerate its path to commercialization. REEgen was awarded $200,000 on April 16 through the Innovation Matching Grants program, administered by Empire State Development’s Division of Science, Technology and Innovation (NYSTAR). The funding will support deployment of the company’s BioREEcover technology, which is designed to recover rare earth elements from in

ROCHESTER, N.Y. — Syntec Optics Holdings, Inc. (NASDAQ: OPTX) has raised approximately $20 million through an underwritten public offering, signaling continued investment activity in Rochester’s advanced manufacturing and optics sector. The company sold 2,857,142 shares of common stock at $7.00 per share. Gross proceeds from the offering totaled about $20 million before underwriting discounts, commissions, and other expenses. H.C. Wainwright & Co. acted as the sole book-runni

ROCHESTER, N.Y. — A roughly $2 billion deal is set to accelerate the growth of one of Rochester’s most recognizable tech companies, as Greenlight Networks becomes part of a major national broadband expansion strategy. T-Mobile announced it will invest approximately $2 billion to acquire a 50% stake in a joint venture with Oak Hill Capital that combines Greenlight Networks with GoNetspeed, two of the largest independent fiber providers in the Northeast. The combined platform i

ROCHESTER, N.Y. — A new venture-building program is set to launch in Rochester this June, adding fresh momentum to the region’s growing startup and innovation economy. Startup Wednesday, a weekly venture-building program founded in 2025 by entrepreneur Dan Gigante in Buffalo, will begin its first Rochester cohort on June 3 at NextCorps. The four-week program is designed to bring together founders, creatives, and operators to collaborate, test ideas, and accelerate early-stage

ROCHESTER, N.Y., April 28, 2026 — Vuzix Corporation (NASDAQ: VUZI), a Rochester-based leader in AI-powered smart glasses and augmented reality technologies, has secured an additional six-figure, customer-funded development order from a tier-one aerospace and defense supplier, the company announced Tuesday. The latest award advances the design of a waveguide-based display system for military applications, building toward a production-ready head-mounted display solution. The pr

ROCHESTER, N.Y. — For Chukwuebuka Mgbenka, the idea behind MoneyPigeon did not come from theory, it came from lived experience. As an immigrant navigating financial transactions between the United States and Nigeria, Mgbenka encountered persistent friction when trying to spend money across borders in emerging markets. Today, as CEO of the Rochester-based fintech startup founded in 2022, he is working to solve that problem by building a platform designed to make cross-border s

ROCHESTER, N.Y. — This past Thursday TechRochester brought together the region’s innovation community to celebrate leadership, impact, and progress at the 2026 Technology Woman of the Year Awards, held at the Memorial Art Gallery. The annual event recognizes women driving meaningful advancement across technology fields while reinforcing the importance of visibility, mentorship, and retention within Greater Rochester’s growing tech ecosystem. This year’s top honors were award

ROCHESTER, N.Y. — A Rochester-based startup is solving one of the internet’s most persistent friction points: passwords. Locke , led by CEO Connor Peters, has announced the release of Open Passkey , a new, 100% free, open-source library designed to make passwordless authentication simple to implement across nearly any application. Alongside the library, the company is also launching Locke Gateway, a free, "backendless" authentication server that allows developers to deploy se