Oscar Health helps New York top Silicon Valley for the first time for digital health funding. The two regions are tied in activity.
Boston meanwhile, where healthcare is strong, sees the most IPOs.
The US still sees two-thirds of deals to cybersecurity startups globally but the rest of the world has grown its deal share in the past two years.
Although New York saw double the amount of deals, Massachusetts saw greater deal growth in 2015.
Massachusetts saw $6.3B of investment into VC-backed companies in 2015. Top deals included Draftkings, Mevion Medical Systems, and SimpliVity.
With more than $11B raised in the last quarter, California-based startups are raising over 3x the amount of their counterparts in Massachusetts and New York combined.
While Massachusetts overtook NY in VC activity and IPOs, the Empire State dominated in VC-backed M&A activity this past quarter.
Q4'14 saw the highest quarterly funding total in Mass in two years, ending a year which saw $4.2B of VC dollars deployed to local companies.