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44 enterprise startups to bet your career on in 2019
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If your 2019 plans include looking for a new job at a hot
startup, we've got you covered.
It's once again time for Business Insider's annual picks of
enterprise startups poised to flourish in 2019 and beyond.
We selected a variety of startups at a variety of stages and
locations.
As the New Year approaches, many of us find this is a natural
time for self-reflection on our lives.
If you've come to the conclusion that you're ready for a new job
and want to go to a startup that plays in
the $3.8 trillion world of enterprise tech - selling wares to
other businesses, not to consumers - we've got you covered.
Here's our annual list of promising enterprise startups who did
so well in 2018, they are poised for future success in 2019 and
beyond.
We looked at a variety of factors when selecting this list
including the experience of leaders and founders, the reputations
of investors and the amount of funding raised along with
valuations, based on data from online finance database Pitchbook,
keeper of such records. We also selected startups at a variety of
stages from just starting out to well established.
Here are the 44 enterprise tech startups to bet your career on in
2019:
Zapier: The plumbing that connects the internet
Valuation: Unknown Total raised to date: $1.2 million Year founded: 2011 HQ: Sunnyvale, CA
What it does: Zapier helps users easily connect
apps together through integrations. In other words, it will
automatically connect one piece of workplace software to another
Why it's hot: This seven-year-old company has
raised a total of $2.56 million, but this year, it announced that
it already has a
$35 million annualized run rate, a key measure of revenue.
Oh, and by the way, at Zapier, you can work in pajamas from the
comfort of your bedroom, if you really wanted to. This
all-remote company even started a delocation package of
$10,000
to move away from the pricey
San Francisco Bay Area.
Platform Science: a telematics bigwig is back with a new company
Valuation: Unknown Total raised to date: $14 million Year founded: 2015 HQ: San Diego
What it does: Platform Science does what it
calls "enterprise IoT fleet management" which is a lot of
buzzwords that means it puts a specialized computer into each
truck (or other fleet vehicle) stuffed with all kinds of apps,
communications, mapping, fuel economy, driver performance. Plus
it allows other software developers to write apps for the device,
too.
Why it's hot: CEO John Kennedy is a former
Qualcomm bigwig, who sold his last telematics company for $800
million. Now he's back with a new telematics company that uses
all the latest tech to take on the legacy players.
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BigID: help for GDPR
Valuation: $26.06 million Total raised to date: $46.16 million Year founded: 2015 HQ: New York
What it does: BigID offers a way for companies
to find and identify their most sensitive data.
Why it's hot: Data privacy software became a hot
category after European GDPR data privacy rules were mandated in
May. This helped
the company raise $30 million this year from investors like
Scale Venture Partners and the investment arms of Comcast and
SAP. Founder and CEO, Dimitri Sirota, also sold his
previous security startup to CA in 2013.
Paladin: Mark Cuban-backed startup helps lawyers do pro bono work
Valuation: $14.35 million Total raised to date: $3.76 million Year founded: 2015 HQ: New York
What it does: Paladin is a case management
system specifically designed for lawyer's pro bono work.
Why it's hot: This Mark Cuban- backed startup is
helping companies with a wave of social activism and it's already
landed a bunch of marquee customers like Lyft and Verizon,
helping corporate lawyers volunteer their time to work on a range
of issues from family separation to environment.
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NPM: a package manager and a computer command
Valuation: $48 million Total raised to date: $18.6 million Year founded: 2014 HQ: Oakland, CA
What it does: NPM manages Node.js, which is one
of the world's largest software registries and helps JavaScript
developers easily share chunks of code.
Why it's hot: This year,
DevOps, which combines development and operations, is a huge
jackpot for
investors. NPM is one of these startups that has been
benefiting from this boom, and in just the last four years, it
has already raised almost $19 million.
Kolide: a unique way to protect Macs and PCs from hackers
Valuation: $32 million Total raised to date: $9.6 million Year founded: 2016 HQ: Somerville, MA
What it does: Kolide is a cloud service that
analyzes a company's Macs and PCs to find problems with devices -
everything from security issues to repair needs - and suggests
fixes.
Why it's hot: This startup was launched by the
creators of a popular open source project called osquery
developed inside Facebook that helps protect Macs, Windows and
Linux computers from hackers.
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Snyk: hunting through your software for threats
Valuation: $100 million Total raised to date: $32.04 million Year founded: 2015 HQ: London
What it does: Snyk automates the process of
finding and fixing vulnerabilities in open source software. In
other words, it will continuously keep a lookout for security
issues - and fix them.
Why it's hot: This year, Snyk raised $22 million
on a $100 million valuation. As breaches and vulnerabilities
become more common and continue to make headlines, more venture
capitalists are
investing in security. What's more, there's more investment
in open source startups now. Since Snyk's technology focuses on
security for open source software, it's a score for both fields.
Kustomer: a new take on customer support
Valuation: $121 million Total raised to date: $38.5 million Year founded: 2015 HQ: New York
What it does: Offers cloud customer support
software.
Why it's hot: Kustomer is the latest company
founded by Brad Birnbaum, formerly co-Founder of Assistly, which
was acquired by Salesforce and became Desk.com. It's last round
of funding included an investment by Cisco.
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Flowhub: Dispensing business software to dispensaries
Valuation: Unknown Total raised to date: $5.38 million Year founded: 2014 HQ: Denver
What it does: Offers cash register/point-of-sale
software to marijuana dispensaries.
Why it's hot: As marijuana becomes legal in a
growing number of states it is creating a variety of business
opportunities, including in tech. Flowhub is one of those poised
to prosper by helping dispensaries ensure they are following
regulations as they run their businesses.
Yellowbrick Data: data warehousing backed by big names
Valuation: $278 million Total raised to date: $89.52 million Year founded: 2014 HQ: Palo Alto, CA
What it does: It offers a "data warehouse"
device that it says is up to 140 times faster than old-school
storage and is designed to handle everything from Internet of
Things data, to "hybrid" cloud, where companies store some of
their data themselves and some in the cloud.
Why it's hot: It emerged from stealth this year
after four years of development, backed by $44 million in venture
capital from some top tier VCs (like Draper Fisher Jurvetson,
Google Ventures and Samsung Ventures), and with a handful of
paying customers like Overstock.com.
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HeadSpin: making it easy to test mobile apps
Valuation: $500 million Total raised to date: $31 million Year founded: 2015 HQ: Mountain View, CA
What it does: HeadSpin allows developers to
easily test, debug and monitor mobile apps and sites in
real-time on actual devices.
Why it's hot: After only three years, HeadSpin
is
worth $500 million. In November it closed $20 million. The
market is growing because mobile app developers need a way to
help them make sure that the apps are working correctly - and
HeadSpin lets them do this.
Dialpad: Google Voice founders modernize corporate phones
Valuation: $500 million Total raised to date: $120 million Year founded: 2011 HQ: San Francisco
What it does: Dialpad is what's known as a
voice-over-IP (VoIP) startup. It does conference calls, and
call-center work over the internet via a desktop browser or
mobile app.
Why it's hot: Dialpad is business internet
phones for the modern era. It integrates with popular apps like
Slack, Zendesk, Salesforce and G Suite and it plans to add
artificial intelligence features, too. It's the latest VoIP
startup by Craig Walker, who sold his previous companies to Yahoo
and Google and created what became Google Voice.
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Carta (formerly eShares): helping startups share the wealth with employees
Valuation: $516 million Total raised to date: $84 million Year founded: 2012 HQ: Palo Alto, CA
What it does: Carta provides equity-management
software that helps companies manage their employee-owned
shares and options.
Why it's hot: Earlier this month, Carta
raised $80 million for an $800 million valuation. With a
mission to help companies share their wealth with employees
through equity, Carta is benefiting from the wave of startups
that go public and offer their employees stock.
Botkeeper: a robot that keeps the books
Valuation: $59 million Total raised to date: $22.5 million Year founded: 2015 HQ: Boston
What it does: Botkeeper automates bookkeeping
and accounting using artificial intelligence.
Why it's hot: This year, Botkeeper
raised $18 million from Gradient Ventures, Google's
artificial intelligence investment firm. In the coming year,
Botkeeper will continue working on its AI technology, as well as
hiring more engineers.
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Zipline: using drones to deliver medicine
Valuation: $620 million Total raised to date: $113.3 million Year founded: 2011 HQ: Half Moon Bay, CA
What it does: Uses drones to deliver life-saving
medical supplies to rural communities in Rwanda and around the
world.
Why it's hot: Although Amazon introduced the
idea of drone deliveries to the world in 2013, and Google is
working on the same, Zipline has already created the world's
largest fully autonomous delivery system, proving the concept
while saving lives.
And it's run by Armar Hanspal, who previously served as Autodesk
co-CEO with Flex CEO Mike McNamara and Seagate CEO Steve Luczo on
the board.
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Flywire: Helping payments go worldwide
Valuation: $700 million Total raised to date: $143.25 million Year founded: 2009 HQ: Boston
What it does: Flywire handles cross-border
payments.
Why it's hot: While Flywire is not the only
startup in this market, it had a stellar 2018, when Deutsche Bank
partnered with the company to streamline tuition fee payments for
India's overseas students. Some 300,000 students attend overseas
colleges in the US, Australia, Canada, the UK.
It also raised $100 million in new funding this year,
and said it expects to reach annualized revenue of $100
million later this year.
Mode: a new way to build corporate networks
Valuation: $80 million Total raised to date: $22.75
million Year founded: 2014 HQ: San Francisco, CA
What it does: Mode runs a carrier-grade network
which provides affordable, high-performance access to multi-cloud
services, data centers, and remote offices.
Why it's hot: The company was formed by Cornell
researchers Kevin Tang and Nithin Michael after they
devised a mathematical way to watch and predict network
traffic, something thought previously impossible. Not only did
their research wow the academic world, but investors from NEA
approached them and asked them to build a product.
Should they figure it out, it could upend and greatly reduce the
costs of building corporate networks.
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Rockset: cutting the middleman between data and apps
Valuation: $63.47 million Total raised to date: $21.67 million Year founded: 2016 HQ: San Mateo, CA
What it does: This search and analytics company
helps users build live apps on raw data, speeding the
process by which data and apps can "talk" to each other .
It's targeted at developers building data-driven
applications and data scientists managing this data.
Why it's hot: Founded by ex-Facebookers who
spent years managing the social media giant's online data
and search infrastructure , Rockset just
came out of stealth with $21.5 million in funding from
the top-tier Silicon Valley venture firms Greylock Partners and
Sequoia Capital.
Pivot Bio: creating an eco-friendly fertilizer
Valuation: $200 million Total raised to date: $86.75 million Year founded: 2010 HQ: Berkeley
What it does: It offers an alternative to
nitrogen fertilizer, a type of fertilizer that is a pollutant and
greenhouse gas.
Why it's hot: Pivot is backed by Breakthrough
Energy Ventures, one of nine save-the-planet startups to attract
the fund's money. BEV was founded by a group of investors,
including Jeff Bezos, Bill Gates and Michael Bloomberg, who set
aside $1 billion to fund startups.
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LaunchDarkly: a on/off switch for test features
Valuation: $90 million Total raised to date: $34.84 million Year founded: 2014 HQ: Oakland, CA
What it does: LaunchDarkly helps developers test
and manage how new features get deployed to an app's users. With
LaunchDarkly, user can manage features and switch on and off test
features for different sets of users.
Why it's hot: When LaunchDarkly first tried to
raise seed funding in 2014, investors laughed. But fast
forward to now, and DevOps, a term that combines development and
operations, is all the rage. LaunchDarkly, a DevOps startup,
proved that the practice of
deploying code faster, something that is going to become
increasingly important in the years to come.
Pindrop: Security for the next big thing in computing
Valuation: $900 million Total raised to date: $223.3 million Year founded: 2011 HQ: Atlanta, GA
What it does: Prevents telephone fraud by
helping identify people's voices.
Why it's hot: This company is backed by numerous
big names including Martin Casado at Andreessen Horowitz and
former Cisco CEO John Chambers. In December it raised an
additional $90 million to expand internationally. It boasts 8
large banks and 5 large insurance companies as customers,
covering more than 200 million of their
accounts.
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Checkr: background checks for the sharing economy
Valuation: $900 million Total raised to date: $149.12 million Year founded: 2014 HQ: San Francisco
What it does: Cloud software that runs
background checks on employees
Why it's hot: With the rise of contract
employment thanks to the likes of Uber, GrubHub, Instacart and
the like, comes the rise for the need for background checks.
Checkr has become the popular choice for Silicon Valley companies
who rely on contract work.
Fastly: Making websites and apps faster
Valuation: $925 million Total raised to date: $220.04 million Year founded: 2011 HQ: San Francisco
What it does: Fastly calls itself an "edge cloud
platform." It helps large websites work faster by moving data and
apps closer to their users.
Why it's hot: Fastly has come on strong in this
well-established market (also known as a Content Delivery
Network) and already powers sites such as Airbnb, GitHub, Alaska
Airlines, Pinterest, Vimeo, The Guardian, and The New York Times.
It reportedly broke the $100 million revenue mark
in 2017 and this year raised funding that included backing by
the investment arm of telecom giant Deutsche Telekom.
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Celonis: helping companies automate worldwide
Valuation: $1 billion Total raised to date: $77.5 million Year founded: 2011 HQ: Munich, Germany
What it does: A big data startup that helps
companies find the areas they should automate.
Why it's hot: Celonis zoomed to unicorn status
this year with a unique take on a buzzword trend known as
"digital transformation." That's where companies look for ways to
use apps and tech over legacy methods. Celonis sifts through data
to help them find areas and processes that can be automated. It
has gained
a growing clientele of big customers including Siemens,
GM, 3M, Schlumberger, Airbus and Vodafone.
Cohesity: a storage startup with a veteran founder
Valuation: $1.1 billion Total raised to date: $411 million Year founded: 2013 HQ: San Jose, CA
What it does: Helps make storage back-ups less
expensive, easier to manage, and easier to sift through for big
data projects.
Why it's hot: Cohesity is the second-act for its
founder Mohit Aron, who had previously co-founded Nutanix. And
its been growing like a weed ever since. In 2018, Cohesity landed
a massive $250 million round of investment from Softbank's
Vision Fund, only the second enterprise company to be backed by
the massive fund.
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Brex: Giving 'plastic' to startups
Valuation: $1.1 billion Total raised to date: $181.62 million Year founded: 2017 HQ: San Francisco
What it does: A fintech startup that offer the
first credit card specifically for startups.
Why it's hot: Brex zoomed
to unicorn status backed by a who's-who of tech royalty
including Y Combinator Peter Thiel and Max Levchin.
Airtable: building databases with no code
Valuation: $1.1 billion Total raised to date: $170 million Year founded: 2012 HQ: San Francisco
What it does: A cloud based spreadsheet app.
Why it's hot: Founded by alumni of Google,
Salesforce, and Stack Overflow, Airtable has reached cult status
among Silicon Valley developers. And plentiful funding at a hefty
valuation has followed suit. Airtable says that more than
30,000 companies, including Target, Box, and Slack, use its
product.
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GitLab: an uncontested leader in DevOps
Valuation: $1.12 billion Total raised to date: $165.82 million Year founded: 2011 HQ: San Francisco
What it does: GitLab is used for project
planning to help developers collaborate on code, as well as
managing and monitoring code.
Why it's hot: Forrester named GitLab
as the leader in continuous integration or continuous
development - practices that allow developers to test and push
code to customers faster and more often. DevOps, a term that
combines development and operations, is where investors want to
throw their money, and GitLab easily blazes the trail in that
space. Just look at this past year: in September, GitLab
closed $100 million in a round led by Iconiq Capital, and
just three months later, Goldman Sachs invested
another $20 million.
Illumio: busting hackers when they strike
Valuation: $1.18 billion Total raised to date: $267.5 million Year founded: 2013 HQ: Sunnyvale, CA
What it does: Illumio does something called
"application security" which involves watching the
applications to make sure they aren't doing anything they are not
supposed to do, indicating a hacker or a virus.
Why it's hot: Illumio fast growth propelled it
to "unicorn" status - startups valued at $1 billion or more -
just six month after it came out of stealth mode. In 2018, the
company says it is still growing fast, increasing its bookings,
aka revenue under contract, by 300%,
it said.
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Intercom: customer service that's actually personal
Valuation: $1.28 billion Total raised to date: $240.5 million Year founded: 2011 HQ: San Francisco
What it does: Intercom is an instant messaging
system to connect customers with sales, marketing, and support
employees, and it also includes chatbots that assist with this.
Why it's hot: For a while, Intercom ads took
over all of San Francisco. And this is a startup Silicon Valley
is definitely buzzing about. Founded in
a Dublin coffee shop and focused on improving relationships
between customers and businesses, Intercom has quickly grown to a
$1.3 billion business.
PagerDuty: coordinated IT alerts
Valuation: $1.3 billion Total raised to date: $173.70 million Year founded: 2009 HQ: San Francisco
What it does: PagerDuty helps companies quickly
respond to IT incidents and alerts the best people to
respond to any given incident, giving information about the
incident and providing analysis.
Why it's hot: PagerDuty has been named one of
the
top companies in DevOps - a term that combines development
and operations. DevOps is a gold mine for investors. In
September, PagerDuty
raised $90 million, and rumor has it that it's gearing up for
IPO.
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Toast: Keeping restaurants running
Valuation: $1.4 billion Total raised to date: $247.25 million Year founded: 2011 HQ: Boston
What it does: Toast makes "point of sale"
software for restaurants that handles payments and orders.
Why it's hot: Toast is one of Boston's hottest
startups,
growing to unicorn status this year. It's popular in about 25
cities and counts Jamba Juice, Dos Toros Taqueria and
B.Good burgers as customers.
Asana: team to-do lists and much more
Valuation: $1.5 billion Total raised to date: $213.51 million Year founded: 2008 HQ: San Francisco
What it does: Asana is a cloud-based software
service that lets workers collaborate on projects and assign
tasks.
Why it's hot: Founded by
Facebook cofounder Dustin Moskovitz,
Asana just hit a valuation of
$1.5 billion earlier this month after raising $50 million.
This comes less than a year after Asana
raised $75 million in January. It's been a momentous year for
Asana, and its revenue is growing 90% year-over-year. It
will also be hiring in the coming year, as it just opened an
office in Australia and will be expanding its team from 400 to
600.
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Freshworks: a fast growing 'unicorn' from India
Valuation: $1.5 billion Total raised to date: $250 million Year founded: 2010 HQ: San Francisco
What it does: Freshworks is a customer service
and sales app.
Why it's hot: This Salesforce competitor landed
a $100 million funding round from marquee Silicon Valley
investors Accel, Sequoia and Google's CapitalG, making it the
first enterprise-software unicorn to ever come out of India,
according to the company.
Looker: business intelligence that's simple to understand
Valuation: $1.6 billion Total raised to date: $280.5 million Year founded: 2011 HQ: Santa Cruz, CA
What it does: Looker is a business intelligence
software platform that helps users easily analyze and share
real-time business analytics.
Why it's hot: Earlier this month, Looker closed
a major funding round
of $103 million. It's already one of the top business
intelligence platforms on the market despite being only six years
old, with major customers including including Sony, Amazon, IBM,
Lyft, and Spotify.
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ServiceTitan: A Southern California startup re-inventing home repair
Valuation: $1.65 billion Total raised to date: $325.96 million Year founded: 2012 HQ: Glendale, CA
What it does: Offers software for home repair
and home services businesses.
Why it's hot: ServiceTitan raised a whopping
$165 million funding round last month from investors like
Index Ventures Dragoneer, T. Rowe Price, Battery and Bessemer.
That made it the largest software
investment round in southern California history, it
says.
The company claims 2,500 customers who employ 50,000
technicians and use the software to bill roughly $10 billion
worth of services annually.
HashiCorp: running, securing and connecting clouds
Valuation: $1.9 billion Total raised to date: $174.53 million Year founded: 2012 HQ: San Francisco, CA
What it does: HashiCorp is an open source cloud
infrastructure automation company.
Why it's hot: HashiCorp is a leader in bringing
multi-cloud to everyone's attention - and that's where the
industry is going. HashiCorp provides tools to help companies
that want to use clouds from multiple vendors, be it Amazon,
Microsoft, Google or something else. HashiCorp started as a
passion project, but it became so popular and widespread that
the creators quit their day jobs to launch a business that's now
valued
at $1.9 billion after only six years.
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Gusto: a payroll success story that could be heading for an IPO
Valuation: $2 billion Total raised to date: $321.25 million Year founded: 2012 HQ: San Francisco
What it does: A payroll, benefits and HR
technology platform for small businesses.
Why it's hot: Gusto has been a fast-growing,
venture capital darling. In July,
it raised another huge round that valued the company at $2
billion. It also hired its first CFO in 2018, hinting that its
next financing stop is an IPO, which little birds say could
happen in 2019.
Plaid: up-and-coming fintech startup
Valuation: $2.65 billion Total raised to date: $309.3 million Year founded: 2012 HQ: San Francisco, CA
What it does: Plaid provides online verification
services for financial institutions like banks and stock-trading
firms.
Why it's hot: Plaid is an up-and-coming fintech
startup that landed a jaw-dropping $250 million funding round led
by veteran Kleiner Perkins investor Mary Meeker. Although Plaid
didn't pull in the full $3 billion valuation it wanted, the round
was still a big vote of confidence,
Sources told Business Insider that Plaid was on track to do
$70 million in annual revenue and investors have tripled its
valuation in a mere six months.
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UiPath: making robots real
Valuation: $3 billion Total raised to date: $449.23 million Year founded: 2005 HQ: New York
What it does: UiPath offers artificial
intelligence software that helps companies automate tasks.
Why it's hot: UiPath's mantra is to
provide "one robot for every person," which means they promise to
double a company's workforce without hiring more people, shifting
people from repetitive tasks to more complex ones.
Founded in Romania before moving to New York, UiPath is a
VC darling. It raised two giant rounds in 2018 alone, climbing
from a $1.1 billion valuation to $3 billion. It says that its
annual revenue run rate
has hit $150 million and believes it
is the fastest growing enterprise software company in
history.
Procore: Reconstructing the construction business
Valuation: $3 billion Total raised to date: $306.5 million Year founded: 2003 HQ: Carpinteria, CA
What it does: Provides software to manage
construction projects.
Why it's hot: Procore is one of the more
established companies on this list, with about 1,300
employees and 5,000 customers. But it found its stride
with venture investors in the past few years. In 2018, it raised
a new $75 million round which valued
the company at $3 billion. And rumor has it, next stop is an
IPO.
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Samsara: connecting a universe of 'things' to the internet
Valuation: $3.6 billion Total raised to date: $230 million Year founded: 2015 HQ: San Francisco
What it does: Samsara offers sensors and cloud
software for Internet of Things applications.
Why it's hot: The company was founded by Sanjit
Biswas and John Bicket, who previously founded cloud corporate
network company Meraki, sold to Cisco for $1.2
billion.
IoT is fast becoming the next big wave in tech, where everyday
objects get sensors and apps, and Samsara is one of the biggest
IoT success stories so far. It claims 5,000 customers, from
tiny shops to giant corporations.
Snowflake: more than doubled its valuation to $3 billion in 9 months
Valuation: $3.95 billion Total raised to date: $922.95 million Year founded: 2012 HQ: San Mateo, CA
What it does: Snowflake is a cloud-based
data warehouse, which lets companies sift through data stored in
their favorite cloud to find answers to business
questions.
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