Operating in several industries, technology startups are relying on innovation to create new production systems. These startups with backing from venture capitalists are disrupting multiple industries like finance, real estate, healthcare, transportation, commerce, and construction.
As the business today is evolving in the coronavirus pandemic, the technology startups are continuously innovating and experiencing growth. Let us have a look at the top five technology startups to watch out for in 2020.
Top Five Technology Startups of 2020
Samsara, founded in 2015 with headquarters in San Francisco produces internet-connected sensor systems that are used by a fleet of trucks and other vehicles to function safely and efficiently. Although a recession in the European market led to its layoffs in May, Samsara’s US operations have stayed intact. Also, nearly 30% of the company’s engineering team is female, being among the highest percentage in US tech startups.
Databricks was founded in 2013 as an open-source analytics platform that provides companies with data science and machine learning tools. These tools are used to extract value from their data, which ranges from helping healthcare workers develop customized plans to providing banks with an upper hand to prevent fraudulent activity. The firm also raised close to $400 million in funding at a net valuation of $6.2 billion in 2019. Also, it acquired Redash, a data visualization firm to further its dashboard capabilities to its customers.
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A sales engagement platform, Outreach provides AI-powered tools to helps sales staff identify, contact, and stay in touch with customers. Headquartered in Seattle, the company doubled its headcount to close to 600 employees since the summer of 2019. In June, it raised $50 million at a valuation of $1.33 billion to assist in the development of new technology and expand in Europe and other markets.
A semiconductor firm, Nuvia is known for designing chips for high-performance computers. Headquartered in Santa Clara, California. It also raised $53 million at the end of 2019. Its co-founders John Bruno, Manu Gulati, and Gerard Williams III worked at Apple before moving to form Nuvia and meet the increased demand for silicon.
Founded in 2016, Attentive has expertise in mobile message marketing, by using real-time behavioral data to help numerous brands target users at the right time. Attentive works with several companies like CB2, Urban Outfitters, and Coach. It also raised $40 million in April and plans to use this fund for its growth. CEO Brian Long has stated that he expects the company to grow to 400 employees by the end of this year.