The Top 7 Tech Startups of 2019

The estimated worth of the the global information technology industry is estimated be around $5 trillion this year. Aside from huge names like Amazon, Google, Apple, Alibaba who dominate the news headlines every month, an increasing number of smaller companies have set out the disrupt certain niches in tech. While it can be quite a task keeping track of all these new companies, but it definitely worth to keep an eye out for them as most innovation comes from small, focused teams, with founders that channel ambition and tenacity into making an impact. Big companies do come with innovative ideas, but it is usually in their best interest to keep updating and upgrading what they have rather than disrupt all their hard work so far.

We will take a look into the 7 hottest startups that have made headlines and their names known this year. If you’re looking for dynamic workplace, with many challenges and responsibilities, or if you’re looking to make an investment in small companies with huge potential, then I do recommend you read on.

1. Snowflake Computing

General Information:
Headquarters: San Mateo, California
Headcount(U.S.): 1065
Year founded: 2012

Snowflake is definitely the startup to look out for. It almost tripled its employee count, increased revenue by 257% and its valuation has doubled, from $1.9 billion to $3.9, all in the span of the last fiscal year. Snowflake offers companies cloud data services and helps them move their existing data into the cloud.
The CEO, Frank Slootman is 60 years old and co-founders Benoit Dageville and Thierry Cruanes are 53, respectively 52 years old. Most startup founders and CEOs tend to be generally younger, but this did not stop these 3 “dinosaurs” as Snowflake is the #1 startup on many lists this year and doesn’t show signs of stopping anytime soon.

2. Samsara

General Information:
Headquarters: San Francisco
Headcount(U.S.): 1,115
Year founded: 2015

Samsara is one of the Industrial IoT leaders of this year. Samsara offers solutions to fields such as transportation, logistics, food production, energy, local governments, manufacturing and more. A complete hardware + software + cloud platform solution for operations of all sizes, Samsara lets customers manage their operations in a cloud based enviroment, analytics software to help lower fuel consumption and reduce emissions.In just a few years, Samsara has managed to raise over $530m from various VC funds, reaching a worth of $6.3 billion.

3. DoorDash

General Information:
Headquarters: San Francisco
Headcount(U.S.): 1,780
Year founded: 2013

DoorDash capitalized on the rising trend of food-delivery apps and the fact that many restaurants don’t have their own delivery personnel. It has managed to double its number of employees each year for 6 years straight. While the company’s current focus is only on food delivery, Tony Xu, CEO and co-founder, expressed his hopes that one day, the company will be delivering products from any local stores. The company is rapidly growing, and has started acquiring competing companies, such as Caviar.

4. Nuro

General Information:
Headquarters: Mountain View, California
Headcount(U.S.): 300
Year founded: 2016

Nuro is a robotics company that is planning to build their own fleet of self-driving delivery pods. Nuro’s mission is to ensure driverless delivery vehicles will be available on roads en masse. There are several prototypes that are already delivering food on the roads of California. FirstBank saw a great opportunity in Nuro and has invested a whopping $940 million in the startup, giving it a big confidence vote. Despite there still being a lot of uncertainty regarding self-driving cars, the companies that are developing this technology are definitely raking in the big bucks.

5. Lime

General Information:
Headquarters: San Francisco
Headcount(U.S.): 423
Year founded: 2017

Lime has capitalized on the need for fast, short distance travel in big cities by offering a fleet of rentable electric scooters and dockless bikes. Lime is currently found in over 100 cities all around the world. Young people especially are looking for alternatives to cars or public transportation, so hoping on a rented scooter or bike to get where they need to be, without spending hours in traffic, is certainly desirable. It comes as no wonder that the western world’s most traffic-ridden cities are the main targets for Lime to expand to.

6. TripActions

General Information:
Headquarters:
Palo Alto, California
Headcount(U.S.): 600
Year founded: 2015

TripActions is a platform aimed to make corporate travel booking and management easy and simply. Combining artificial intelligence with a user-friendly design, TripActions seeks to replace the antiquated travel and booking system for business travelers all over the world. It integrates a company’s HR and expense systems, cutting down on travel costs by finding the best options available and includes features such as group-booking(invaluable for corporations) and travelers can manage their entire trip, from flight, hotels and transportation with a 24/7 support. TripActions recently joined the unicorn club, following a $154 million series C investment, bringing the company valuation at $1 billion.

7. DataBricks

General Information:
Headquarters: San Francisco
Headcount(U.S.): 660
Year founded: 2013

DataBricks offers companies a unified analytics platform, helping them unchain the power of big data in their everyday operations. It is one of the fastest growing enterprise cloud companies in the past years. There are 4 main products available on the platform, all open source : Delta Lake – data lake product; MLflow – machine learning operations management; Koalas – combines Spark and Pandos into a single machine framework; and last but not least, Spark and open source analytics engine. DataBricks’s is estimated to be worth around $6.2 billion after the massive series F funding round, which saw $400 million injected into the company.

Final Words

What most successful tech startups aim at is the disruption of old and antiquated systems, or the more efficient management of existing ones. A key feature that most startups share is the desire for innovation, using the latest technologies available to leverage this aspect. A young and enthusiastic team is highly sought-after to line up a startup’s personnel count but this does not mean industry veterans are not welcome to join in the innovation race, as clearly shown in Snowflake’s case.

Cloud data, logistics, food delivery and travel are just some of the industries where tech startups have thrived this year. As technology advances, so too does the need for innovative ideas to improve on existing concepts or disrupt them.

    Leave a Reply