Startups Companies

Best Startups Companies

KoineArth

KoineArth is a supply chain platform that allows companies to digitize their supply chain.

Specifically, companies place all players in their supply chain (banks, suppliers, partners, etc.) on a digital platform where they can communicate and collaborate by tracking orders, shipments, and invoices.

But, the most interesting part of this platform is the usage of blockchain smart contracts to enforce agreements and decrease disputes.

This product is currently used by large organizations like Tezos, Amazon, Rakuten and more.

KoineArth has raised $1.9M across two funding rounds (Pitchbook).

What’s next:
KoineArth is part of the Enterprise Blockchain meta trend.

Blockchain has a number of enterprise use cases: data compliance, supply chain monitoring and customer validation, to name a few.

And a growing number of enterprise companies have started to recognize this potential.

In fact, 81 of the top 100 companies have already started using blockchain in their operations.

Enterprise blockchains can also accelerate the adoption of DApps and services.

In fact, Gartner estimates that by 2023, 35% of enterprise blockchains will integrate with various DApps and services.

The market for enterprise blockchain is still in its infancy and thus, there is plenty of room for future growth–the market is forecasted to grow approximately 8x in the next three years.

EdgeConnect, Kaleido and Certified True are examples of trending enterprise blockchain startups.

Videate

Videate is a video production platform.

Specifically, the platform uses AI, RPA and text-to-speech technology to automate video production.

The startup currently sells their platform to companies that largely use it to develop and update employee training videos.

The company saw an 82% YoY growth in revenue last year (Pitchbook).

Videate has raised $2.8M in a funding round that valued the company at approximately $11M.

What’s next:
Videate is part of the AI-powered Corporate Training meta trend.

The corporate training market is currently undergoing significant changes.

49% of organizations say that they are increasing learning and development expenditures in 2023.

Furthermore, 56% of organizations say that they are retooling their training programs to either reduce costs or improve efficiency.

AI-powered solutions are emerging as a way to improve learning efficiency.

For example, 15% of Learning & Development teams are looking to implement AI-personalized learning programs.

Favro

Favro is an online project management tool with built-in collaboration features.

According to the startup, “Favro’s features make it a combination of Trello, Asana, Wrike and Jira, therefore, eliminating the need to use all these tools separately.”

Favro is currently used by 1500+ companies. According to Pitchbook, the startup generates $3M ARR.

Favro raised $4.5M in mid-December of 2021.

What’s next:
Favro is part of the Real-Time Collaboration meta trend.

According to Pitchbook, funding for real-time collaboration apps increased by around $100M last year (a 34% increase compared to 2020).

According to Gartner, 79% of workers used at least one collaboration tool in 2022 (this number is up from only 44% in 2019).

And collaboration among (and with) remote workers was the most cited reason for this increase.

Furthermore, McKinsey’s research has shown that real-time collaboration applications increase WFH productivity by 30%.

Liveblocks, Tame and Empuls are examples of growing remote work collaboration platforms.

Inferex

Inferex is a cloud infrastructure startup.

The startup initially began as a deepfake detection platform, but has now pivoted to cloud infrastructure.

Specifically, Inferex provides software that enables organizations to develop and deploy AI pipelines of various complexities.

Inferex’s founder is a 21-year-old who won the Young Scientist award back in 2021.

The startup has raised $1.52M in funding (Pitchbook).

What’s next:
Inferex is part of the MLOps meta trend.

Interest in MLOps solutions is increasing as they effectively help clear bottlenecks within an organization’s operations.

Gartner ranks MLOps in the innovation trigger of their “AI Hype Cycle”. This suggests that interest in MLOps will continue to increase until it hits its peak in the next few years.

Funding for MLOps startups is also increasing: according to the Pitchbook database, funding for MLOps in 2022 is already 3x higher than in 2021.

Deeploy and ZenML are examples of trending MLOps startups.

Breachlock

BreachLock is a “Penetration Testing as a Service” (PTaaS) cybersecurity platform.

In addition to using human penetration testers, the platform tries to differentiate itself by also using AI and automation technologies.

This, according to BreachLock, allows them to “deliver on-demand, continuous and scalable penetration testing.”

The platform currently has over 700 paying customers across various industries.

BreachLock raised $3M in a funding round in late March 2022.

What’s next:
BreachLock is part of the Penetration Testing as a Service (PTaaS) meta trend.

Penetration testing is becoming essential for large organizations. 85% of IT professionals agree that penetration testing provides valuable insight into their vulnerabilities.

However, traditional penetration testing is inefficient and expensive.

In fact, 71% of IT professionals cited inefficiencies and costs as the main reason they do not engage in more frequent penetration testing.

And PTaaS is now emerging as a solution to provide higher quality penetration testing.

Intruder.io, Software Secured and Intigriti are examples of trending PTaaS startups.

Intruder

Intruder is a cloud-based vulnerability scanning platform.

In addition to penetration testing, Intruder also provides data compliance and reporting services and attack monitoring.

The startup recently launched a new service called “authenticated scanning”. This allows companies to find vulnerabilities behind log-in pages, increasing the level of attack monitoring.

The platform is currently used by over 1000 companies worldwide and brings in approximately $960K annually.

Intruder has raised $1.13M in funding and is currently valued at around $6.9M (Pitchbook).

What’s next:
Intruder is part of the Penetration Testing as a Service (PTaaS) meta trend.

85% of IT professionals agree that penetration testing provides valuable insight into their vulnerabilities.

However, traditional penetration testing has two main problems: inefficiency and cost.

  • 71% of IT professionals cite costs as the main reason they do not engage in more frequent penetration testing.
  • 79% say that traditional penetration testing is inefficient and thus, wastes valuable time.

And PTaaS is now emerging as a solution to provide higher quality penetration testing.

Increased funding for PTaaS startups is also helping accelerate this meta trend.

According to Pitchbook, funding for PTaaS startups is already at $250M in 2022, amounting to around 60% of 2021’s total.

BreachLockSoftware Secured and Intigriti are examples of trending PTaaS startups.

Tame Events

Tame Events is a virtual events platform.

The startup saw 4x growth in 2022 (this followed 7x growth in 2021).

This led to Tame Events raising approximately $5M from VF Ventures.

However, since then, the startup has killed off their virtual events platform.

Now, the company is trending because they unveiled a new webinar platform in March of 2022.

This new service focuses on lead generation during webinars.

For instance, organizations can host webinars on Tame and still use their logos during the event. Furthermore, the platform creates engagement and attendance reports to allow companies to target potential leads during the webinar.

The tool was ranked #5 in Product Hunt’s “Product of the Day” list the day it was unveiled on the platform.

What’s next:
Tame Events is part of the Webinar Marketing meta trend.

Webinars are not new. But they’re still seeing growth as a marketing channel, especially among B2B companies.

In fact, 59% of B2B marketers say that they have integrated webinar marketing into their overall marketing strategy (this number is up from 46% last year).

Demand for webinar marketing platforms is expected to grow, considering that around 95% of B2B companies say they are looking to implement webinar marketing in the coming years.

Coin Ledger

CoinLedger is a web3-focused tax software platform.

Specifically, the software automatically generates tax reports for crypto and NFT gains and losses.

Furthermore, CoinLedger can also create reports for people that use DeFi for yield farming or staking.

The startup plans to double their workforce from 35 to 70 in the next couple of years.

CoinLedger has raised $6M in funding.

What’s next:
CoinLedger is part of the Crypto Tax Software meta trend.

Searches for “crypto tax software” are up by 1150% over the last two years.

Crypto tax software automatically syncs data from various wallets and exchanges, calculates losses & gains and provides tax reports that can be used while filing taxes.

16% of Americans say that they have invested in or have traded crypto. Which is driving demand for crypto tax software.

Furthermore, the IRS has started to regulate crypto, further driving demand for this product category.

BearTax, Koinly and ZenLedger are examples of trending crypto tax software.

EdgeConnect

EdgeConnect is a communications data infrastructure startup that helps communities implement IoT in “an affordable and profitable manner”.

Specifically, the startup uses edge data centers to help monetize the unused or under-utilized fiber capacity.

This, in turn, helps reduce network latency, improve data security and reduce data transportation costs.

The startup has raised $50K in an angel funding round (Pitchbook).

What’s next:
EdgeConnect is part of the Edge Data Centers meta trend.

Searches for “edge data centers” are up by 226% over the last 12 months.

Edge data centers are often referred to as the “future of data processing.

These centers are located at the edge of a network, placing them much closer to users and their devices.

This reduced distance between center and device provides faster performance and lower latency.

And edge data centers will continue to become more prominent as companies start to launch broader edge computing initiatives (Gartner estimates that 50% of large organizations will have a documented edge computing strategy, compared to only 10% we had in 2023.)

Arenti

Arenti is a DTC smart security camera startup.

They sell 15 core SKUs.

The startup also provides an app that enables users to access their cameras remotely.

The app has been downloaded over 100,000 times on the Google Play store.

Furthermore, their devices are also compatible with Alexa and Google Home.

Arenti’s flagship product, an indoor security camera, generates approximately $70K/month on Amazon.

What’s next:
Arenti is part of the DTC Smart Home Camera meta trend.

Sales of smart home devices are increasing by approximately 20% annually.

And DTC is an emerging medium of delivery (in fact, DTC is forecast to grow approximately 3% faster than the entire smart home camera market through 2027).

Reolink, Blink and Kasa Smart Home are examples of trending DTC home camera startups.

This popular smart home camera made by Kasa Smart Home generates around $27K/day on Amazon.

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Author Pepe

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