The most valuable venture-backed startups in all 50 states

Michael Cohen/Getty Images for The New York TimesUber CEO Dara Khosrowshahi.

Venture capital-backed companies based out of California are usually recognisable. But what can get lost in the mix are the companies based throughout the rest of the country.

VC research firm Pitchbook compiled every state’s most valuable VC-backed startup into an interactive graphic.

We assembled all 50 startups, including that of Washington D.C. and Puerto Rico.

Take a look below for most valuable startups in every state throughout the US.


Alabama: ContinuumRx

Name: ContinuumRx

Valuation: $US20 million

Amount of funding raised: $US20.5 million

Headquarters: Birmingham, Alabama

ContinuumRx is a health technology startup, partnering with health systems and hospitals to provide home infusion services – basically, intravenous medication administration – to patients transitioning from health centres to their homes.


Alaska: NordAq Energy

Raymona Pooler/ShutterstockAnchorage, Alaska.

Name: NordAq Energy

Equity funding: $US90 million (Note: Pitchbook doesn’t have valuation data for startups in Alaska, so it listed the one that had raised the most venture capital, instead)

Headquarters: Anchorage, Alaska

NordAq Energy provides oil and gas exploration services throughout the state of Alaska, specifically tapping into the state’s hydrocarbon reserves.

Note that NordAq’s website was “disabled” at the time of writing, per a message that appears when you try to visit it. The company did not respond to repeated requests for information on whether or not it is still in business.


Arizona: InfusionSoft

InfusionSoftAn example of the sales automation feature offered by InfusionSoft.

Name: InfusionSoft

Valuation: $US500 million

Amount of funding raised: $US127.9 million

Headquarters: Chandler, Arizona

InfusionSoft is a software company that provides small businesses with an all-in-one set of sales and marketing tools.


Arkansas: NanoMech

Name: NanoMech

Valuation: $US60 million

Amount of funding raised: $US32.6 million

Headquarters: Springdale, Arkansas

NanoMech is a developer of nano-manufactured products produced from materials that are measured in nanometres and microns. The company brings these nano-engineered innovations to industrial manufacturing and the military, among other sectors.


California: Uber

Michael Cohen/Getty ImagesUber CEO Dara Khosrowshahi.

Name: Uber

Valuation: $US72 billion

Amount of funding raised: $US21.1 billion

Headquarters: San Francisco, California

In an unsurprising turn, Uber is the most valuable company in California – and the world. Uber’s flagship app allows customers to hail a ride from their smartphones. More recently, Uber has expanded into new markets like food delivery and driverless cars.


Colorado: SomaLogic

Jeff Zehnder/Shutterstock

Name: SomaLogic

Valuation: $US496 million

Amount of funding raised: $US379.5 million

Headquarters: Boulder, Colorado

SomaLogic develops protein measurement technology, which measures the bundles of proteins that are to unique to each individual. The technology can monitor the body’s proteins over time, which gives insight into things like cardiovascular health and metabolic health.


Connecticut: Remedy Partners

Joe Raedle/Getty Images

Name: Remedy Partners

Valuation: $US350 million

Amount of funding raised: $US96.2 million

Headquarters: Darien, Connecticut

Remedy Partners aims to help patients during and after they have been hospitalized. The company offers ways for doctors and other healthcare providers to work with patients and payers like Medicare, Medicaid, commercial insurers, and private employers to minimise costs and deliver better care.


Delaware: Ensyn

Name: Ensyn

Valuation: $US425 million

Amount of funding raised: $US20 million

Headquarters: Wilmington, Delaware

Ensyn produces biocrude, a synthetic fuel that’s being investigated as a replacement for petroleum. The fuel is sourced from converted forest and agricultural residues, then heated without oxygen in a reactor. Biocrude can be used for heating and diesel engines.


Florida: Magic Leap

Brian Ach/Getty ImagesMagic Leap CEO Rony Abovitz.

Name: Magic Leap

Valuation: $US6 billion

Amount of funding raised: $US2.3 billion

Headquarters: Plantation, Florida

Magic Leap is a startup that produces virtual and augmented reality technology, allowing users to see 3D computer-generated images superimposed over real world objects. The technology has been used in various industries, including gaming and retail.


Georgia: Kabbage

Glassdoor/KabbageA group of Kabbage employees.

Name: Kabbage

Valuation: $US1.2 billion

Amount of funding raised: $US1.6 billion

Headquarters: Atlanta, Georgia

Kabbage is a financial technology company that designed an automated way to lend money to small businesses and consumers. The company offers various funding options to fit each individual business’ needs.


Hawaii: Convergence CT

Yoshinori Kumagai/ShutterstockHonolulu, Hawaii.

Name: Convergence CT

Valuation: $US60 million

Amount of funding raised: N/A

Latest Deal Amount: $US6 million

Headquarters: Honolulu, Hawaii

Convergence CT is a healthcare provider that offers products and services to healthcare organisations, patients, and researchers around the world. The company provides a network of real-world healthcare data and analytics to help answer questions in the healthcare industry.


Idaho: Cradlepoint

Name: Cradlepoint

Valuation: $US414 million

Amount of funding raised: $US162.8 million

Headquarters: Boise, Idaho

Cradlepoint provides customers with wired and wireless broadband to more easily keep their products – like vehicles, workforces, and devices – connected and protected. The service is provided on a web-based platform, so customers can easily keep an eye on their connected products.


Illinois: Uptake Technologies

YouTube/ScreenshotUptake CEO Brad Keywell.

Name: Uptake Technologies

Valuation: $US2.3 billion

Amount of funding raised: $US263 million

Headquarters: Chicago, Illinois

Uptake Technologies takes in key data from companies across various industries and analyses it to reach results and conclusions to help those companies better their practices.


Indiana: Scale Computing

LinkedIn/Jeff ReadyJeff Ready has been the CEO of Scale Computing since 2007.

Name: Scale Computing

Valuation: $US60 million

Amount of funding raised: $US61 million

Headquarters: Indianapolis, Indiana

Scale Computing’s HC3 product allows customers to combine all of their information technology, like servers and storage, into one platform.


Iowa: Syncbak

CBSCBS All Access is one of Syncbak’s clients.

Name: Syncbak

Valuation: $US53 million

Amount of funding raised: $US22.4 million

Headquarters: Cedar Rapids, Iowa

Syncbak is a media technology company that develops products and services for television broadcasters and content programmers. Some of the company’s services include rights and content management, ad insertion, the use of space on the cloud, and live-stream encoding, which allows viewers to watch content from various platforms.


Kansas: C2FO

Twitter/C2FOFrom left to right: COO Sanjay Gupta, CEO Alexander Kemper, and CFO Kerri Thurston.

Name: C2FO

Valuation: $US813 million

Amount of funding raised: $US197.7 million

Headquarters: Fairway, Kansas

C2FO provides a working capital market. A working capital market is an online market that allows companies to manage their working capital, which is the difference between a company’s current assets and its current liabilities.

The marketplace allows its users to submit bids for others to buy their working capital, which allows a more timely and seamless transaction between a seller and a buyer.


Kentucky: Revon Systems

Name: Revon Systems

Valuation: $US30 million

Amount of funding raised: $US4.2 million

Headquarters: Crestwood, Kentucky

Revon has developed a platform that connects physicians to patients remotely, allowing patients to manage their health more independently and efficiently. The company’s platform integrates artificial intelligence learning, mobile technology, and Bluetooth-connected medical devices.


Louisiana: Zlien

Name: Zlien

Valuation: $US50 million

Amount of funding raised: $US16.8 million

Headquarters: New Orleans, Louisiana

Zlien provides companies in the construction industry with an avenue for managing payment documents, like lien waivers and pay applications.


Maine: Vets First Choice

Vets First ChoiceVets First Choice CEO Ben Shaw.

Name: Vets First Choice

Valuation: $US584 million

Amount of funding raised: $US285.8 million

Headquarters: Portland, Maine

Vets First Choice partners with veterinarians to help digitize their practice, cut down on costs, and determine gaps in patient care. The company also provides technology-enabled veterinary practices like online prescription management.


Maryland: Tenable Network Security

Name: Tenable Network Security

Valuation: $US550 million

Amount of funding raised: $US309.8 million

Headquarters: Columbia, Maryland

Tenable Network Security gives companies a constant view into the security of their servers and data centres, helping them scan for threats.


Massachusetts: Moderna Therapeutics

ModernaModerna CEO Stéphane Bancel.

Name: Moderna Therapeutics

Valuation: $US7 billion

Amount of funding raised: $US1.7 billion

Headquarters: Cambridge, Massachusetts

Moderna Therapeutics is a developer of therapeutics composed of messenger RNA, a family of molecules that translates genetic information to the ribosome, which can then identify proteins in the cells. The therapeutics produce human proteins for antibodies within the cells of the patient. The technique provides an alternative for disease conditions that cannot be addressed with drugs.


Michigan: Duo

Name: Duo

Valuation: $US1.2 billion

Amount of funding raised: $US121.5 million

Headquarters: Ann Arbor, Michigan

Duo is a cloud-based security provider whose technology protects users, data, and applications from breaches and theft.


Minnesota: Bright Health

Name: Bright Health

Valuation: $US400 million

Amount of funding raised: $US240 million

Headquarters: Minneapolis, Minnesota

Bright Health is a health insurance startup providing users with affordable healthcare coverage. The company is run by former UnitedHealthcare CEO Bob Sheehy.


Mississippi: Diabetes Care Group

Montri Thipsorn/Shutterstock

Name: Diabetes Care Group

Valuation: $US19 million

Amount of funding raised: $US11.2 million

Headquarters: Jackson, Mississippi

Diabetes Care Group provides diabetes patients with care models that integrate medical management and patient education to help patients both manage their health and reduce costs.


Missouri: Essence Group Holdings

ShutterstockEssence Group Holdings CEO Mike Long.

Name: Essence Group Holdings

Valuation: $US670 million

Amount of funding raised: $US141 million

Headquarters: Saint Louis, Missouri

Essence Group Holdings offers health insurance and cloud-based software for health systems and organisations. The company’s services include helping businesses manage payment and reimbursement models.


Montana: SiteOne Therapeutics

Shutterstock.com / Colton StifflerSiteOne CEO and President Stan Abel.

Name: SiteOne Therapeutics

Valuation: $US75 million

Amount of funding raised: $US19.2 million

Headquarters: Bozeman, Montana

SiteOne is developing a new therapeutic drug to treat acute and chronic pain without the drawbacks of existing drugs like opioids.


Nebraska: Hudl

Name: Hudl

Valuation: $US460 million

Amount of funding raised: $US108.9 million

Headquarters: Lincoln, Nebraska

Hudl is a platform and software that provides video analysis to sports teams. Coaches can use Hudl to view playback video from game footage, and players can use it build highlight reels for personal promotion.


Nevada: NevadaNano

Name: NevadaNano

Valuation: $US45 million

Amount of funding raised: $US23.7 million

Headquarters: Sparks, Nevada

NevadaNano develops and manufactures sensor modules based on micro-electro-mechanical systems (MEMS), which is the technology of microscopic devices. The sensors can detect airborne threats such as harmful chemicals.


New Hampshire: Adimab

LinkedIn/Errik AndersonErrik Anderson is one of the cofounders of Adimab.

Name: Adimab

Valuation: $US530 million

Amount of funding raised: $US45.3 million

Headquarters: Lebanon, New Hampshire

Adimab specialises in providing technology for the discovery of antibodies – otherwise known as immunoglobulin or blood proteins – that can be used in treatment in a variety of diseases including cancer, inflammation, and cardiovascular disease.


New Jersey: Celularity

Name: Celularity

Valuation: $US520 million

Amount of funding raised: $US290 million

Headquarters: Warren, New Jersey

Celularity is a biotechnology company that uses materials from postpartum placentas to develop treatments for complex diseases like cancer and Crohn’s disease. The materials have the ability to strengthen the immune system and improve the body’s ability to regenerate itself.


New Mexico: Skorpios Technologies

turtix/Shutterstock

Name: Skorpios Technologies

Valuation: $US500 million

Amount of funding raised: $US69.9 million

Headquarters: Albuquerque, New Mexico

Skorpios Technologies specialises in optical communication, a form of communication that uses light rather than electrical currents to carry information or data across distances.


New York: WeWork

Courtesy of WeWorkWeWork Weihai Lu office in Shanghai.

Name: WeWork

Valuation: $US21 billion

Amount of funding raised: $US6.9 billion

Headquarters: New York, New York

WeWork provides shared workplaces, services, and technology for companies in order to create a collaborative environment for staff. WeWork also provides companies with meeting rooms, private phone booths, and kitchenware.


North Carolina: AvidXchange

Name: AvidXchange

Valuation: $US1.4 billion

Amount of funding raised: $US547.8 million

Headquarters: Charlotte, North Carolina

AvidXchange provides services for companies that help with managing their accounts payable, or the money companies owe their creditors. The services automate bill payments and accelerate approvals by eliminating the need for paper-based processing.


North Dakota: Intelligent InSites

Rostislav_Sedlacek/Shutterstock

Name: Intelligent InSites

Valuation: $US50 million

Amount of funding raised: $US5.2 million

Headquarters: Fargo, North Dakota

Intelligent InSites provides healthcare organisations with software that allows real-time data collection for companies to can help them improve the quality of healthcare.


Ohio: Everything But The House

Name: Everything But The House

Valuation: $US215 million

Amount of funding raised: $US84.5 million

Headquarters: Cincinnati, Ohio

Everything But The House operates as a full web service estate marketplace, selling whole estates entirely online. Everything from furniture to jewellery to cars are listed for sale on the site.


Oklahoma: ProCure

Name: ProCure Treatment Centres

Valuation: $US339 million

Amount of funding raised: $US75 million

Headquarters: Oklahoma City, Oklahoma

ProCure collaborates with radiation practices and hospitals to provide patients with proton therapy, a form of more controlled radiation that uses a beam of protons to treat diseased tissue. The company develops and operates full-service proton therapy centres.


Oregon: Puppet Labs

Name: Puppet Labs

Valuation: $US652 million

Amount of funding raised: $US107.5 million

Headquarters: Portland, Oregon

Puppet Labs provides information technology to customers, including Salesforce, to aid in delivering and operating software.


Pennsylvania: Duolingo

Name: Duolingo

Valuation: $US700 million

Amount of funding raised: $US108.3 million

Headquarters: Pittsburgh, Pennsylvania

Duolingo is a free language education app that allows users to learn languages through gaming lessons. Duolingo says the program is scientifically proven and allows learners to speak, read, and listen to the different languages offered.


Puerto Rico: Protein Dynamic Solutions

Name: Protein Dynamic Solutions

Valuation: $US5 million

Amount of funding raised: $US200,000

Headquarters: Mayagüez, Puerto Rico

Protein Dynamic Solutions is a pharmaceutical company that helps the biologics industry develop therapeutic solutions that involve proteins, an up-and-coming component in research for drug development.


Rhode Island: NanoSteel

NanoSteelA NanoSteel 3D steel tool.

Name: NanoSteel

Valuation: $US142 million

Amount of funding raised: $US58.2 million

Headquarters: Providence, Rhode Island

NanoSteel is an advanced materials company focusing on the production of steel sheets that help automakers create lightweight vehicles, and steel powders for more efficient 3D printing.


South Carolina: Ambio Holdings

Name: Ambio Holdings

Valuation: $US75 million

Amount of funding raised: $US24 million

Headquarters: North Augusta, South Carolina

Ambio provides full-service manufacturing of active pharmaceutical ingredients, or API, peptides, which are short chains of amino acids. The company focuses on quickly manufacturing these peptides and supplying them to biotech and pharmaceutical companies at the lowest cost possible for them to use in drug development.


South Dakota: Peppermint Energy

Name: Peppermint Energy

Valuation: $US6 million

Amount of funding raised: N/A

Latest Deal Amount: $US500,000

Headquarters: Sioux Falls, South Dakota

Peppermint Energy provides user-friendly portable solar generators, called the Forty2, that are able to power equipment on-the-go. The company’s product offers three different battery sizes and 180 watts of solar power.


Washington, DC: Vox Media

Name: Vox Media

Valuation: $US1.1 billion

Amount of funding raised: $US307.6 million

Headquarters: Washington, DC

Vox is a digital media company with brands such as foodie publication Eater and gaming site Polygon under its domain. The company’s brands cover news, technology, sports, and lifestyle.


Tennessee: Digital Reasoning

Mark Skalny / Shutterstock.comBrett Jackson has been the CEO of Digital Reasoning since April of 2017.

Name: Digital Reasoning

Valuation: $US270 million

Amount of funding raised: $US104 million

Headquarters: Nashville, Tennessee

Digital Reasoning uses artificial intelligence to develop a platform that understands how humans think. The platform helps companies automatically organise information and develop ways to help them improve their business practices.


Texas: HYLA Mobile Reconsidered

Sean Gallup/Getty Images

Name: HYLA Mobile Reconsidered

Valuation: $US650 million

Amount of funding raised: $US140 million

Headquarters: Farmers Branch, Texas

HYLA helps its customers with the reuse of their mobile devices. Companies can use HYLA when it comes to trading in or reusing their mobile devices, which helps in saving money and resources.


Utah: Qualtrics

Brendan Moran/Getty ImagesRyan Smith cofounded Qualtrics in 2002.

Name: Qualtrics

Valuation: $US2.5 billion

Amount of funding raised: $US400 million

Headquarters: Provo, Utah

Qualtrics allows companies to manage four core aspects of their business – customers, employees, brand, and product – all on one platform.


Virginia: Endgame

Name: Endgame

Valuation: $US465 million

Amount of funding raised: $US111.4 million

Headquarters: Arlington, Virginia

Endgame provides a security platform that uses machine learning and data science to prevent and detect attacks. Endgame says its platform saves security operations teams and incident responders time and money by simplifying how they spot threats.


Vermont: ipCreate

Linkedin/John CroninJohn Cronin worked in patent licensing for IBM for over 17 years before becoming CEO of ipCreate in 1998.

Name: ipCreate

Valuation: $US171 million

Amount of funding raised: $US29.3 million

Headquarters: Williston, Vermont

Run by the former chief of IBM’s “Patent Factory,” ipCreate partners with technology companies to create inventions that bolster these companies’ internal research and development. IpCreate says it’s known for recognising a need for innovation in any given industry and then quickly developing patents on these innovations.


Washington: OfferUp

Name: OfferUp

Valuation: $US1.3 billion

Amount of funding raised: $US221.6 million

Headquarters: Bellevue, Washington

OfferUp is an online marketplace providing users with a way to easily sell and buy products locally. The company’s interface offers a simple way for users to upload photos of the products they wish to sell.


West Virginia: Liberty Hydro

Name: Liberty Hydro

Valuation: $US4 million

Amount of funding raised: $US500,000

Headquarters: South Charleston, West Virginia

Liberty Hydro developed a proprietary technology that removes heavy metals and contaminants from wastewater discharges. The company provides its water treatment services for extraction industry sources like power plants or mining companies.


Wisconsin: Midwestern BioAg

Name: Midwestern BioAg

Valuation: $US87 million

Amount of funding raised: $US27.3 million

Headquarters: Madison, Wisconsin

Midwestern BioAg focuses on soil health to provide farmers with an increase in crop yields and profit. The company’s way of helping its customers includes using programs customised to each customer’s specific needs that include high-quality minerals and carbon-based fertilisers.


Wyoming: synAgile

Name: synAgile

Valuation: $US31 million

Amount of funding raised: $US10.4 million

Headquarters: Wilson, Wyoming

SynAgile offers a form of therapy called DopaFuse that’s designed to stabilise L-DOPA levels – which are used to increase dopamine concentrations – in patients suffering from Parkinson’s disease. The DopaFuse medication is deposited in patients through a small device worn in the mouth.

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