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.
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
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.
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.
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.
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.
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
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.
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
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.
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
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.
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
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
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.
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.
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.
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
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
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.
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
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
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
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.
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.
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
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
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
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
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
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
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.
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.
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
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
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
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.
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.
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.
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.
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.
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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