47 red-hot tech startups that became worth billions this year

GettyEpic Games, the makers of ‘Fortnite,’ reached unicorn status in 2018.

When Instagram sold to Facebook for $US1 billion in 2013, it felt like a massive sum of money.

Five years later, we seem to be numb to the billion-dollar acquisitions and valuations around us. WhatsApp was acquired for $US19 billion. Uber is valued at $US72 billion.

Yet, to build a billion-dollar company from scratch is still an incredibly difficult feat. Last year, CB Insights reported that the odds of becoming a unicorn – a company valued at $US1 billion or more – was less than 1% for companies that had raised venture capital.

In 2018, there were 47 tech companies in the US to reach this unicorn status, according to data provided by PitchBook.

Others were included in PitchBook’s list, like the makeup company Pat McGrath Labs, the fancy healthcare provider One Medical, and the publicly traded weed dispensary company MedMen. There were also international companies. For our list, we selected US companies with technology at the core of their business.

Here are the 47 US tech companies that reached unicorn status in 2018:


47. ThoughtSpot

ThoughtSpot/screenshot

What it does: Search and AI-based analytics

What it’s worth now: $US1 billion

Year founded: 2012


46. WalkMe

Dan Adika/TwitterWalkme CEO Dan Adika.

What it does: Guides users to navigate websites and apps more efficiently

What it’s worth now: $US1 billion

Year founded: 2011


45. Seismic

Seismic

What it does: Software for sales team productivity

What it’s worth now: $US1 billion

Year founded: 2010


44. Tresata

Tresata

What it does: Analytics software company

What it’s worth now: $US1 billion

Year founded: 2011


43. Talkdesk

TalkdeskTalkdesk CEO Tiago Paiva.

What it does: Cloud-based call center software

What it’s worth now: $US1 billion

Year founded: 2011


42. JFrog

JFrog/screenshot

What it does: Deploys software to the cloud

What it’s worth now: $US1 billion

Year founded: 2008


41. OutSystems

OutSystems CEO Paulo Rosado.

What it does: Platform for “low code” app creation. Think Squarespace, but for mobile apps.

What it’s worth now: $US1 billion

Year founded: 2001


40. SoundHound

Google Play Store

What it does: Audio and speech recognition software

What it’s worth now: $US1.05 billion

Year founded: 2005


39. Formlabs

Formlabs

What it does: 3D printer manufacturer

What it’s worth now: $US1.065 billion

Year founded: 2011


38. Rubicon

Rubicon/screenshot

What it does: Waste management and recycling

What it’s worth now: $US1.066 billion

Year founded: 2008


37. Postmates

What it does: Food delivery

What it’s worth now: $US1.076 billion

Year founded: 2011


36. Convoy

Convoy

What it does: Tech-powered trucking services

What it’s worth now: $US1.085 billion

Year founded: 2015


35. Tradeshift

TradeshiftTradeshift CEO Christian Lanng

What it does: Open-source trade platform

What it’s worth now: $US1.1 billion

Year founded: 2008


34. Brex

Brex

What it does: Corporate credit cards for startups

What it’s worth now: $US1.1 billion

Year founded: 2017


33. Airtable

Airtable

What it does: Spreadsheet and database product

What it’s worth now: $US1.1 billion

Year founded: 2012


32. Lime

Getty

What it does: Electric scooters and e-assist bikes

What it’s worth now: $US1.1 billion

Year founded: 2017


31. Cohesity

CohesityCohesity CEO Mohit Aron.

What it does: Data infrastructure and storage

What it’s worth now: $US1.1 billion

Year founded: 2013


30. Gitlab

Gitlab/screenshot

What it does: A single application for development operations, from project planning to source code management.

What it’s worth now: $US1.1 billion

Year founded: 2011


29. TripActions

TripActions

What it does: Corporate travel management

What it’s worth now: $US1.2 billion

Year founded: 2015


28. Intercom

IntercomThe Intercom cofounders.

What it does: Customer messaging platform

What it’s worth now: $US1.275 billion

Year founded: 2011


27. Starry

StarryThe Starry Station.

What it does: Internet for $US50 per month

What it’s worth now: $US1.29 billion

Year founded: 2014


26. Chargepoint

What it does: Charging stations for electric cars

What it’s worth now: $US1.3 billion

Year founded: 2007


25. PagerDuty

PagerDutyPagerDuty CEO Jennifer Tejada.

What it does: Surfaces technical issues for companies

What it’s worth now: $US1.3 billion

Year founded: 2009


24. Toast

Toast

What it does: Restaurant point-of-sale and management system

What it’s worth now: $US1.4 billion

Year founded: 2011


23. Allbirds

Getty

What it does: Merino wool shoes

What it’s worth now: $US1.4 billion*

Year founded: 2014

*This valuation has been reported but never confirmed by the company.


22. Netskope

Shutterstock

What it does: Cloud software security

What it’s worth now: $US1.4 billion

Year founded: 2012


21. Samsara

Samsara

What it does: Fleet management system

What it’s worth now: $US1.4 billion

Year founded: 2015


20. Freshworks

Courtesy of FreshworksFreshworks CEO Girish Mathrubootham.

What it does: Customer support and sales software

What it’s worth now: $US1.5 billion

Year founded: 2010


19. Asana

AsanaAsana CEO Dustin Moskovitz

What it does: Collaboration and productivity software

What it’s worth now: $US1.5 billion

Year founded: 2008


18. ZipRecruiter

ZipRecruiter/Screenshot

What it does: Job listings and recruiting platform

What it’s worth now: $US1.5 billion

Year founded: 2010


17. Dataminr

Dataminr

What it does: Discovers critical, breaking information before it’s in the news

What it’s worth now: $US1.592 billion

Year founded: 2009


16. ServiceTitan

ServiceTitanServiceTitan CEO Titan Ara Mahdessian

What it does: Management software for home services companies

What it’s worth now: $US1.6 billion

Year founded: 2013


15. Discord

DiscordDiscord CEO Jason Citron.

What it does: Voice, video, and text app designed for gamers

What it’s worth now: $US1.65 billion

Year founded: 2012


14. Looker

What it does: Database software

What it’s worth now: $US1.7 billion

Year founded: 2012


13. Automation Anywhere

Automation AnywhereAutomation Anywhere CEO Mihir Shukla.

What it does: Software that helps companies automate repetitive and routine tasks, which industry folks like to call “robotic process automation,” or RPA.

What it’s worth now: $US1.8 billion

Year founded: 2003


12. HashiCorp

HashiCorpHashiCorp founder and CTO Mitchell Hashimoto

What it does: Cloud computing infrastructure

What it’s worth now: $US1.9 billion

Year founded: 2012


11. InVision

InVision App

What it does: Digital product design platform

What it’s worth now: $US2 billion

Year founded: 2011


10. Bird

Getty

What it does: Electronic scooters

What it’s worth now: $US2 billion

Year founded: 2017


9. Roblox

Roblox‘Heroes of Robloxia’

What it does: Online game creation platform

What it’s worth now: $US2.4 billion

Year founded: 2005


8. Plaid

PlaidPlaid cofounders Zach Perret and William Hockey

What it does: Financial software that connects users’ bank accounts

What it’s worth now: $US2.6 billion

Year founded: 2013


7. Procore

Procore

What it does: Construction management software

What it’s worth now: $US3 billion

Year founded: 2003


6. Circle

Circle

What it does: Cryptocurrency investment platform

What it’s worth now: $US3 billion

Year founded: 2013


5. UiPath

UiPathUiPath CEO Daniel Dines.

What it does: Automates routine tasks for businesses. Similar to Automation Anywhere, it calls its technology, “robotic process automation.”

What it’s worth now: $US3 billion

Year founded: 2005


4. Snowflake

SnowflakeSnowflake Computing CEO Bob Muglia.

What it does: Cloud-based data-warehousing

What it’s worth now: $US3.95 billion

Year founded: 2012


3. DoorDash

DoorDash

What it does: Food delivery

What it’s worth now: $US4 billion

Year founded: 2013


2. Epic Games

Getty

What it does: Video game developers and the makers of “Fortnite.”

What it’s worth now: $US15 billion

Year founded: 1991


1. Juul Labs

JUUL Labs

What it does: Electronic cigarettes

What it’s worth now: $US38 billion

Year founded: 2017

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