Top Tech Startups #2021

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1. Cockroach Labs

Top Tech Start ups
Cockroachlab

Top Tech Start ups #1: Cockroach Labs is a software firm that develops commercial database management systems. Founded in 2015 by three ex-Google employees. It’s best known for CockroachDB, a cloud-native, distributed SQL database that provides “next-level consistency. Ultra-resilience, data locality, and massive scale to modern cloud applications.

Amid the COVID-19 outbreak, Cockroach Labs saw its revenue more than double in 2020, thanks in part to widespread cloud adoption. The startup expects to see similar levels of growth. This year and claims to be on track to double its workforce from 200 to 400 employees by the end of 2021.

Funding: Cockroach Labs raised $160 million Series E funding on Jan. 12, 2021. The round comes just eight months after the startup brought in $86.6 million. Series D funding and leaves the company valued at about $2 billion.

https://www.cockroachlabs.com/

2. Cohesity 

Top Tech Start ups
Cohesity

Top Tech Start ups #2: Firstly, There are a lot of factors that make Cohesity a ‘hot’ enterprise startup: unique technology, a founder on his second act after co-founding the now public software company Nutanix and $250 million in funding from SoftBank’s Vision Fund. Secondly, The startup originally pitches as a cheaper way for enterprises to store what it calls “secondary data” — backups, files, test/dev and analytics data — all monitored using a single cloud platform. Thirdly, It has since expanded into other areas that include the enterprise data management, including analytics, security and rapid recovery.

Funding: Finally, In April 2020, Cohesity raised $250 million in Series E funding, bringing its total funding to $660 million. This put the company value at $2.5 billion.

3. Confluent 

Confluent

Top Tech Start ups #3: Firstly, Founded by the creators of open-source Apache Kafka, Confluent is a commercial version of the software that helps developers manage system and application messaging at high volume and add real-time streaming data to their apps. Secondly, Kafka has proved popular with companies like LinkedIn, which uses the technology for activity stream data and operational metrics; Thirdly, Netflix for real-time monitoring and its event-processing pipeline; and Spotify, where it’s used as part of the company’s log delivery system. Finally, The idea behind Confluent is to make it easier for companies that don’t have a surfeit of developer power to harness Kafka. 

Funding: Firstly, the company announced a $250 million Series E funding round led by Coatue Management in April 2020, with participation from Altimeter Capital, Franklin Templeton. and Secondly, existing investors Index Ventures and Sequoia Capital. This brought total funding in the company to $456 million and a valuation of $4.5 billion. 

https://www.confluent.io/

4. Front 

Top Tech Start ups
Front

Top Tech Start ups #4: It was founded by French nationals Mathilde Collin, who is now CEO, and Laurent Perrin – who is CTO – after coming through the famed Silicon Valley startup accelerator Y Combinator. It evokes the sort of evangelism often reserved for consumer apps instead of enterprise software, drawing the inevitable comparisons to Slack. 

Firstly, the original app is for any team that shares an email inbox. It is particularly handy for customer support, sales, and even PR teams. Secondly, It allows emails to be assigned to team members and for teams to collaborate in a shared space, increasing response speeds. Thirdly, the company is looking to transform the email experience for all office workers after receiving a serious cash injection. 

Funding: Finally, it raised a $59 million Series C funding round in early 2020, led by fellow software founders like Atlassian co-founder Mike Cannon-Brookes and president Jay Simons; Okta co-founder Frederic Kerrest; Qualtrics cofounders Ryan Smith and Jared Smith; and Zoom founder Eric Yuan; and existing venture capital investors Sequoia, Initialized Capital, and Anthos Capital. 

5. Funnel 

Funnel

Top Tech Start ups #5: Firstly, Swedish software-as-a-service (SaaS) startup Funnel specializes in combining and tidying marketing and advertising data for clients, regardless of where it resides, to get better insights into customers. The software is priced on a tiered basis depending on monthly ad spending, starting at $499 a month. Reference customers include Skyscanner, Samsung, and Ubisoft. 

Secondly, “Visualization is done well in existing business intelligence tools once the data is properly prepared,” Funnel co-founder and CEO Fredrik Skantze told TechCrunch. Thirdly, “Automating the collection and preparation of the data has proven to be a very hard thing to do right and we wanted to make sure we were the best at this, which we now confidently can say we are as we hear that again and again from customers.”

Funding: Finally, Funnel secured a $47 million Series B funding round in January 2020, led by Eight Roads Ventures and F-Prime Capital, with participation from existing investors Balderton Capital, Oxx, Zobito, Industrifonden, and Kreos Capital. It is planning to expand into the US. 

https://funnel.io/

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