Here is a list of these top Boston startups to watch out for in 2019. These startups are the top ten tech sectors from the overall 167 startups that received funding in 2018. Ranked among the top American cities for start-ups by the U.S Chamber of Commerce, Boston has paved the way for the success of several start-ups. The city achieves this with its business-friendly infrastructure and robust ecosystem partners who are constantly helping the ecosystem evolve.
There are close to 3,200 startups in Boston. Some of the most notable ones in the startup ecosystem are the technology-based companies who have brought in a considerable amount of investments through various channels.
According to the research by HexGn team, a total of $4.23 billion investment was made in 2018 with some of the top funded startups belonging to the tech sector.
Here Are The Top Startups from Boston to Watch out for in 2019
Fuze is a leading Boston-based communication startup that was established in 2006 by Steve Kokinos and Derek Yoo. The cloud-based communications software startup found its way into the list of top Boston startups to watch out for in 2019 with its recent funding rounds. Fuze completed its Series F round of funding and brought home $150 million. This funding activity was followed by its launch of a new platform and was led by Summit Partners. Fuze is currently valued at $480.4 million and has made three acquisitions so far – LiveMinutes, Whaleback Managed Services, and Contactive. The startup has a growing client list which includes the likes of National Geographic, career builder, AstraZeneca, and Barnett Waddingham among the others. This makes Fuze one of the top Boston startups to watch out for in 2019 for startup job seekers, entrepreneurs and investors alike.
Founded by Aman Narang, Steve Fredette, and Jonathan Grimm in 2011, Toast is an important unicorn of Boston’s startup ecosystem. The startup offers point-of-sale cum restaurant management software for taking care of all kinds of restaurant operations functions on a single Android-powered platform. 2019 looks like a promising year for this top Boston-based tech startup as the company saw an unmatched surge in investments. $115 million was raised through its Series D round of funding led by investor T. Rowe Price Price Associates Inc. The Boston based startup has got a total funding of $249 million and is valued at $1.4 billion currently making it one of the top Boston startups to watch out for in 2019 for startup opportunities.
American Well, an emerging Boston based telehealth startup, raised $290 million in Series C round of funding in 2018 which was led by Philips and Allianz X. The virtual healthcare services company has secured close to $520 million so far and has brought in impressive chunks of the total local venture capital investments. American Well is nurturing the telehealth services to ensure better access for patients to doctors and vice-versa digitally. Ido Schoenberg and Roy Schoenberg founded the company in 2006. The startup’s services attempt to eliminate hassles like long queues or unavailability of free appointment slots with the help of mobile and web technology. Health systems, health plans, employers, brokers, and nursing facilities are some of the consumer groups targeted by the company. This makes American Well one of the top Boston startups to watch out for in 2019 for startup job seekers, entrepreneurs and investors alike.
Circle is a cryptocurrency startup founded by Jeremy Allaire and Sean Neville in 2013. The company aims to offer financial transactions and processes more openly and securely through cryptocurrency. The avant-garde startup is valued at $3 billion after its recent funding round in which it secured a whopping $110 million which makes it one of the highest funded Boston startups to watch out for in 2019. Circle has raised $246 million in all since its establishment and has acquired companies like SeedInvest, Poloniex, and Trigger Finance in the past two years. The Boston based cryptocurrency startup currently offers four products which includes one of the world’s largest cryptocurrency exchange, making it one of the top startups from Boston that you need to watch out for in 2019.
This next-gen health tech startup has raised $50 million in its Series B round of funding held this year. Beta Bionics is the world’s first company that is attempting to create bionic pancreas, its latest funding round was led by Eventide Asset Management, and the other participating investors include RTW Investments, Zealand Pharm, and Novo Nordisk. Zealand Pharm had pledged an amount of $5 million in investments for the same round at the end of 2017 and Nordisk had also participated in the Series A round of funding. The startup received its FDA approval for the bionic pancreas study this year and has already attracted ample investments. It was founded three years back by Ed Damiano, Ed Raskin, Firas El-Khatib, Serafina Raskin, and Toby Milgrome. The iLet bionic pancreas device is a mobile pocket-sized healthcare apparatus that automatically controls blood sugar levels in the human body. The innovative developments of the startups warrant it as one of the top Boston startups to watch out for in 2019.
Founded a decade back by Vincent Partington and Coert Baart, XebiaLabs is a Boston-based software startup. It is one of the highly funded tech startup in Boston in 2018 with $100 million in its Series B round of funding held in February 2018. Susquehanna Growth Equity and Accel led this round. XebiaLabs has raised $121.5 million till date and is a disruptive B2B software startup helping its clients implement DevOps practices in an automated manner. Prestigious analyst firms like Gartner and Forrester have recognised its groundbreaking software solutions and the new funds that it received this year making it one of the top Boston-based startups expected to create ripples in 2019, make sure it is on your watch list.
This Boston-based data science startup has made headlines for its recent funding activity that secured the company $100 million for the development of artificial intelligence tech. DataRobot Inc. was founded in 2012 and has raised $224.6 million so far. The founders, Jeremy Achin and Thomas DeGodoy, are tech experts in the field of data science and are the CEO and CTO of DataRobot currently. The company’s developing share in the AI activities in the region makes it one of the top Boston start-ups to watch out for in 2019. DataRobot aims to increase efficiency in areas of quality management, demand forecast, predictive maintenance, processing conditions, smart products, and R&D with data-based applications. Strong funding and grate track record put DataRobot on the startup watch out list from Boston for 2019.
Scout Exchange is a Boston-based tech startup that offers intelligent software to aid the recruiting process of companies and independent hiring agents. It uses machine learning technology to analyse the content of job postings and matches them to recruiting parties to help the hiring firm find top-notch talent. Scout Exchange is founded and led by Ken Lazarus and has created ripples in the tech and recruiting industry with its innovative services. The software startup attracted the interest of John Chuang, who runs TRI Ventures and has co-founded Aquent and Litl. TRI Venture invested $100 million Scout Exchange in helping the software brand grow, heralding it as one of the top Boston start-ups to watch out for in 2019.
Iora Health is a disruptive health tech startup changing the face of the healthcare sector from the ground up. The company is a front-runner in providing patients with the best of healthcare team for their well-being using their high tech platform. The startup raised $100 million in 2018 through Series E round of funding whose participants included GE Ventures, .406 Ventures, Temasek, Khosla Ventures, Devonshire Investors, Humana, F-Prime Capital, Flare Capital Partners and Polaris Partners. The company released a statement soon after receiving the funding that the investments will be directed towards growing and increasing the efficiency of its technology. The company was founded by Christopher J. Mckown and Rushika Fernandopulle in 2011 and has got total investments worth $223.3 million till date, making it one of the top startups from Boston to watch out in 2019.
Founded in 2013 by Daniel Levner, James Coon, and Geraldine Hamilton, Emulate has raised $95 million so far with $36 million in its latest Series C funding round. The startup has shaken up the health tech segment with its groundbreaking concept of a Human Emulation System based on organs-on-chips technology. Emulate aims to help healthcare researchers and experts with a high impact source for understanding how a person’s body may respond to specific medicines, foods, and chemical by predicting the reaction with utmost precision. The technology platform can bring about tremendous development in healthcare and biotech enterprises. Emulate is one of the top Boston startups to watch out for in 2019 as the investors and competitors watch on to how the disruptive idea manifests into greater investments with enhanced technology.
These tech start-ups from Boston have helped elevate the city’s startup hub status and has attracted more entrepreneurs and investors to be a part of it. Technology-based start-ups in the city are fuelled by Boston’s advanced digital infrastructure, venture capital potentials, and a talented flow of human resource capital from educational institutes like Massachusetts Institute of Technology.