Home to more than 7000 startups, New York is a top startup ecosystem in America. The ample venture capital, a robust human resource capital, and efficient digital infrastructure are some of the factors that are helping New York-based startups thrive. The tech sector in the city is particularly excelling and has brought in considerable investments to the city in 2018 making them forces to be reckoned with in the ecosystem.
Here are some of the top New York startups to watch out for in 2019.
This New York-based startup is a Robotic Process Automation startup that offers its software for helping enterprises automate different areas to bring up a more productive workforce. UiPath was founded in 2005? by Daniel Dines and Marius Tirca who also don the hats of CEO and CTO of UiPath respectively. This robot software startup is one of the unicorns of the city’s startup ecosystem, and its recent funding activities have made it one of the top New York startups to watch out for in 2019. UiPath has completed four funding rounds and raised $448 till date. Two weeks back, this top New York-based startup raised more than it expected in its Series C round of funding with $265 million at a valuation of $3 billion. The round was led CapitalG and Sequoia Capital and saw the participation of two new investors – Madrona Venture Group, IVP, and Meritech Capital.
Dataminr was founded in 2009 by Jeff Kinsey and Ted Bailey and is one of the top New York startups to watch out for in 2019. The company has raised $577 so far from 8 funding rounds. In June 2018, the startup completed its Series E round of funding that helped this top startup from New York raise $391.6 million. Dataminr is now valued at over $1.5 billion. The New York-based AI startup offers real-time intelligence about important events and breaking news. The startup’s innovative AI development helps in finding out about these events even before the news is out, helping its clients in the various industries take the right action in real time. The company’s recognition by several agencies as one of the leading AI and machine learning startups makes it one of the top New York Startups to watch out for in 2019.
Buying a property has become much easier after the launch of this fintech startup that is one of the top New York startups to watch out for in 2019. Ribbon is helping home buyers, home sellers, and realtors participate in the process of selling or buying homes in a way that is transparent and less time-consuming and not at all complicated with its platform. The company was founded in late 2017 by Jian Wei Gan and Shaival Shah; the New York-based startup has raised a good amount of investments from one round within just one year of establishment. Ribbon has secured $225 million in its first round of funding and plans to expand its business into 10 new markets in the coming years. It is one of the top New York startups to watch out for in 2019 and has got four investors to back it up so far.
MediaMath is another unicorn that is one of the top New York startups to watch out for in 2019. The software startup was founded by Joe Zawadski, Greg Williams, and Eric Wasserman. The New York-based company has developed an innovative software for marketing professionals to help them achieve real business outcomes that can accelerate sales and market reach of their brand. MediaMath has got investments worth $607.5 million to date from three funding rounds. The last funding round helped this New York-based startup secure $225 million in equity from SearchLight partners. The company?s software is getting highly adopted by marketers; an increasing customer base and the surge in investments makes it one of the top New York startups to watch out for in 2019.
Mighty is a fintech SaaS startup that was founded by Dylan Beynon and Joshua Schwadron. The New York-based startup has developed a dynamic software for enterprises dealing with personal injury related receivables. The SaaS startup aids plaintiffs to get the best of technological and financial support with their platform. So far, the New York-based startup has completed five rounds of funding raising $119.3 million. The last round of funding was a debt financing round through which the company secured $105 million along with an additional $9 million through equity. The company?s fantastic growth in terms of the investments received makes it one of the top New York startups to watch out for in 2019.
Enigma is a data as a service company that has raised $95 million in Series C round of funding. NEA, an existing investor, led the round and also featured ten other investors including new ones – Capital One Growth Ventures, BB&T, Third Point and Metlife. It is one of the top New York startups to watch out for in 2019 in the Big Data sub-sector. The startup was founded by Marc DaCosta and Hicham Oudhgiri in 2011 and has raised $129.6 million till date. The New York-based startup is helping companies join the dots in their internal data assets and in integrating them with the various business processes in novel ways.
Another exciting one in the list of top New York startups to watch out for in 2019 is a space tech startup HyperSat. Founded by Derek Woods, the startup is touted to be the first one to develop and launch a commercial constellation of hyperspectral imaging satellites. The New York-based startup is expected to launch two high-resolution hyperspectral imaging satellites by 2020 and has already got investors on board. The company raised $85 in its initial funding activity through equity in a round led by Incentrum Group. Several companies have announced plans for hyperspectral imaging constellations, but HyperSat is the only one to show progress in the area making it one of the top New York startups to watch out for in 2019 in the space tech segment.
Braze was founded by Bill Magnuson, Jon Hyman, and Mark Ghermezian in 2011. The New York-based marketing startup has made headlines for its remarkable growth in valuation and investments in 2018. Braze completed its Series E round of funding in October 2018 raising $80 million. The funding round was led by Meritech Capital Partners.? With this round, Braze became a top startup in New York whose valuation doubled to $850 million in a just over a year. The company was formerly known as Appboy and now has total investments valued at $130 million.
Prevail therapeutics is one of the top New York startups to watch out for in 2019 in the biotech sub-sector. The company has completed its first round of funding and raised $85 million from 9 investors for its groundbreaking work in developing gene therapies for neurogenerative disorders, notably Parkinson’s disease. The New York-based startup was founded by Asa Abeliovich last year and has already got prominent investors on board to back it up. The trailblazing gene therapy startup is led by an expert team who are developing products that can change the way Parkinson’s is treated.
Kallyope is another biotech startup that is creating ripples in the industry. This New York-based startup has been in the spotlight for its pioneer platform that helps in understanding the dynamics of gut-brain axis. This platform is expected to bring about new approaches to healthcare practices leading to an improvement in human health. Apart from the company’s disruptive findings and development, its recent funding activities make it one of the top New York startups to watch out for in 2019. Kallyope raised $66 million in Series B round of funding, making the total investments made in the company worth $110 million.