The 30 Best Startups in Austin, Some of Them Are Evidently Leading The Big Data & AI Revolution!

: October 04, 2019

The 30 Best Startups in Austin, Some of Them Are Evidently Leading The Big Data & AI Revolution!

 

 

Austin has a very rich start ecosystem. While its not the Silicon Valley, but the city has produced a great number of startups that are dominating in the global stage. With a vibrant culture and the cost of living, Austin is becoming a hotbed for entrepreuneur to start a business.

 

Austin, with their innovative ideas and the use of modern technology, has attracted all prominent investors. The city has made a mark accross industries including SaaS, IoT, AI, Big Data, Robotics, Health Tech, Automation, FinTech, BioTech etc. Not to mention the leading role they are playing in the Big Data space.

 

Here Is a List of The 30 Best Startups in Austin:

 

1. SparkCognition: 

An award-winning machine learning technology company that develops artificial intelligence systems focusing on defense, IIoT, and finance. SparkCognition help customers analyze complex data, empower decision making, and transform human and industrial productivity with award-winning machine learning technology and expert teams focused on defense, IIoT, and finance.

 

Year Founded: 2013

Specialities: Artifical Intelligence, Machine Learning, Big Data, IoT, NLP, Cloud Computing, Predictive Analytics

Total Funding: $163.2M 

Investors: Verizon Ventures, March Capital Partners, Temasek, US Department of Energy, Boeing HorizonX Ventures, CME Ventures etc.

 

SparkCognition ranked #20 on the CNBC Disruptor 50 list and was named the fastest-growing company in Central Texas by Austin Business Journal for holding the highest compounded annual growth rate since 2014.

 

 

2. ScaleFactor:

A cloud-based business accounting solution suitable for small and midsize companies. ScaleFactor’s intuitive software platform enables businesses to operate in real time with automated bookkeeping, proactive alerts, at-a-glance performance metrics and more.

 

Year Founded: 2014

Specialities: FinTech, Accounting, SaaS, Payroll, Bookkeeping, Financial Services, Payments, Invoicing, Taxation, Compliance, Mobile Apps, Cloud Computing

Total Funding: $103M

Investors: Bessemer Venture Partners, Coatue Management, Canaan, Broadhaven Ventures, Firebrand Ventures etc.

 

 

3. Mythic:

An innovative AI inference processor company developing a breakthrough platform for deploying Analog-based AI Chip in any device. Mythic is making it much easier and more affordable to deploy accurate, powerful AI everywhere. The company pushes local AI beyond today’s edge so that every device people rely on can become a trusted and intelligent personal assistant.

 

Year Founded: 2012

Specialties: Artificial Intelligence, Machine Learning, Computer Vision, Neural Networks, Cloud Computing, Hardware, Semiconductors, Autonomous, Robotics, Drones, AR, VR etc.

Total Funding: $85.2M

Investors: Valor Equity Partners Valor Equity Partners, DFJ, Softbank Ventures Asia, Lux Capital, Lockheed Martin Ventures etc.

 

 

4. OJO Labs: 

OJO Labs is a AI driven startup that empowers consumers to make better decisions through its conversational AI (artificial intelligence) platform. The company provides agents and brokers the ability to be connected with home buyers when they are ready to move forward through warm and informed introductions - creating a positive experience for everyone.

 

Year Founded: 2015

Specialities: Artificial Intelligence, Machine Learning, Big Data, SaaS, Real Estate, Data Science, Consumer Products etc.

Total Funding: $71.5M

Investors: LiveOak Venture Partners, Realogy Holdings, Royal Bank of Canada, Northwestern Mutual Future Ventures and others

 

OJO Labs has recently been recognized among the "Best Places to Work" by the Austin Business Journal, a 2019 Austin A-List Award winner, an Artificial Intelligence Excellence Awards recipient, named to Red Herring's North American Top 100 list, and an AI Breakthrough Award winner for the Best AI-Based Solution for Real Estate.

 

 

5. WP Engine:

A new breed of technology company at the intersection of tech innovation and service. WP Engine equips you with a suite of agility, performance, intelligence, and integration solutions, so you can build and deploy a range of online experiences from campaign sites to content hubs to ecommerce extensions. It supports over 85,000 customers in over 140 countries, and over 500,000 web experiences globally.

 

Year Founded: 2010

Specialities: WordPress, SaaS, Content Management, CMS, Marketing Automation, Application Performance, Agility, APIs, Integration, AWS, Data Centers, Threat Detection

Total Funding: $290.7M

Specialities: Silver Lake Management, GuidePost Growth Equity (formerly known as North Bridge), WordPress developer Automattic, Silverton, and Eric Ries (of “Lean Startup” fame)

 

WP Engine recognized as 2019 Gartner Peer Insights Customers' Choice for Web Content Management.

 

 

6. Dosh:

A cash back app that gives you money back at select stores and retailers every time you shop with your linked debit or credit card (Visa, MasterCard, or American Express). Dosh has created the fastest growing card-linked offer platform and fintech app that automatically puts cash into the wallets of consumers whenever they shop and dine.

 

Year Founded: 2016

Specialities: FinTech, Payments, Cash Back, Credit Cards, Debit Cards, Shopping, Dinning, Booking, Mobile Apps, Predictive Analytics

Total Funding: $96M

Investors: Goodwater Capital, Western Technology Investment (WTI), PayPal, BAM Capital and Anthem Venture Partners

 

Dosh has seen strong growth in the past year, including delivering over $50 million in cash back to millions of consumers and achieving the No. 1 position in the US App Store.

 

 

7. CognitiveScale:

A provider of cloud platform that delivers insights as a service from all types of social, public, private and device data and context signals. CognitiveScale offers Insights Fabric, which deals with multi-source multi-structured data and generates personalized insights and actions. Thhe company has successfully deployed its AI products in multiple Global 500 companies, and has formed strategic go-to-market and technology partnerships with IBM, Microsoft, and Deloitte. 

 

Year Founded: 2013

Specialities: Artificial Intelligence, Machine Learning, Big Data, Information Services, Cognitive Computing, Cognitive Applications, Deep Learning, Data Science, Machine Intelligence, Blockchain.

Total Funding: $50M

Investors: Norwest Venture Partners, Intel Capital, IBM Watson, Microsoft Ventures, USAA and The Westly Group

 

CognitiveScale has been named among AI leaders in prominent research and publications including Fortune's Top 50 companies leading the AI Revolution.

 

 

8. DISCO:

An end-to-end ediscovery solution that provides next-generation SaaS review technology to give law firms, corporations, and government agencies total control over their data, workflows, and costs. DISCO applies artificial intelligence and cloud computing to legal problems to help great lawyers and legal teams improve legal outcomes for their clients.

 

Year Founded: 2012

Specialities: SaaS, Legal Tech, Artificial Intelligence, Cloud Computing, Professional Services, Workflow Automation, Law Firms, eDiscovery, Processing, Document review

Total Funding: $135M

Investors: Bessemer Venture Partners, LiveOak Venture Partners, Georgian Partners, The Stephens Group, Comerica and others.

 

DISCO has been embraced by more than 400 law firms, including 75 of the top Am Law 200, as their first choice for innovative technologies that enhance the practice of law to help secure justice and win cases.

 

 

9. RigUp:

A technology company that's building a platform to better support the energy workforce. RigUp is building the energy industry’s largest marketplace, connecting independent contractors with work and matching service providers and operators with the workforce that will get the job done.

 

Year Founded: 2014

Specialities: Internet, Marketplace, Oil and Gas, SaaS, Job Placement, Networking, Recruitment

Total Funding: $123.8M

Investors: Founders Fund, Quantum Energy Partners, Global Reserve Group, Bedrock Capital and others

 

RigUp is solving interesting process problems in a part of the energy industry that hasn't always been quick to adopt new technology. The platform has quickly gained traction in the market.

 

 

10. Anaconda:

A free and open-source distribution of the Python and R programming languages for scientific computing (data science, machine learning applications, large-scale data processing, predictive analytics, etc.), that aims to simplify package management and deployment. Anaconda is the world’s most popular data science platform and the foundation of modern machine learning.

 

Year Founded: 2012

Specialities: SaaS, Opensource, Big Data, Data Science, Programming, Python, Computing, Data Visualization, Predictive Analytics

Total Funding: $45.3M

Investors: Citi Ventures, General Catalyst, BuildGroup and others

 

Anaconda was named a May 2019 Gartner Peer Insights Customers’ Choice for Data Science and Machine Learning Platforms.

 

 

11. Bumble: 

A location-based social and dating application that facilitates communication between interested users. Bumble is the first app to bring dating, friend-finding, and career-building into a single social networking platform.

 

Year Founded: 2014

Specialities: Internet, Networking, Social Media, Dating, Friend-Finding, Career-Building, Mobile Apps

Total Funding: NA

 

Bumble has over 55 million users worldwide, as of 2019. According to the New York Times, as of March 2017, Bumble had more than 800 million matches and 10 billion swipes per month and is the second most popular Lifestyle app in the iOS App Store.

 

 

12. ClearDATA: 

A leading healthcare-exclusive cloud provider with extensive expertise in the security and compliance needed to protect sensitive healthcare data. ClearDATA Networks provides a cloud computing platform and information security services to the healthcare industry in the United States.

 

Year Founded: 2009

Specialities: Cloud Computing, Cloud Data Services, Cloud Infrastructure, MedTech, Compliance, Cybersecurity, Health Care, Data Privacy

Total Funding: $80.4M

Investors: Care Service Corporation, Humana, Norwest Venture Partners, Excel Venture Management etc.

 

ClearDATA is the Winner of “Best Compliance Solution” in 2019 MedTech Breakthrough Awards Program. They were also the winner of 2017 Stratus Award for Cloud Computing Innovation.

 

 

13. Uhnder: 

Maker of the First Digital Automotive Radar-on-Chip. Uhnder is a fast-moving startup developing highly integrated sensing, cognition and communication products for the automotive industry. The company uses a combination of advanced CMOS and digital code modulation (DCM) technology to deliver radars with improved performance, smaller size, lower power and cost.

 

Year Founded: 2015

Specialities: Radar, Semiconductor, IoT, Sensors, Cellular, Robotics, Surveillance Systems, Automotive, Manufacturing

Total Funding: $75M

Investors: Uhnder SAIC, Monta Vista Capital, Fosun RZ Capital and other.

 

Uhnder signed an agreement with Magna in 2015 to be the supplier for their next generation radar sensor called ICON. Multiple global automotive OEMs are currently evaluating Magna/Uhnder’s digital RoC prototype. In addition, several other sensor manufacturers are doing early product evaluations.

 

 

14. data.world:

A modern data catalog that connects your data, wakes up your hidden data workforce, and helps you build a data-driven culture—faster. data.world maps your data to familiar and consistent business concepts so your people get clear, accurate, fast answers to any business question.

 

Year Founded: 2015

Specialities: Data Collaboration, Data Science, Analytics, SaaS, Patented Technology, Bot Detection, Data Teamwork, APIs

Total Funding: $45.3M

Investors: Workday Ventures, OurCrowd, The Associated Press, Chicago Ventures, Shasta Ventures, Fyrfly Venture Partners, LiveOak Venture Partners, Sherpa Asset Management AG etc.

 

data.world was selected in 2018 "CNBC’s Upstart 100 list". They were also selected as "Austin’s Best Places to Work in 2019".

 

 

15. Smarter Sorting:

A purpose-driven company committed to increasing sustainable options for unsold or damaged products. Smarter Sorting is committed to reducing waste and creating a more sustainable future by maximizing the value of consumer products.

 

Year Founded: 2015

Specialities: Consumer Products, Classification, Automated Classification Engine, Hazardous Waste Management, Sustainability, SaaS, AI, ML, Big Data, Data Management

Total Funding: $31.6M

Investors: US Ecology, RTP Ventures, McCune Capital, Niagara Business & Innovation Fund etc.

 

Smarter Sorting was the winner of "California award" by California Product Stewardship Council, in 2018.

 

 

16. Medici:

A revolutionary mobile healthcare platform that is connecting all stakeholders in the healthcare ecosystem – patients, doctors, hospitals and payers. Medici offers a simple and convenient messaging app that is recreating the doctor-patient relationship and taking the stress out of medicine.

 

Year Founded: 2016

Specialities: Internet, Health Care, TeleHealth, TeleMedicine, Health Tech, MedTech, Mobile Apps, Message, Voice Call, Consultation

Total Funding: $46.6M

Investors: Starwood Capital, Plug and Play, including individuals from companies such as Citadel, Dell, Publix

 

Medici has recently been the winner of the prestigious "A-List" award from the Austin Chamber of Commerce and SXSW in recognition of its innovation as an emerging technology. Founder Clint Phillips, is also a finalist in Texas for the Ernst & Young Entrepreneur of the Year Award.

 

 

17. TrustRadius:

A trusted review site for business technology, serving both buyers and vendors. TrustRadius helps buyers make better product decisions based on unbiased and insightful reviews. The company also help vendors leverage the authentic voice of their customers across their sales and marketing channels.

 

Year Founded: 2012

Specialities: SaaS, Internet, Customer Reviews, Feedback, B2B, Content Integrator

Total Funding: $25M

Investors: Next Coast Ventures, Mayfield Fund, LiveOak Ventures etc.

 

TrustRadius has over 100 leading technology brands who joined it's customer voice platform to scale their social proof, increase conversion, win deals and capture user feedback. And Each month, about 400,000 B2B technology buyers use over 186,000 verified reviews and ratings on TrustRadius.com to make informed purchasing decisions.

 

 

18. AlertMedia:

A fastest-growing, two-way mass communication company that delivers a cloud-based platform and service that protects your organization, improves operations, and mitigates loss from anywhere, at any time, using any device. Alert Media develops and designs emergency mass notification software. The Company provides an application which helps users to send health, safety, security, weather, emergency, logistic, and other informational messages.

 

Year Founded: 2013

Specialities: SaaS, Emergency Communication, Mass Notifications, Business Continuity, Alert Monitoring, Data Analytics, Threat Detection, Enterprise Security, Reporting & Insights

Total Funding: $42M

Investors: JMI Equity, Next Coast Ventures, & Silverton Partners, along with several prominent Austin-based angel investors.

 

AlertMedia was a Finalist in 2018 ‘ASTORS’ Homeland Security Awards Program. The company was also named "Best Places to Work in Austin in the 2017 Small Business category by the Austin Business Journal.

 

 

19. EverlyWell: 

A provider of at-home health care tests. EverlyWell makes lab testing easy and convenient with at-home collection and digital results in days. The company is building the definitive technology-enabled health care platform that consumers deserve and have already come to expect in other areas of their lives.

 

Year Founded: 2015

Specialities: Health Care, Preventative Medicine, Wellness, Health Tech, Digital Health, Lab Testing, Consumer Healthcare

Total Funding: $55M

Investors: Goodwater Capital, Highland Capital Partners, Next Coast Ventures, NextGen Venture Partners etc.

 

EverlyWell named As One Of The World's Most Innovative Companies in 2019, by Fast Company. They were also the winner of Creativity Award 2019 Consumer Product of the Year: EVERLYWELL'S HPV TEST.

 

 

20. Datical:

A leading provider of database release automation solutions that helps companies release software faster. Datical radically improves and simplifies the application release process by modernizing and automating the database release process.

 

Year Founded: 2012

Specialities: SaaS, Database, DevOps, Automation, Application Innovation, Security Vulnerability

Total Funding: $27M

Investors: River Cities Capital Funds, S3 Ventures, Mercury Fund etc.

 

Datical delivers results for some of the world’s most admired companies including: Sony, GE Transportation, Travelers, and Unum. The company was Awarded Patent for Change Management Simulator in 2019. 

 

 

21. Novi Labs:

A leading developer of artificial intelligence driven business applications that help the oil & gas industry optimize the economic value of drilling programs. Novi's artificial intelligence driven software helps shale operators improve economic outcomes through completions and spacing optimization.

 

Year Founded: 2014

Specialities: Artificial Intelligence, Machine Learning, Data Science, Predictive Modeling, Data Analytics, SaaS, Algorithms, Web Applications, Energy, Oil & Gas

Total Funding: $7M

Investors: Cottonwood Venture Partners and Bill Wood Ventures

 

Novi is changing the way oil & gas operators make well investment decisions. The company is committed to driving innovation in North American oil & gas operators, a critical component of the economy.

 

 

22. OutboundEngine:

A marketing automation platform that helps business owners stay top of mind with customers and prospects and turn online engagement into revenue. OutboundEngine is an all-in-one marketing software that includes a responsive website, relevant content created and sent automatically across email and social media, and hands-free social advertising on Facebook and Instagram.

 

Year Founded: 2012

Specialities: SaaS, Automation, Marketing, Email Marketing, Social Media, List Nurturing, Lead Generation

Total Funding: $48.1M

Investors: S3 Ventures, Horizon Technology Finance, Silverton Partners, Noro-Moseley, Harmony Partners, Altos Ventures, Capital Factory etc.

 

OutboundEngine was named the Fastest-Growing Software Company in Austin in 2017, by Inc. Magazine. They were also the winner of Aggie 100 Awards, by Texas A&M University, in 2018.

 

 

23. Eagle Eye Networks: 

A technology company providing cloud-based video surveillance products for physical security and business operations applications. Eagle Eye Networks delivers the fastest growing, on-demand cloud based security and operations video management system (VMS) providing both cloud and on-premise recording.

 

Year Founded: 2012

Specialities: Security Cameras, Cloud Services, Video Management, Surveillance, AI, Analytics, Big Data, Business Operations, Harware

Total Funding: $55M

Investors: MSD Capital, Enrique Salem, prior CEO of Symantec, Austin Ventures etc.

 

Eagle Eye's cloud-based security camera system received an award for the best new hosted solution from the Security Industry Association in April 2014. The company was also listed as a CRN Magazine top 25 emerging company in July 2014.

 

 

24. Shipwell: 

A freight trucking startup that provides business with automated way transport of goods and services. Shipwell is a centralized freight TMS that puts your entire supply chain on a single pane of glass.

 

Year Founded: 2016

Specialities: Freight Services, Shipping, Logistics, Internet Technology, SaaS, Analytics, Machine learning, Trucking, Tracking, Marketplace, Integrations, Big Data, Automation

Total Funding: $12.1M

Investors: Fifth Wall Ventures, Global Founders Capital, First Round Capital, Base 10 Ventures, Capital Theory and Village Global

 

Shipwell was voted fan-favorite Best in Show demo at MarketWaves18. They were also listed among one of the "24 leading Austin companies honored by Chamber" in 2019.

 

 

25. Molecula: 

A Data Virtualization company that enables instantaneous, secure access to large, fragmented, and geographically dispersed datasets to support the most demanding Machine Learning (ML) and Artificial Intelligence (AI) workloads. Molecula is reinventing the Data Virtualization category with a focus on performance, portability and control of data.

 

Year Founded: 2017

Specialities: SaaS, Enterprise Software, Data Virtualization, Advanced Analytics, Artificial Intelligence, Deep Learning, Machine Learning

Total Funding: $6M

Investors: Seraph Group, Tensility Ventures, Lontra Ventures, Velar Capital, Capital Factory, Andrew Busey and Jason Dorsey

 

Molecula is built on Pilosa, the open source project, their core technology is used by over 1650 organizations globally and provides a novel way to make data AI ready.

 

 

26. Homeward: 

A property tech startup that was created as an alternative to traditional real estate. Homeward lets customers relax, and buy before they sell. Customers buy the home they want using an all-cash offer, and then sell their current property at full market value.

 

Year Founded: 2018

Specialities: Internet, Real Estate, E-Commerce, PropTech, Property Listing, Mobile Apps

Total Funding: $25M

Investors: LiveOak Venture Partners, Genesis Capital, Keystone Bank etc. 

 

The Homeward Way gives homebuyers credit for their home equity up front, and lets them make an all-cash offer to secure their next home using the company’s funds. Homeward customers also receive a floor price guarantee on their existing home in case they’re unable to sell it for its full market value.

 

 

27. Joust:

A fintech platform for freelancers and entrepreneurs. Joust is the only bank platform serving the independent professional, the freelancer, and the small business founder.

 

Year Founded: 2017

Specialities: FinTech, Payments, Invoicing, Insurance, Mobile Banking

Total Funding: $6.1M

Investors: PTB Ventures, Accion Venture Lab, kima ventures, Financial Venture Studio and Techstars

 

Joust's offering includes a business bank account, an integrated merchant account for card acceptance, and PayArmour, our invoicing feature that protects your cashflows from clients’ late- or non-payments.

 

 

28. Lung Therapeutics:

A biotech startup pursuing innovative treatments for underserved, life-threatening lung conditions. Lung Therapeutics develops a treatment for fatal lung diseases such as idiopathic pulmonary fibrosis.

 

Year Founded: 2013

Specialities: BioTech, Therapeutics, Pharmaceuticals, Fibrosis, Pleural Effusion

Total Funding: $53M

Investors: Bios Partners, UT Horizon Fund including venture and angel investors remain undisclosed 

 

Lung Therapeutics is currently developing a drug technology, LTI-03, for the treatment of IPF. The company is also developing, LTI-01, the first pharmaceutical agent to enter into clinical trials for treating non-draining CPE/empyema.

 

 

29. Arrive Logistics:

A supply chain services provider focused on one thing since its founding: raising the standard of what it means to be a broker. Arrive Logistics has the personnel, technology, and network to immediately impact your supply chain with our transportation services.

 

Year Founded: 2014

Specialities: Logistics, Shipping Broker, Supply Chain, Transportation, Delivery, Shipment Tracking, GPS, KPIs, Analytics, Algorithms

Total Funding: $35M

Investors: Lead Edge Capital

 

Arrive Logistics has been awarded Top Workplace by the Chicago Tribune and named a 2018 Fast 50 Company by the Austin Business Journal.

 

 

30. Outdoor Voices:

An activewear brand that is on a mission to get the world moving. Outdoor Voices focuses on e-commerce first with their consumers, retail second, and wholesale third. The company offers an app to allow an all shopping experience while on a run. The app features the nearest Trail Shops where the new running collection can be found.

 

Year Founded: 2013

Specialities: Internet, Apparel, Fashion, E-Commerce, Shopping, Lifestyle, Fitness

Total Funding: $63.3M

Investors: GV, General Catalyst, Forerunner Venture etc.

 

Outdoor Voices collaborated with HOKA ONE ONE, in 2018. The collaboration features five colours of the Clifton4 which include five colours: Mist Green, Midnight Navy, Pale Blush and their seasonal colours with Lemon Chrome/Goji Berry and Power Blue.

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See the other notable startups from Austin, Texas: List of Startups In Austin