In the past few years, we’ve seen innovative technologies like never before. But most importantly these innovations are coming from tech startups and that’s partly due to recent advancements in the field of artificial intelligence.

Statista says that funding for AI startups worldwide amounted to $24 billion in 2019 which was a tenfold increase from 2013.

Some of these startups have been observed to introduce new products and services, while others have delivered existing technologies in new ways.

In this blog post, we will see some of the top tech startups to look out for in the coming year. But, let’s first understand a little bit about startups.

What is a Tech Startup?

Tech startup describes any company working in the technology domain, first in the state of operations. It can be recognized by having one or more entrepreneurs developing a product or service in demand.

Since tech startup begins with limited revenue and high operation costs, they usually require huge capital. Hence, they usually include bank loans, business incubators, government grants, and venture capitalists.

When you hear tech startup, one thing that probably comes to your mind is a dingy basement in Silicon Valley. But, that’s not surprising as the United States remains the largest tech market in the world with $1.6 trillion.

However, today’s startup extends beyond mere location. So, here are some interesting stats on tech startups:

• Census Bureau and two MIT professors found that the most successful entrepreneurs tend to be middle-aged even in the tech sector.
• Inc says a 50-year-old entrepreneur is almost twice as likely to start an extremely successful company as a 30-year-old.
• Crunchbase says the percentage of female startup founders has doubled from 10% to 20%, from 2009 to 2019.
• The brex founder spending report says that the average age of a Startup founder is 45.
• The Brex founder spending report says Facebook and Amazon Web Services are the leading expenses for advertising and web services; Zoom dominates for web conferencing.
• Statista says that cities in California hold 8 of the top 10 spots for startups per capita.
• 47% of Series A-funded startups spend more than $400k/month. (source)
• Seed-funded companies spend on average $118k/month. (source)
• Less than 10% of seed-funded startups make it to Series A. (source)
• HubSpot CRM gets almost twice the revenue from startups compared to industry giant Salesforce. (source)

Here are the top 7 eye-opening tech startups to follow on 2021:

1. Better.com

Founder: Vishal Garg

Full-time headcount: 4,000

Headquarters: New York City

Year founded: 2016

Website: https://better.com/about-us

Last year, as the U.S. economy sank into recession with the onset of the coronavirus pandemic, housing is one of its engines that continued to roar.

In 2019, 86% of new homeowners purchased a previously lived-in home and in 2020, it is estimated that around 5.46 million existing homes are going to be sold.

Better.com is a digital mortgage lender that has been inundated with refinancing applications. They take care of new loan demand due to the falling interest rates and growing need for space.

The mortgage lender backed by Kleiner Perkins, Goldman Sachs, and Citigroup, told its investors that they are expecting its revenue to jump from $100 million in 2019 to north of $800 million this year.

To keep up with demand, the company is hiring at a staggering rate. Currently, the four-year-old company has more than 4ooo employees and has already added 1,500 since the lockdown. They are further planning to add 7,000 more in the next 12 months.

2. DoorDash

Founder: Tony Xu, Stanley Tang, Andy Fang, and Evan Moore

Full-time headcount: 3,500

Headquarters: San Francisco

Year founded: 2013

Website: https://www.doordash.com/about/

DoorDash, an American food delivery service, has gone public in February this year. The company initially offered a food delivery service and with the on-demand, it was already embarking on a big year.

With the onset of the pandemic and quarantines, the demand for doorstep delivery skyrocketed. While the San Francisco-based company continued to clash with California regulators over its dashers, its ambitions have only grown.

In the initial year of operations, DoorDash received $2.4 million in funding and expanded to 70 restaurants in the Bay Area. After that, the company grew at a rate of 20 percent every week, according to Y Combinator.

Recently, the company also expanded its delivery service into grocery and pharmacy offerings. They have also doubled their employee base for the second time in the last two years. They are currently looking to revamp their hiring process to focus on “engineering values”.

3. Robinhood

Founder: Vladimir Tenev and Baiju Bhatt

Full-time headcount: 1,042

Headquarters: Menlo Park, Calif.

Year founded: 2013

Website: https://robinhood.com/us/en/about-us/

Robinhood is an American financial services company. It bills itself as “investing for everyone” and has sought to democratize stock market investing via its app.

Their apps make trading easy to execute and affordable. The fintech company has recently raised $200 million in a new round of funding which has made it worth grow to $11.2B.

According to SensorTower, Robinhood was the 10th most downloaded financial app in 2018 and 2019.

Now to keep with its growth, the company is on a hiring spree. They are simultaneously responding to growing regulatory concerns and bringing in hundreds of registered financial service representatives.

4. Samsara

Founder: Sanjit Biswas and John Bicket

Full-time headcount: 1,350

Headquarters: San Francisco

Year founded: 2015

Website: https://www.samsara.com/about

Samsara is an integrated platform that aims to increase safety, efficiency, and sustainability. They are on a mission to make internet-connected sensor systems for trucks and other vehicles for operational safety and efficiency. The company is ranked 2nd among the top 10 competitors.

In May, retrenchment in some of its leading European markets led to layoffs. However, the company’s U.S. operations remain robust.

The company has nearly 30% of the non-male engineering team and one of the highest percentages among U.S. Top Startups.

5. Databricks

Founders: Ali Ghodsi, Matei Zaharia, Reynold Xin, Scott Shenker, Ion Stoica, Andy Konwinski, and Patrick Wendell

Full-time headcount: 1,500

Headquarters: San Francisco

Year founded: 2013

Website: https://databricks.com/

Databricks is an open-source analytics platform. They provide other companies with machine learning and data science tools to help them extract more value from data.

Till not they have worked for many clients. They have helped healthcare providers develop tailor-made treatment plans to giving banks an upper hand in tracking fraudulent activity.

In February 2021, Databricks reported $1b funding in its latest funding round. In total, Databricks has raised $1.9 b, and now it’s valuated at $28 b. The company has also recently acquired Tel Aviv-based Redash, a data visualization firm, to expand its dashboard capabilities for its customers.

6. Outreach

Founders: Wes Hather and Gordon Hempton

Full-time headcount: 595

Headquarters: Seattle

Year founded: 2014

Website: https://www.outreach.io/company

Outreach is a sales engagement platform that aims to helps customers drive more pipelines and close more deals efficiently and effectively. The company provides AI-powered tools to help sales reps identify, contact, and stay in touch with the customers.

The well-known tech firm has recently doubled its headcount to reach nearly 600 employees since 2019. They have also raised their funding to $50 million in June and are not valued at $1.33 billion. With this fund, they are looking to support the development of new tech and expands into Europe.

7. Modern Health

Founder: Alyson Watson

Full-time headcount: 101

Headquarters: San Francisco

Year founded: 2017

Website: https://www.joinmodernhealth.com/about-us

Modern Health is a global mental health and well-being platform for employees. The platform provides them with an option to tap into the virtual resource and get on-demand access to certified coaches or therapists for help. They can reach out to them with anything from burnout to depression.

The startup has recently opened its resources to the general public in response to the growing need to create groups and address racial trauma and social isolation.

Currently, Modern Health estimates an annual revenue of $24.7M per year and they have raised over $42M in venture funding.

FAQs:

1. How to Start A Tech Startup?

Here are 7 things to remember when planning to start a tech startup:

• Make a rigid business plan with minimum loopholes
• Plan for secure funds with the appropriate amount
• Make your team and surround yourself with the right people
• Find a physical location and build a fresh website
• Try to learn and become marketing as well as an HR expert
• Build a solid customer base
• Prepare for rough situations

 2. How to Invest in Tech Startups?

Before investing in a startup, you should do proper research about the market they are invested in, their background, employees, and others. There are two major ways to invest in a startup. You can either invest through online platforms for early-stage investors such as AngelList and Propel(x) or you can invest through publicly traded funds in later-stage.

Conclusion:

In this blog post, we have covered the top 7 eye-opening tech Startups that are aiming to make a difference in the future. These tech startups are making a difference in the real world and creating employment on a large scale. In the future, you should be following these startups for more technological innovations.

We have tried to cover the top 7 tech startups for 2021, if we have missed your favorite do let us know in comment section.

Author Bio:

Shreeya Chourasia is an experienced B2B marketing/tech content writer, who is diligently committed for growing your online presence. Her writing doesn’t merely direct the audience to take action, rather it explains how to take action for promising outcomes.

The post Top 7 Eye-Opening Tech StartUps with Stats appeared first on Tech Research Online.

For startups, 2020 has been a roller coaster ride and though Covid-19 has forced some industries to pivot completely, others have thrived.  

Some of the most successful tech companies today including Instagram, Uber, and Airbnb started their success stories as tech startups. Now, they are popular globally because of their state-of-the-art technologies and engaging, and inspiring ideas. They have gone so far now that they are now opening new doors for other tech startups.  

However, no one has ever seen or experienced the current global health crisis like now. As people and companies have started to embrace the new normal, there are also certain changes they need to expect in the business landscape.   

We have entered the year 2021, but a lot of changes have already happened in 2020. In the year 2020, we have been seeing some major shift in the tech trends with the huge shift to remote working, online socializing, online shopping, and more.   

On the top is work-from-home that resulted from quarantine. Despite many Tech Startup have already embraced the WFH even before the coronavirus, many are still adjusting. The shift has been especially more on technologies that have capitalized on digital.  

In Harvard Business Review, Dan Higgins and Nicola Morini Bianzino write:  

“As businesses look to embed lessons learned in recent months and to build enterprise resilience for the future, they are due for even more transformation. As such, most organizations are voraciously evaluating existing and future technologies to see if they’ll be able to deliver the innovation at a scale that they’ll need to survive and thrive.”  

Here are some stats about the tech startup industry in the US:  

According to a report, the U.S. is the largest tech market for $1.6 trillion in 2019 in the world.   

In the U.S., the average of 20 technology companies founded per year reaching $100 million in revenues.   

The tech startup industry has the highest startup business failure rate which is more than 63% as of 2018.   

Since no one can tell when the pandemic will end what changes and trends should tech startups expect next year and in the future?   

So, in this blog post, we have covered the hottest tech StartUp trends for 2021 that have grown in 2020 and will continue to thrive.  

#1. Remote Working  

Looking back at 2020, remote working might have been the most obvious technology trends for 2021 to start with. However, there is so much room for growth in this segment.   

For instance, according to LinkedIn’s analysis of 18 countries, they reported a jump in remote postings:  

Source: Growth in Remote Jobs Across the World  

In the Future Workforce Pulse Report, Upwork reveals that nearly 36.2 million Americans will be working remotely by 2025 which is an increase of 87% from pre-pandemic levels. Blueface predicts that remote working will be competing with physical offices by 2025.  

In the initial months of 2020, many companies faced several issues while adapting to a remote working model. But as we enter the new year let’s hope to hear some good news.  

Recently, Techcrunch interviewed six leading investors about their experience with the remote working situation. By the end of it, there was one common theme that was common for all. VCs did not believe that the current tools and services can solve all issues in remote working. They even claimed that there was still a lot of work that is still needed to be done.  

Clement Cazalot, managing director of Techstars Boston, “All the security [and] compliance while being remote is still largely untapped as companies are figuring out the answer.”  

Yes, security is going to be a major issue in the coming years as we have seen in the past with Zoom security concerns. But, along with that, there are so many other opportunities, for instance, personal remote process automation and office collaboration.  

Help your Remote Workers Succeed

Your remote team members face common challenges. Fortunately, there are great ways to help everyone collaborate better, work smarter and stay more secure.

So, even though remote working might be young, there are a lot of opportunities for startups to grow and help people tackle problems.   

As of today, a few tech startups have already started to work in the remote working tooling space pre-COVID-19. They are expected to grow in the year 2021 in this space. For example, Abodoo, Figma, and Bluescape.  

#2. Robotic Delivery  

I guess I am being very obvious here! But, the use of robots for delivery is the next strategic technology trends. However, its slow adoption can be due to the unwillingness of people to opt for technology in deliveries.   

According to a paper by Statista, one reason for low adoption is that the customers favor cheaper home delivery options over instant delivery. Another reason is that the consumers trust drone-based delivery for non-luxury goods but remain skeptical about its use in luxury items.  

Now, this has become one of the most complicated and hottest focuses as we emerge from 2020 and into 2021.   

Right now, China is the first country to jump at the opportunity. The country has ramped up its deployment of robots for delivery. The country says that this will be an effective measure to slow the spread of COVID-19.  

On 30th December 2020, China’s first national standard for express delivery drone service published specifications for its service which will be effective from January 1st, 2021. Other than that, several delivery apps Meituan and Dianping have even started using autonomous vehicles for grocery orders. Recently, Meituan has launched the tech publicly though the company tested this technology last year.  

China is not the only country looking to push robotic deliveries. In the Western world, other startups such as Starship Technologies, Manna, and Nuro are also trying to tackle this problem.  

In 2020, grocery e-commerce has almost doubled, accelerating the initial timelines for this technology’s deployment to help meet the growing demand in 2021.  

#3. Virtual and Telehealthcare  

With the ongoing pandemic, healthcare institutions are desperately trying to lower the exposure of COVID-19 to both workers and patients.  

This has become one fact that many private and public practices have started implementing telehealth offerings.  

The primary care is in-person nature. This is especially true in the case of relationships between PCPs (primary care physicians/providers) and patients. It stems from a need to ‘see patients’ in person.   

However, studies have shown that nearly 80% of primary care services can be delivered virtually. Telehealth has surged by 50% pre-pandemic levels.  

A few years ago, IHS Technology predicted that 70 million people in the U.S. would use telehealth by 2020. Since Forrester Research has predicted that this number has surged close to a billion by 2020. 

Source: Telehealth has skyrocketed as COVID-19 has changed people’s attitude 

With the COVID-19 pandemic, Telehealth has given companies opportunities to lead the charge. Teladoc is one such company that has since increased its 2019 projections to double visit volume.  

For startups who are concerned with healthcare, telehealth allows them to grow and compete with larger players.  

K Health, 98point6, and Eden Health are some startups that are already taking advantage of this opportunity.   

But we should not forget that there is another focus beyond the telehealth focus in healthcare that will exponentially grow in 2021.  

These include:  

• Advancements in Biotech  
• Robotic Healthcare   

AI and Machine Learning opportunities to help support the diagnosis. For example, Suki AI is offering an AI-powered platform that is also voice-enabled to automate clinical documentation.  

#4. Tech Startup Using 5G  

In the time of the pandemic, we have heard many conspiracy theories revolving around 5G and COVID-19. No doubt, the demand for higher speed internet and well-connected homes are one of the major reasons for the advancement of 5G.  

Why?  

Because we need a better network for better connectivity. And, though many of us think that COVID-19 has stalled the rollout of 5G, in reality, it has only pushed the deployment further.  

With Australia having rolled out the technology years before COVID-19, other telcos around the globe are on track to deliver 5G.   

In October, Verizon has announced the expansion of its 5G network to reach more than 200 million people.  

In China, the deployment of 5G has been rapid and Ericsson is leading the charge.   

Some other interesting stats include:  

• Currently, over 380 operators are investing in 5G  
• 35+ countries have already launched commercial 5G  

This has proved itself as one of the best strategic technology trends for 2021 for startups who want to utilize 5G within their services. Some startups such as Movandi are working to help 5G transfer data at greater distances. 

                                                           Source: 5 Top 5G Startups 

 How 5G is impacting smart cities is one key area. For instance, startups such as Novalume help municipalities manage their smart city data through sensors and public lighting network.   

Another example is the Tech Startup in Spain such as Nido Robotics will use drones to explore the seafloor. These drones will help in better navigation and use IoT to help communicate with devices through 5G networks.  

Besides, 5G networks are also capable of helping devices work together in real-time. It helps them avoid collisions and allows them to travel unmanned.  

These are some of the applications that have helped to enable 5G and with its rapid deployment, its market is expected to grow from startups who are looking to utilize this technology.  

#5. Online Education  

Even before the COVID-19 pandemic, online education was already growing rapidly with global edtech investments reaching US$18.66 billion in 2019. Its overall market for online education is estimated to reach nearly $350 Billion by 2025.   

Why is the education sector growing so fast?   

While it is a no-brainer why it has seen massive growth in recent months here are some reasons.  

                                                        Source: Educationdata.org  

According to UNESCO, some 1.3 billion learners were unable to attend school or university around the world as of March 2020. This has opened up a huge opportunity for online education sectors as schools and colleges have started to conduct classes via video conferencing.   

In fact, even after everything returns to normal, many institutions have been recommended to complete a part of their curriculum online.  

GO1, a tech startup working in the field of corporate online education, has managed to secure funds as COVID-19 runs a rampage. GO1 focuses on a sector that is growing year on year.  

Andrew Barnes from GO1, once suggested: “The awareness that organizations and individuals have around the importance of continuing to upskill and re-skill is really at the forefront, particularly as people get back into a new state of normal.”   

Today, there is a huge growth opportunity in online education from secondary and higher education to corporate. In the year 2021, we are expecting more growth for the sector and its startups.  

Conclusion:

Here are some of the hottest Top Tech startups trends for the year 2021. While you may have already heard about some of them as they have already taken off. In the future, you will continue to hear about them growing tremendously especially in 2021. 

Author Bio:

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