47 red-hot tech startups that became worth billions this year

Epic Games, the makers of

caption
Epic Games, the makers of “Fortnite,” reached unicorn status in 2018.
source
Getty

When Instagram sold to Facebook for $1 billion in 2013, it felt like a massive sum of money.

Five years later, we seem to be numb to the billion-dollar acquisitions and valuations around us. WhatsApp was acquired for $19 billion. Uber is valued at $72 billion.

Yet, to build a billion-dollar company from scratch is still an incredibly difficult feat. Last year, CB Insights reported that the odds of becoming a unicorn – a company valued at $1 billion or more – was less than 1% for companies that had raised venture capital.

In 2018, there were 47 tech companies in the US to reach this unicorn status, according to data provided by PitchBook.

Others were included in PitchBook’s list, like the makeup company Pat McGrath Labs, the fancy healthcare provider One Medical, and the publicly traded weed dispensary company MedMen. There were also international companies. For our list, we selected US companies with technology at the core of their business.

Here are the 47 US tech companies that reached unicorn status in 2018:


47. ThoughtSpot

source
ThoughtSpot/screenshot

What it does: Search and AI-based analytics

What it’s worth now: $1 billion

Year founded: 2012


46. WalkMe

caption
Walkme CEO Dan Adika.
source
Dan Adika/Twitter

What it does: Guides users to navigate websites and apps more efficiently

What it’s worth now: $1 billion

Year founded: 2011


45. Seismic

source
Seismic

What it does: Software for sales team productivity

What it’s worth now: $1 billion

Year founded: 2010


44. Tresata

source
Tresata

What it does: Analytics software company

What it’s worth now: $1 billion

Year founded: 2011


43. Talkdesk

caption
Talkdesk CEO Tiago Paiva.
source
Talkdesk

What it does: Cloud-based call center software

What it’s worth now: $1 billion

Year founded: 2011


42. JFrog

source
JFrog/screenshot

What it does: Deploys software to the cloud

What it’s worth now: $1 billion

Year founded: 2008


41. OutSystems

caption
OutSystems CEO Paulo Rosado.

What it does: Platform for “low code” app creation. Think Squarespace, but for mobile apps.

What it’s worth now: $1 billion

Year founded: 2001


40. SoundHound

source
Google Play Store

What it does: Audio and speech recognition software

What it’s worth now: $1.05 billion

Year founded: 2005


39. Formlabs

source
Formlabs

What it does: 3D printer manufacturer

What it’s worth now: $1.065 billion

Year founded: 2011


38. Rubicon

source
Rubicon/screenshot

What it does: Waste management and recycling

What it’s worth now: $1.066 billion

Year founded: 2008


37. Postmates

What it does: Food delivery

What it’s worth now: $1.076 billion

Year founded: 2011


36. Convoy

source
Convoy

What it does: Tech-powered trucking services

What it’s worth now: $1.085 billion

Year founded: 2015


35. Tradeshift

caption
Tradeshift CEO Christian Lanng
source
Tradeshift

What it does: Open-source trade platform

What it’s worth now: $1.1 billion

Year founded: 2008


34. Brex

source
Brex

What it does: Corporate credit cards for startups

What it’s worth now: $1.1 billion

Year founded: 2017


33. Airtable

source
Airtable

What it does: Spreadsheet and database product

What it’s worth now: $1.1 billion

Year founded: 2012


32. Lime

source
Getty

What it does: Electric scooters and e-assist bikes

What it’s worth now: $1.1 billion

Year founded: 2017


31. Cohesity

caption
Cohesity CEO Mohit Aron.
source
Cohesity

What it does: Data infrastructure and storage

What it’s worth now: $1.1 billion

Year founded: 2013


30. Gitlab

source
Gitlab/screenshot

What it does: A single application for development operations, from project planning to source code management.

What it’s worth now: $1.1 billion

Year founded: 2011


29. TripActions

source
TripActions

What it does: Corporate travel management

What it’s worth now: $1.2 billion

Year founded: 2015


28. Intercom

caption
The Intercom cofounders.
source
Intercom

What it does: Customer messaging platform

What it’s worth now: $1.275 billion

Year founded: 2011


27. Starry

caption
The Starry Station.
source
Starry

What it does: Internet for $50 per month

What it’s worth now: $1.29 billion

Year founded: 2014


26. Chargepoint

What it does: Charging stations for electric cars

What it’s worth now: $1.3 billion

Year founded: 2007


25. PagerDuty

caption
PagerDuty CEO Jennifer Tejada.
source
PagerDuty

What it does: Surfaces technical issues for companies

What it’s worth now: $1.3 billion

Year founded: 2009


24. Toast

source
Toast

What it does: Restaurant point-of-sale and management system

What it’s worth now: $1.4 billion

Year founded: 2011


23. Allbirds

source
Getty

What it does: Merino wool shoes

What it’s worth now: $1.4 billion*

Year founded: 2014

*This valuation has been reported but never confirmed by the company.


22. Netskope

source
Shutterstock

What it does: Cloud software security

What it’s worth now: $1.4 billion

Year founded: 2012


21. Samsara

source
Samsara

What it does: Fleet management system

What it’s worth now: $1.4 billion

Year founded: 2015


20. Freshworks

caption
Freshworks CEO Girish Mathrubootham.
source
Courtesy of Freshworks

What it does: Customer support and sales software

What it’s worth now: $1.5 billion

Year founded: 2010


19. Asana

caption
Asana CEO Dustin Moskovitz
source
Asana

What it does: Collaboration and productivity software

What it’s worth now: $1.5 billion

Year founded: 2008


18. ZipRecruiter

source
ZipRecruiter/Screenshot

What it does: Job listings and recruiting platform

What it’s worth now: $1.5 billion

Year founded: 2010


17. Dataminr

source
Dataminr

What it does: Discovers critical, breaking information before it’s in the news

What it’s worth now: $1.592 billion

Year founded: 2009


16. ServiceTitan

caption
ServiceTitan CEO Titan Ara Mahdessian
source
ServiceTitan

What it does: Management software for home services companies

What it’s worth now: $1.6 billion

Year founded: 2013


15. Discord

caption
Discord CEO Jason Citron.
source
Discord

What it does: Voice, video, and text app designed for gamers

What it’s worth now: $1.65 billion

Year founded: 2012


14. Looker

source
Looker

What it does: Database software

What it’s worth now: $1.7 billion

Year founded: 2012


13. Automation Anywhere

caption
Automation Anywhere CEO Mihir Shukla.
source
Automation Anywhere

What it does: Software that helps companies automate repetitive and routine tasks, which industry folks like to call “robotic process automation,” or RPA.

What it’s worth now: $1.8 billion

Year founded: 2003


12. HashiCorp

caption
HashiCorp founder and CTO Mitchell Hashimoto
source
HashiCorp

What it does: Cloud computing infrastructure

What it’s worth now: $1.9 billion

Year founded: 2012


11. InVision

source
InVision App

What it does: Digital product design platform

What it’s worth now: $2 billion

Year founded: 2011


10. Bird

source
Getty

What it does: Electronic scooters

What it’s worth now: $2 billion

Year founded: 2017


9. Roblox

caption
“Heroes of Robloxia”
source
Roblox

What it does: Online game creation platform

What it’s worth now: $2.4 billion

Year founded: 2005


8. Plaid

caption
Plaid cofounders Zach Perret and William Hockey
source
Plaid

What it does: Financial software that connects users’ bank accounts

What it’s worth now: $2.6 billion

Year founded: 2013


7. Procore

source
Procore

What it does: Construction management software

What it’s worth now: $3 billion

Year founded: 2003


6. Circle

source
Circle

What it does: Cryptocurrency investment platform

What it’s worth now: $3 billion

Year founded: 2013


5. UiPath

caption
UiPath CEO Daniel Dines.
source
UiPath

What it does: Automates routine tasks for businesses. Similar to Automation Anywhere, it calls its technology, “robotic process automation.”

What it’s worth now: $3 billion

Year founded: 2005


4. Snowflake

caption
Snowflake Computing CEO Bob Muglia.
source
Snowflake

What it does: Cloud-based data-warehousing

What it’s worth now: $3.95 billion

Year founded: 2012


3. DoorDash

source
DoorDash

What it does: Food delivery

What it’s worth now: $4 billion

Year founded: 2013


2. Epic Games

Epic Games, the makers of

source
Getty

What it does: Video game developers and the makers of “Fortnite.”

What it’s worth now: $15 billion

Year founded: 1991


1. Juul Labs

source
JUUL Labs

What it does: Electronic cigarettes

What it’s worth now: $38 billion

Year founded: 2017