THE MOST PROMISING STARTUPS OF 2016

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Some start-ups are able to change the way we live. Airbnb, Uber and Snapchat are bright examples thereof. Starting as small companies they have become world-known corporations. Perhaps some of the most remarkable start-ups of the year of 2016 listed below will become so successful, too. 


 

 

 

BitSight Technologies
Equity raised: $95 million
Estimated 2016 revenue: $30 million 
The company produces a daily security rating by means of using complex algorithms. This is the so called “credit score” for cybersecurity. Such world-known companies like Ferrari, Hess and Lowe’s use the services of BitSight Technologies. Seems the start-up has a great future ahead.

 


 
Boxed
Equity raised: $133 million  
Estimated 2016 revenue: more than $100 million 
This mobile commerce company focuses on delivering the big box club experience to mobile devices – it offers direct delivery of bulk-sized packages that its customers order via app or online. Imagine, just two years ago Boxed its revenue was only $8 million. Impressive growth, isn’t it?

 

 

 

Checkr
Equity raised: $50 million  
Estimated 2016 revenue: $150 million  
Checkr provides either online access or an API that returns automatically generated background checks. It makes a hiring process really faster. Among users of the app are Uber, Instacart and Warby Parker.

 

 

ClassPass
Equity raised: $84 million  
Estimated 2016 revenue: $180 million  
This monthly membership service gives subscribers access to a wide range of fitness and dancing classes. For a monthly fee, the users may sign up for an unlimited number of classes in everything from the list provided by the app. ClassPass will save time you waste in online searching for a class. 

 

 

 

Collective Health
Equity raised: $150 million  
Estimated 2016 revenue: $15 million  
This app provides customers with data and insights that help them optimize their health plans. So that the process of obtaining of insurance don’t take weeks anymore.   

 

 

 

Doppler Labs
Equity raised: $50 million  
Estimated 2017 revenues: $100 million  
Doppler Labs develops a tiny computer for your ears. Its functions cover getting information, adjusting noise and augmenting aural reality.

 

 

 

Freshdesk
Equity raised: $95 million  
Estimated 2016 revenue: $65 million  
This start-up sells cloud-based customer support software that allows companies reach their patrons through lots of channels. Freshdesk is focusing on small and medium-sized businesses around the world.

 

 

 

Fuze
Equity raised: $200 million  
Estimated 2016 revenues: More than $150 million  
Fuze is irreplaceable for huge companies, as it helps consolidate their communications, whether voice, video or messaging, in the cloud.

 

 

Gigster
Equity raised: $12.5 million  
Estimated 2016 revenue: $30 million  
The service offers a platform where companies hire freelance software developers, designers and project managers. Gigster takes 25% of the fee. Among its users are such companies as IBM and MasterCard.

 

 

GoFundMe
Equity raised: At least $300 million  
Estimated 2016 revenue: $100 million 
Probably each of us has ever heard of GoFundMe – the world’s largest and most successful crowdfunding site. It takes 5% of all funds raised for what it calls “personal causes,” after charging a 2.8% fee for credit card processing and 0.30% per donation. The possibilities for raising money are really huge: from medical expenses and education costs to business and sport.

 

 

 

Guardant Health
Equity raised: $200 million  
Estimated 2016 revenue: $30 million  
The company offers painless blood test to cancer patients. The test monitors the progression of the disease and detects gene mutations that suggest which drugs should be used in treatment. Although Guardant’s test’s price is $5,800, the company negotiates with patients’ insurance plans.

 

 

 

HotelTonight
Capital raised: $81 million  
Estimated 2016 revenue: $60 million  
Last-minute hotel booking is easier now with HotelTonight. You don’t have to look through 500 offers anymore. The app proposes the most preferable 15 instead. What more, HotelTonight adds a markup of up to 20% to the discounted rates it gets from hotels in more than 2,500 cities and towns in North America and Europe.

 

 

 

InVision
Equity Raised: $135 million  
Estimated 2016 revenue: $40 million  
InVision sells software that makes it easy for designers to create prototypes for websites and apps that look like real products, without waiting for engineers to build back-end technology. Airbnb, Lyft, Netflix, Salesforce and Twitter have already tried its services.

 

 

 


Mark43
Equity raised: $41 million  
Estimated 2017 revenue: Upwards of $15 million  
The service is targeted to helping police run more efficiently and effectively with software and data analytics. Mark43 has recently won its first competitive bid to supply five departments in Los Angeles County. Its CEOs are members of the 2015 class of FORBES’ 30 Under 30.  

 

 

 

Opendoor
Equity raised: $110 million  
Estimated 2016 revenue: More than $50 million  
Opendoor provides a new way of buying and selling houses. Opendoor uses technology to come up with a price the home is worth, and buying it (taking an average 8% fee) immediately.

 

 

Owlet Baby Care
Equity raised: $15 million  
Estimated 2016 revenue: $20 million  
Baby health monitors produced by this company are a perfect gadget for parents who are always worried about their baby’s safety. The device relies on pulse oximetry, a measure used in hospitals, to alert parents if their baby stops breathing or suffers a spike or drop in heart rate. Its price for now is $250. 

 

 

Procore Technologies
Equity raised: $129 million  
Estimated 2016 revenue: $55 million 
The company sells construction management software that helps contractors keep track of their projects online or via mobile phone what helps reducing errors and cost overruns. 

 

 

 

Rubicon Global
Equity raised: $96 million  
Estimated 2016 Revenue: More than $300 million  
Rubicon matches independent garbage haulers and recyclers with large companies like grocers, restaurant chains and hotels, using its technology to schedule on-demand pick-ups. 

 

 

 

Rubrik
Equity raised: $112 million  
Estimated 2016 revenue: $50 million  
Rubrik sells software that makes it possible for companies to move and store terabytes of information between their on-site data centers and the cloud. For example if a server goes down, Rubrik can retrieve the data instantaneously. 

 

 


Sumo Logic
Equity raised:$160 million  
Estimated 2016 revenue: More than $50 million  
This start-up sells a cloud-based analytics service that delivers real-time insights. It works with firms across multiple industries to help them make sense of digital data they otherwise would have likely ignored. 

 

 

 

ServiceMax
Equity raised: $204 million  
Estimated 2016 revenue: $60 million  
ServiceMax automates the way field service workers like elevator repair people and oil rig workers do their jobs. Instead of doing several things and being distracted therefrom, workers can use ServiceMax’s software to track equipment maintenance and manage schedules. 

 

 

 

Sisense
Equity raised: $94 million  
Estimated 2016 revenue: $50 million  
Sisense sells analytics software that helps companies make sense out of huge volumes of data. Its clients include Motorola, General Electric, Target, Lockheed Martin and a range of small and medium-sized businesses. The company started in 2005 in Tel Aviv and now has offices in both Israel and New York. 

 

 

 

Talkdesk
Capital raised: $24 million  
Estimated 2016 revenue: $30 million  
Talkdesk sells subscription-based customer service software to a client base that jumped from 500 a year ago to 1,200 today. Now the customers list includes Dropbox, Box, Shopify and Peet’s Coffee. 

 

 

 

Tenable Network Security
Capital raised: $280 million  
Estimated 2016 revenue: $125 million 
The company offers software that allows its big enterprise clients scanning their computer networks for possible security breaches. Its focus: so-called vulnerabilities, where devices like mobile phones, cameras, desktop computers and tablets offer entry for hackers. 

 

 

 

Yapstone
Equity raised: $50 million  
Estimated 2016 revenue: $235 million 
Yapstone offers a secure online payment service for vacation and apartment rentals through clients like HomeAway and VRBO. While there’s lots of competition in the online payment space, including major players PayPal and Square, Yapstone’s focus has given it an edge. 

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