20 Rising Analytics Companies & Startups (2024)
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Every day, the world collectively generates around 1.145 trillion megabytes of data, ripe with hidden insights.
Advancements in analytics technology are helping us unlock the potential that these large datasets have to offer.
According to a Market Research Future report, the global analytics market is all set to hit $303.4 billion by 2030, at a CAGR of 27.6%.
The growth of the data analytics industry isn’t expected to slow down any time soon, especially with new companies entering the market. Out of those players, we’ve gathered and reviewed 20 of the best analytics startups worth following in 2024.
1. Databricks
5-year search growth: 614%
Search growth status: Exploding
Year founded: 2013
Location: San Francisco, CA
Funding: $4.2B (Series I)
What they do: Databricks offers enterprise-level unified analytics solutions. Their platform enables data science, data engineering, and business teams to collaborate and create data products. Databricks currently has around 10,000 customers.
2. Fivetran
5-year search growth: 348%
Search growth status: Exploding
Year founded: 2012
Location: Oakland, CA
Funding: $853.1M (Debt Financing)
What they do: Fivetran builds data pipelines that connect cloud applications with data warehouses. They offer over 160 connectors that make fresh, centralized data available for data scientists and analysts. Over 5,000 businesses are currently using FiveTran’s solutions, including JetBlue, Snowflake, Autodesk, and Okta.
3. Metricool
5-year search growth: 547%
Search growth status: Exploding
Year founded: 2015
Location: Madrid, Spain
Funding: $5.4M (Non-Equity Assistance)
What they do: Metricool is an analytics and social media management startup that helps businesses track and analyze their online presence. The platform offers a wide range of tools for monitoring social media performance, analyzing audience engagement, and creating detailed reports. With features such as scheduling, automated publishing, and hashtag analytics, Metricool enables businesses to optimize their social media strategy and reach more customers.
4. DoiT International
5-year search growth: 300%
Search growth status: Exploding
Year founded: 2011
Location: Santa Clara, CA
Funding: $100M (Series A)
What they do: DoiT International helps enterprises set up distributed data systems and machine intelligence solutions. Specifically, they build cloud-based big data systems with AWS, Microsoft Azure, and Google Cloud. According to their website, they have a team satisfaction rate of 98.7%. Currently, they support more than 3,000 customers in 70+ countries.
5. Pecan AI
5-year search growth: 2,000%
Search growth status: Peaked
Year founded: 2015
Location: Tel Aviv, Israel
Funding: $116M (Series C)
What they do: Pecan AI is an analytics startup that allows businesses to build predictive models using generative AI and machine learning. Their primary GenAI tool includes a Predictive Chat and Predictive Notebook feature that can perform various tasks like predicting customer demand to cut overstocking costs. Currently, Pecan AI processes 14+ trillion records daily.
6. AgriTask
5-year search growth: 2,122%
Search growth status: Peaked
Year founded: 2010
Location: Tel Aviv, Israel
Funding: $35.1M (Series B)
What they do: An agtech company, AgriTask offers a data-driven management platform for agricultural companies. Their solutions are designed to help their customers make fact-based, informed decisions about their businesses. AgriTask’s solutions are currently being used in more than 230,000 farms worldwide.
7. BioCatch
5-year search growth: -6%
Search growth status: Regular
Year founded: 2011
Location: Tel Aviv, Israel
Funding: $323.7M (Secondary Market)
What they do: BioCatch offers advanced insights into the behavior of digital customers through session monitoring. Their solutions are designed to ensure trust and eliminate friction from a customer’s digital identity lifecycle. The company claims that it helped a customer realize a $10M annual uplift in revenue with its solutions.
8. Featurespace
5-year search growth: -9%
Search growth status: Regular
Year founded: 2008
Location: Cambridge, UK
Funding: $107.9M (Grant)
What they do: Featurespace offers enterprise financial crime prevention through behavioral analytics. They do this through adaptive behavioral analytics and automated deep behavioral network technologies. According to their website, Featurespace helps protect more than 500 million consumers from financial risk.
9. Solidus Labs
5-year search growth: 1,900%
Search growth status: Peaked
Year founded: 2017
Location: New York, NY
Funding: $83.5M (Series B)
What they do: Solidus Labs is a market surveillance platform designed to help prevent fraud on digital asset exchanges, crypto trading services, and government agencies. They do this through trade and transaction monitoring, which enables customers to detect and investigate any suspicious activity. It is estimated that Solidus Labs earns $5M in annual revenue.
10. Kinetica
5-year search growth: 71%
Search growth status: Regular
Year founded: 2016
Location: San Francisco, CA
Funding: $77.4M (Series Unknown)
What they do: A streaming data warehouse, Kinetica offers both historical and streaming data analysis to large enterprises. Their platform also offers location intelligence and machine learning capabilities. The startup won the InfoWorld’s 2020 Technology of the Year award.
11. Tellius
5-year search growth: -16%
Search growth status: Regular
Year founded: 2016
Location: Reston, VA
Funding: $33M (Series B)
What they do: Tellius is an early-stage data analytics startup that offers an AI-driven business intelligence platform for companies in different verticals. Their main solutions include automated analysis, natural language search, machine learning algorithm modeling, and data preparation. Tellius claims that their solutions can potentially help increase conversions by 34%.
12. Coin Metrics
5-year search growth: 200%
Search growth status: Peaked
Year founded: 2017
Location: Boston, MA
Funding: $66.1M (Series C)
What they do: Coin Metrics offers crypto intelligence services to financial service providers. They do this through providing market data, indexes, and network risk solutions with the aim of helping their customers with sound decision-making. So far, the startup has been funded by 10 leading investors, including Fidelity Investments, Highland Capital Partners, and Castle Island Ventures.
13. Unsupervised
5-year search growth: 62%
Search growth status: Exploding
Year founded: 2017
Location: Boulder, CO
Funding: $53.5M (Series B)
What they do: An AI-based analytics platform, Unsupervised analyzes complex data to extract hidden insights. The platform can help enterprises in different industries make data-informed decisions on customer service, sales, and supply chain. The company claims that it helped a Fortune 500 retailer save $1M with supply chain optimization.
14. Contentsquare
5-year search growth: 182%
Search growth status: Exploding
Year founded: 2012
Location: Paris, France
Funding: $1.4B (Series F)
What they do: A martech company, Contentsquare specializes in providing digital experience analytics to brands. Their solutions are designed to help businesses understand behavior and improve the overall customer experience. More than 1,000 brands currently use Contentsquare.
15. Grafana
5-year search growth: 123%
Search growth status: Exploding
Year founded: 2014
Location: New York, New York
Funding: $535.2M (Series D)
What they do: Grafana is an open-source metrics dashboard for data visualization, monitoring, and analytics. The platform allows users to connect to multiple data sources to seamlessly create new charts, graphs, and alerts. In 2023, the startup announced it had surpassed 20 million total users.
16. Signal AI
5-year search growth: 488%
Search growth status: Exploding
Year founded: 2013
Location: London, UK
Funding: $101.6M (Series D)
What they do: Signal AI is a media-monitoring company that delivers business insights from digital, print, and broadcast mediums. Their AI-powered platform is designed to provide answers that can potentially help with PR, supply chain risk, and crisis management. The company has a long list of customers, including several Global Fortune 1000 companies.
17. Zencity
5-year search growth: -29%
Search growth status: Peaked
Year founded: 2015
Location: Tel Aviv, Israel
Funding: $51.2M (Series Unknown)
What they do: A GovTech startup, Zencity offers a civic engagement platform that links residents to the local government. Their solutions can help enable their customers (governments and law enforcement agencies) make data-driven decisions for improved city/county management. As of now, more than 350 cities and counties use Zencity’s solutions.
18. Cyclica
5-year search growth: 1,800%
Search growth status: Peaked
Year founded: 2013
Location: Toronto, Canada
Funding: $25.6M (Grant)
What they do: Cyclica is a biotechnology company that helps with data-driven drug discovery. Specifically, they help create pipelines that enable cross-organizational collaborations between pharmaceutical companies and research teams. Cyclica has partnered with many leading organizations, including Bayer, AstraZeneca, and the University of Toronto.
19. Dune Analytics
5-year search growth: 4,000%
Search growth status: Regular
Year founded: 2018
Location: Oslo, Norway
Funding: $79.4M (Series B)
What they do: Dune Analytics is a “community-driven” analytics database for querying and visualizing data on the Ethereum network. The platform currently hosts over 6,800 user-built dashboards. According to the startup’s co-founder, more than 4,000 analysts have already generated over 40,000 analyses via Dune Analytics. Last year, the startup saw 403% YoY growth in revenue when it hit approximately $35K in sales (Pitchbook). Dune Analytics has raised a total of $10M over two funding rounds.
20. ComplyAdvantage
5-year search growth: 77%
Search growth status: Regular
Year founded: 2014
Location: London, UK
Funding: $108.2M (Series C)
What they do: An AI company, ComplyAdvantage offers financial crime risk detection. They help identify potential acts of fraud using data collected through customer screenings, adverse information and media, and transaction screenings. ComplyAdvantage currently has over 1,000 customers.
Conclusion
That wraps up our list of the best analytics startups to keep an eye on in 2024.
From big data management platforms that leverage automation to cybersecurity startups that employ artificial intelligence and forecasting to prevent fraud, there is a lot of diversity in this massive sector.
It will be interesting to see what the next generation of big data analytics tech brings in the years to come.
