Get 4 new trends every week
Delivered to your inbox each Tuesday
See trends before they become trends
Trusted by 65,000 people
Insights, expert analysis, and more
Loved by over 65,000 people at companies like:

20 Rising Analytics Startups (2021)

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 $132,903.8 million by 2026, at a CAGR of 28.9%.

Furthermore, in 2022, global revenue from business analytics and big data companies is expected to reach $274.3 billion.

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 2021.

1. DoiT International

doit-international-min.png

5-year search growth: 1000%

Search growth status: Peaked

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 98.4%.

2. ComplyAdvantage

complyadvantage-min.png

5-year search growth: 428%

Search growth status: Peaked

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 500 customers.

3. Signal AI

signal-ai-min.png

5-year search growth: 111%

Search growth status: Peaked

Year founded: 2013

Location: London, UK

Funding: $51.6M (Series C)

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.

4. Coin Metrics

coin-metrics-min.png

5-year search growth: 5100%

Search growth status: Regular

Year founded: 2017

Location: Boston, MA

Funding: $22.9M (Series B)

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.

5. Logz.io

logzio-min.png

5-year search growth: -40%

Search growth status: Peaked

Year founded: 2014

Location: Boston, MA

Funding: $121.9M (Series E)

What they do: A SaaS company, Logz.io provides open-source analytics tools. Specifically, they offer solutions for log, tracing, and metric analytics to enterprise engineers. In 2018, Logz.io made it to the top 100 on the SaaS 1000 list, which ranks the fastest-growing SaaS companies.

6. AgriTask

agritask-ltd-min.png

5-year search growth: 4600%

Search growth status: Regular

Year founded: 2010

Location: Tel Aviv, Israel

Funding: $9.1M (Grant)

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

biocatch-min.png

5-year search growth: 600%

Search growth status: Peaked

Year founded: 2011

Location: Tel Aviv, Israel

Funding: $213.7M (Series C)

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

featurespace-min.png

5-year search growth: 240%

Search growth status: Peaked

Year founded: 2008

Location: Cambridge, UK

Funding: $107.9M (Series Unknown)

What they do: Featurespace offers enterprise financial crime prevention through behavioral analytics. They do this through adaptive behavioral analytics and automated deep behavioral networks technologies. According to their website, Featurespace helps protect more than 500 million consumers from financial risk.

9. Hummingbird Technologies

hummingbird-technologies-min.png

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2015

Location: London, UK

Funding: $17.6M (Series B)

What they do: Hummingbird Technologies is a satellite imagery and analytics company that serves agriculture businesses. Their AI remote sensing infrastructure helps agri-food companies with sustainability and predictive analytics. Hummingbird Technologies has worked with more than 100 enterprise customers so far.

10. Kinetica

kinetica-min.png

5-year search growth: 172%

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

tellius-min.png

5-year search growth: 100%

Search growth status: Peaked

Year founded: 2016

Location: Reston, VA

Funding: $17M (Series A)

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. Solidus Labs

solidus-labs-min.png

5-year search growth: 5900%

Search growth status: Regular

Year founded: 2017

Location: New York, NY

Funding: $23.5M (Series A)

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.

13. Unsupervised

unsupervised-min.png

5-year search growth: 107%

Search growth status: Regular

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

contentsquare-min.png

5-year search growth: 520%

Search growth status: Regular

Year founded: 2012

Location: Paris, France

Funding: $812M (Series E)

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 750 brands currently use Contentsquare.

15. Uptake Technologies

uptake-technologies-min.png

5-year search growth: 1100%

Search growth status: Regular

Year founded: 2014

Location: Chicago, IL

Funding: $218M (Series D)

What they do: Uptake Technologies offers predictive analytics and optimization products for industrial companies. Their solutions are designed to help improve asset performance, optimize workflows, and increase ROI. In 2019, Uptake made it to BloombergNEF’s list of New Energy Pioneers.

16. Zencity

zencity-technologies-ltd-min.png

5-year search growth: 1800%

Search growth status: Peaked

Year founded: 2015

Location: Tel Aviv, Israel

Funding: $21.2M (Non-Equity Assistance)

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 150 cities and counties use Zencity’s solutions.

17. Databricks

databricks-min.png

5-year search growth: 700%

Search growth status: Exploding

Year founded: 2013

Location: San Francisco, CA

Funding: $1.9B (Series G)

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 6,000 customers.

18. Cyclica

cyclica-min.png

5-year search growth: 300%

Search growth status: Peaked

Year founded: 2013

Location: Toronto, Canada

Funding: $23.8M (Series B)

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. UserTesting

usertesting-min.png

5-year search growth: 150%

Search growth status: Regular

Year founded: 2007

Location: San Francisco, CA

Funding: $152.7M (Grant)

What they do: A market research platform, UserTesting delivers real-time customer insights for new products and messaging. UserTesting says that they can obtain feedback within hours from actual customers, allowing marketers and PMs to make data-driven decisions. The company is trusted by the world’s leading companies, including Walmart, Microsoft, and Domino’s.

20. Fivetran

fivetran-min.png

5-year search growth: 1300%

Search growth status: Regular

Year founded: 2012

Location: Oakland, CA

Funding: $163.1M (Series C)

What they do: Fivetran builds data pipelines that connect cloud applications with data warehouses. They offer over 150 connectors that make fresh, centralized data available for data scientists and analysts. Over 2,000 businesses are currently using FiveTran’s solutions.

conclusion

That wraps up our list of the best analytics startups to keep an eye on in 2021.

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.

Last Updated: 
May 28, 2021
Josh Howarth
Co-founder of Exploding Topics.

Get Weekly Trending Topics

Our best Exploding Topics, plus expert analysis.

548 Market St. Suite 95149
San Francisco, California
privacyterms
© 2021  Exploding Topics