20 Growing IT Companies & Startups (2024)
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From the IoT to cybersecurity, information technology (IT) touches almost every aspect of business, government, finance, and beyond.
And despite being an “old” industry, the IT space still has plenty of innovators.
Read below for our list of the top 20 growing IT startups with bold visions of automating and innovating the tech infrastructure of the future.
1. Softr
5-year search growth: 3,500%
Search growth status: Regular
Year founded: 2019
Location: Berlin, Germany
Funding: $15.7M (Series A)
What they do: Softr is a no-code web development platform that allows users to build websites and web applications without writing a single line of code. The platform provides a drag-and-drop interface and a wide range of pre-built templates and integrations, making it easy to create custom web experiences quickly and efficiently.
Softr's goal is to democratize web development by making it accessible to everyone, regardless of technical expertise or experience. In 2023, the company grew from 100,000 to over 300,000 total users.
2. Adalo
5-year search growth: 4,150%
Search growth status: Regular
Year founded: 2018
Location: St. Louis, Missouri
Funding: $9.8M (Series A)
What they do: Adalo is a no-code app-building platform that allows users to create custom mobile and web applications without writing any code. Its drag-and-drop interface and pre-built templates enable users to create apps for various use cases quickly and easily, such as e-commerce, social media, or productivity apps.
Adalo democratizes app development and makes it accessible to everyone, enabling individuals and small businesses to create their own mobile and web applications without the need for specialized expertise or resources.
3. Meilisearch
5-year search growth: 9,400%
Search growth status: Exploding
Year founded: 2018
Location: Paris, France
Funding: $21.8M (Series A)
What they do: Meilisearch is an IT startup that provides an open-source, fast, and relevant search engine. Its platform can be easily integrated into any application or website, allowing users to search and retrieve relevant results quickly and accurately.
Meilisearch's solution is designed to help developers build powerful and efficient search capabilities for their applications without the need for complex infrastructure or specialized knowledge.
4. HackerOne
5-year search growth: 88%
Search growth status: Exploding
Year founded: 2012
Location: San Francisco, California
Funding: $159.4M (Series E)
What they do: HackerOne has a unique business model based on connecting hackers with large enterprises that are curious about their cybersecurity competency. Offering products ranging from compliance to attack surface testing, HackerOne’s solutions are used primarily by the financial services industry and in government.
5. Nodle
5-year search growth: 272%
Search growth status: Exploding
Year founded: 2017
Location: San Francisco, California
Funding: $36.3M (Initial Coin Offering)
What they do: Nodle is building a universal connectivity service for the IoT (Internet of Things), aiming to be low cost and low power. Using Bluetooth, Nodle has created a decentralized network that uses smartphones as an internet hub to power IoT devices.
Working in industries like supply chain, consumer electronics, and sensors/machines, Nodle also rewards participants that volunteer their devices to the network with “Nodle Cash”.
6. Coda
5-year search growth: 74%
Search growth status: Exploding
Year founded: 2014
Location: San Francisco, CA
Funding: $240M (Series D)
What they do: Coda recognized a gap in the collaboration and document space, creating a new blank “surface” that combines workflow applications, spreadsheets, and documents in one place.
With easy-to-use integrations with mainstream applications like Jira, Slack, GSuite, and more, Coda is aiming to be an all-inclusive digital workplace hub.
7. Airtable
5-year search growth: 93%
Search growth status: Regular
Year founded: 2013
Location: San Francisco, California
Funding: $1.4B (Secondary Market)
What they do: With over $270M funding in their latest round, Airtable is one of the most promising IT startups worldwide. Airtable is used by over 450,000 teams at leading organizations like Netflix, Time, Shopify, and Expedia.
Airtable brings the power of relational databases to life with their creative and colorful views of traditionally purely-functional spreadsheets. Users can build custom applications on top of their open-source software or create integrated automation that takes care of menial tasks.
8. MindsDB
5-year search growth: 6,200%
Search growth status: Regular
Year founded: 2017
Location: Berkeley, California
Funding: $54.4M (Seed)
What they do: MindsDB is an open-source automated machine learning platform that enables organizations to make predictions and gain insights from their data without requiring specialized data science expertise. Its platform uses natural language processing to create models from raw data in a user-friendly way, making it accessible for anyone to create accurate predictions.
MindsDB's mission is to democratize machine learning and make it available to everyone, enabling organizations to make better decisions and gain deeper insights from their data.
9. Illumio
5-year search growth: 56%
Search growth status: Exploding
Year founded: 2013
Location: Sunnyvale, California
Funding: $557.5M (Series F)
What they do: Illumio pioneered “adaptive segmentation” in IT security — being able to control each segment of security across platforms or clouds. If a serious breach happens, Illumio allows organizations to close the breach and isolate it, with a whole suite of advanced security tools to eliminate or assess threats.
10. OneTrust
5-year search growth: 138%
Search growth status: Regular
Year founded: 2016
Location: Atlanta, Georgia
Funding: $1.1B (Secondary Market)
What they do: OneTrust has created a one-stop-shop for privacy, security, and data governance used by companies like Oracle, Akamai, Aetna and more. By giving IT teams powerful data governance solutions that automate privacy compliance and monitor risks in real time, teams have a complete view of a company’s IT health with proactive suggestions.
With over $1.1B in funding, OneTrust has established itself as a market leader for IT security startups.
11. UserPilot
5-year search growth: 5,800%
Search growth status: Regular
Year founded: 2018
Location: Middletown, Delaware
Funding: $5.9M (Seed)
What they do: UserPilot’s business model centers around making an application’s user experience as friendly and welcoming as possible (primarily through personalization).
Growth Insights, Engagement Layer, and User Sentiment are the core products underneath the hood for UserPilot. More than 750 customers are currently using the UserPilot platform to build better product experiences.
12. Immuta
5-year search growth: 114%
Search growth status: Exploding
Year founded: 2015
Location: Boston, Massachusetts
Funding: $258.2M (Series E)
What they do: Governing data is one of the top priorities of organizations worldwide. Immuta plays in the world of automating data governance by providing a comprehensive platform that streamlines management and data security all in one place.
Used by leading financial institutions like Credit Suisse and S&P Global where data security is paramount, Immuta has forged a strong reputation within the data engineering community.
13. Cato Networks
5-year search growth: 206%
Search growth status: Exploding
Year founded: 2015
Location: Tel Aviv, Israel
Funding: $770M (Series Unknown)
What they do: Cato Networks is a SASE (Secure Access Service Edge) provider. In simple terms, they connect people, data, and different geographic locations together in one clear and unified network platform. Founded by a legend in the cybersecurity industry, Shlomo Kramer (Check Point Software), Cato has taken off and counts many of the world’s leading companies as customers.
Simplifying networks and security are one of the biggest challenges of IT teams today, and Cato is working on bridging that gap with their SASE platform.
14. Orca Security
5-year search growth: 480%
Search growth status: Regular
Year founded: 2019
Location: Portland, Oregon
Funding: $632M (Series C)
What they do: Orca recognized that over 60% of the cloud market is controlled by AWS (Amazon Web Services) Microsoft Azure, and Google Cloud. Off of that insight, Orca Security was born. Orca’s efficient platform provides top-of-the-line cloud security tools based on best practices, and their focus on only 3 providers allows deeper integration and functionality than competitors.
The unicorn startup was ranked 24th in CNBC's Disruptor 50 list in 2023.
15. Perimeter 81
5-year search growth: 355%
Search growth status: Regular
Year founded: 2018
Location: Tel Aviv, Israel
Funding: $165M (Series C)
What they do: After identifying the SAAS model as a highly profitable way to go to market, Perimeter 81 applied the same idea to network security, creating NaaS (Network as a Service). Perimeter 81 works as a single unified platform that can deploy secure cloud networks in minutes.
Fully cloud-native from inception, Perimeter 81 counts over 1,000 global customers worldwide and delivers a cost savings of over 50% when it comes to cloud security.
16. Demodesk
5-year search growth: -56%
Search growth status: Peaked
Year founded: 2018
Location: Munich, Germany
Funding: $10.6M (Seed)
What they do: Sales software has become increasingly important since remote work was deemed essential during the Covid-19 crisis. Demodesk seized the opportunity to build a remote-first cloud sales platform, creating a proprietary meeting interface that allows prospects to interact closely with the software during demos.
Deep integrations with all of the major CRM players mean that Demodesk can also automate calendars and many of the menial tasks that plague sales professionals today. Demodesk’s vision is to become the go-to platform for remote sales, providing the best experience for prospects and companies to connect and build relationships.
17. Clumio
5-year search growth: 65%
Search growth status: Peaked
Year founded: 2017
Location: Santa Clara, California
Funding: $186M (Series C)
What they do: Data backup and recovery are critical in an age where everything and everyone is data. Clumio keyed into AWS as the market leader and developed a backup as a service model that performs as a vital insurance blanket for organizations using AWS.
By focusing only on AWS Clumio is able to offer easy-to-use tools for clearly managing security and backups. This results in a lower total cost of ownership for running AWS as well as simplifying the security and management of a company’s AWS platform.
18. Alkira
5-year search growth: 20%
Search growth status: Regular
Year founded: 2018
Location: San Jose, California
Funding: $76M (Series B)
What they do: Similar to other cutting-edge startups on our list, Alkira has built a proprietary “Network Cloud”, that allows IT teams to draw a network on a unique digital design canvas that Alkira has developed, and get it running within minutes.
19. FusionAuth
5-year search growth: 488%
Search growth status: Exploding
Year founded: 2018
Location: Broomfield, Colorado
Funding: $65M (Undisclosed)
What they do: FusionAuth is an authentication and user management platform designed for developers. Unlike other platforms, FusionAuth offers a customizable alternative that can be self-hosted or deployed in the cloud. As of today, the startup has generated over 10 million downloads with thousands of customers.
20. Pulumi
5-year search growth: 692%
Search growth status: Exploding
Year founded: 2017
Location: Seattle, Washington
Funding: $98.5M (Series C)
What they do: Pulumi is a cloud engineering platform that allows developers to create, deploy, and manage infrastructure as code for multiple clouds, including AWS, Azure, and Google Cloud. Its infrastructure-as-code approach enables teams to define and manage cloud infrastructure using familiar programming languages, making it easier to create and manage cloud resources across different environments.
The platform aims to empower developers to build better cloud applications by providing a unified infrastructure-as-code platform that streamlines the cloud engineering process.
Conclusion
That concludes our list of some of the most promising global 2024 IT startups.
From zero trust cybersecurity to full cloud platforms for devops and self-maintaining IT ecosystems, the IT space still has plenty of room to grow.
Keep a close eye on these firms as they continue to scale and innovate in the IT industry.
