72 startups that will boom in 2020, according to vcs€¦ · of what silicon valley thinks is hot....
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72 startups that will boom in 2020,according to VCsJulie Bort Jan 22, 2020, 6:30 AM
Shutterstock/8zkes
We asked a group of investors at successful venture capital @rmsto name the startups that will boom this year.
Search BI and the web using Microsoft Bing
to name the startups that will boom this year.
Each VC was asked to name two startups: one that they or their@rm invested in, and one where they have no @nancial ties or anyother interest, but believes will do well.
The result is an exciting list of startups to watch in 2020 from thepeople who make their livings watching startups.
Whether you are looking for a hot startup to join as an employeeor looking out for tech trends, this list will serve as an indicationof what Silicon Valley thinks is hot.
Click here to read more BI Prime stories.
2020 is upon us and one of the best ways to see what the year holds
for the tech industry is to ask the venture capitalists that fund,
advise and hear pitch after pitch from tech startups.
In that spirit, we reached out to a select group of successful venture
capital =rms and asked them name the startups that are poised to
have very good years.
When we spoke to each VC, we set some ground rules for
participation:
B. The VC must tell us about one startup in their portfolio. After all,
they believed in the startup in question enough to fund them.
F. And they must also tell us about one startup where they have no
=nancial ties or any other interest. After all, they can't invest in
every single cool-sounding startup.
The result is a fascinating list of companies to watch, ranging from
tiny, seed stage to under-the-radar growth companies, organized
alphabetically. We've noted each startup's estimated total funding to
date based on the info from deal database Pitchbook. In the event
that we could not determine total funding from Pitchbook, we've
included what funding info we could.
Here are the 72 startups that they named:
1Password: Password management for people andcompanies
Startup: 1Password
VC: Ethan Choi, Accel
Relationship: Investor
Total funding raised: $200 million
What it does: OOers a password manager for consumers and
enterprises.
Why it will boom in 2020: "1Password is seeing explosive traction
in the enterprise because users love the product and bring it into the
workplace, bottoms-up. In just three short years since launching its
enterprise product and with very little marketing and sales,
1Password has built a customer base of over 50,000 enterprise
customers and millions of paid users," Choi says.
Ethan Choi, Accel Accel
Abnormal Security: AI-powered cloud email security
Startup: Abnormal Security
VC: Saam Motamedi, Greylock Partners
Relationship: Investor
Total funding raised: $24 million
Saam Motamedi, Greylock Greylock
What it does: OOers AI-powered cloud email security to stop known
and unknown threats.
Why it will boom in 2020: "According to the FBI, business email
compromise is the No. 1 cyber crime for enterprises," says
Motamedi. "Unlike other enterprise solutions, their technology
models the identity of users, graphs their relationships and analyzes
content to stop attacks that bypass other solutions."
Abstract: Collaboration tools for design teams
Startup: Abstract
VC: Jomayra Herrera, Cowboy Ventures
Relationship: Investor
Total funding raised: $54.25 million
What it does: Provides collaboration and version control for design
teams.
Why it will boom in 2020: "Unlike engineers who have tools like
GitHub to keep track of their work, designers have historically been
left to manually track changes," says Herrera. "Abstract identi=ed
this gap and is quickly becoming the go-to place for design teams
who want to move faster and collaborate better," she says.
Accolade: Understand employee bene@ts
Jomayra Herrera, Cowboy Ventures Cowboy Ventures
Startup: Accolade
VC: Steve Singh, Madrona Venture Group
Relationship: Madrona is an investor in Accolade, via Matt
McIlwain; the CEO of Accolade is Steve Singh's brother.
Total funding raised: $240.34 million
What it does: Software that helps companies and employees
understand, use and manage their healthcare bene=ts.
Why it will boom in 2020: Accolade "radically improves the
capacity to consume the right healthcare services," says Singh.
Concur CEO Steve Singh LinkedIn/Steve Singh
AirGarage: Tech for parking garages
Startup: AirGarge
VC: Shaun Maguire, Sequoia Capital
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $2 million
Shaun Maguire, Sequoia Sequoia
What it does: AirGarage provides tech for parking garage
companies that lets them sell spaces and enforce parking
regulations without an attendant on duty.
Why it will boom in 2020: "Parking makes up a large fraction of
the urban footprint of cities and it's currently ine`ciently utilized,"
says Maguire.
AMP Robotics: Robots for the dirty, unwanted job atrecycling centers
Startup: AMP Robotics
VC: Shaun Maguire, Sequoia Capital
Relationship: Investor
Total funding raised: $22.58 million
What it does: Builds robots for the recycling industry that sorts
through recycling.
Why it will boom in 2020: "AMP Robotics was born from the
insight — all the way back in 2012 — that deep learning will
commoditize computer vision, and computer vision + robotic arms
is the future of automation," says Maguire.
He says recycling was the =rst choice for the company because it
involves "some of the dirtiest and most dangerous jobs" that few
people want to do, creating a labor shortage. "It's also good for the
planet."
Auth0: Handling sign-in security for developers
Shaun Maguire, Sequoia Sequoia
Startup: Auth0
VC: S. Somasegar, Madrona Venture Group
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $213.47 million
What it does: Auth0 provides authentication and authorization
security as a service used by developers for their applications.
Why it will boom in 2020: "Auth0 has built an elegant solution to
S. "Soma" Somasegar Madrona Venture Group
Why it will boom in 2020: "Auth0 has built an elegant solution to
solve this problem for all kinds of developers across all kinds of
applications," says S. Somasegar, adding: "Their developer-=rst and
ease-of-use approach is a work of art."
Benchling: Collaboration for drug researchers
Startup: Benchling
VC: Brian Feinstein, Bessemer Venture Partners
Brian Feinstein, Bessemer Venture Partners Bessemer Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $61.8 million
What it does: Collaboration and data management platform for
drug development.
Why it will boom in 2020: "Benchling is helping researchers at
pharmaceutical companies better collaborate and manage their
research data internally. They are working with some of the largest
biopharma companies in the world," says Feinstein.
Bevi: Make your own Wavored water
Startup: Bevi
VC: Kent Bennett, Bessemer Venture Partners
Relationship: Investor
Total funding raised: $64.03 million
What it does: A smart water machine that pours still, sparkling, and
havored water on demand.
Why it will boom in 2020: "What if MIT geniuses dedicated their
lives to make your o`ce water cooler delightful and cheaper than
existing o`ce beverage solutions? That's Bevi," says Bennett. "The
company is growing incredibly quickly."
Calm: Meditation app moving into mental health
Kent Bennett, Bessemer Venture Partners Bessemer Venture Partners
Startup: Calm
VC: Nicole Quinn, Lightspeed Venture Partners
Relationship: Investor
Total funding raised: $143.63 million
What it does: Calm is a popular meditation app, featuring
partnerships with celebrities including Matthew McConaughey and,
more recently, Lebron James.
Why it will boom in 2020: "Calm now has a full mental health
oOering with meditation, yoga, masterclasses and sleep stories.
Often called 'the Matthew McConaughey app,' and with their latest
LeBron James partnership, Calm has successfully leveraged
Nicole Quinn Lightspeed
LeBron James partnership, Calm has successfully leveraged
celebrities to reach new audiences," says Quinn.
Catch: Bene@t management for the self-employed
Startup: Catch
VC: Evan Moore, Khosla Ventures
Relationship: Investor
Even Moore, Khosla Ventures Even Moore
Total funding raised: $6.22 million
What it does: Catch oOers health insurance, retirement planning,
and tax withholding planning to self-employed workers and those
without employer bene=ts.
Why it will boom in 2020: "It's crazy that bene=ts are still tied to
employment. Catch is the =rst portable bene=ts platform built for
freelancers, contractors, part-time, and other non-traditional
workers, and they've seen signi=cant momentum over the past
year," says Moore.
Clari: Intelligent revenue analysis
Startup: Clari
VCs: S. Somasegar and Steve Singh, Madrona Venture Group
Relationship: Investors
Total funding raised: $121 million
What it does: Ingests data from a company's enterprise apps then
uses AI for revenue analysis and forecasting.
Why it will boom in 2020: "More enterprises are looking to have a
top-level leader who looks holistically at all aspects of revenue
operations," says Somasegar. "Customer traction has set the
foundation for a breakthrough in the next year and beyond.
"I have found that Clari is more accurate that the sales rep, sales
manager, or the VP of Sales in predicting how the business will
perform in the quarter," adds Singh.
Deliverr: Warehousing and delivery service for hire
S. "Soma" Somasegar Madrona Venture Group
Startup: Deliverr
VC: Talia Goldberg, Bessemer Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $70.1 million
What it does: Built a network of warehouses and AI powered
software that allows any ecommerce seller to oOer fast delivery of
items to customers.
Talia Goldberg, Bessemer Venture Partners Bessemer Venture Partners
Why it will boom in 2020: "Deliverr is creating Amazon Prime for
everyone else," says Goldberg, adding that the company has built "a
sophisticated ful=llment network that enables any merchant to
access fast and aOordable two-day shipping."
Divvy: A new way to @nance a home
Startup: Divvy
Nicole Quinn Lightspeed
VC: Nicole Quinn, Lightspeed Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $180 million
What it does: Divvy is a real estate and mortgage company that
buys the home and rents it back to the customer, with a portion of
the monthly rent set aside as a down payment to one day buy the
house themselves.
Why it will boom in 2020: "After a decade long bull market run,
many are priced out of home ownership. Divvy turns your monthly
rent payments into a down payment, allowing home ownership for
those who could not otherwise it," says Quinn.
Doximity: A business social network for medicalprofessionals
Startup: Doximity
VC: Sean Jacobsohn, Norwest Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $81.80 million
What it does: A business and professional social network for
medical professionals which also lets them get continuing
education credits for reading medical journals from their phones.
Why it will boom in 2020: "It now has over 70% of all doctors on
the platform," says Jacobsohn. The company says it has more than 1
million users.
Sean Jacobsohn, Norwest Venture Partners Norwest Venture Partners
DoNotPay: A robot lawyer
Startup: DoNotPay
VC: Evan Moore, Khosla Ventures
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $4.6 million
What it does: OOers a robot lawyer that lets people easily do things
Even Moore, Khosla Ventures Even Moore
like appeal parking tickets or sue companies over =nes and
penalties.
Why it will boom in 2020: "Consumers today want to hold
companies accountable for their practices, and DoNotPay gives
everyone the tools to do so. For example, you can sue Comcast,
recoup hidden bank fees, and =ght parking tickets. I'm particularly
impressed with this team's speed of releasing new products," says
Moore.
Eight Sleep: A bed loaded with sleep technology
Startup: Eight Sleep
VC: Trae Stephens, Founders Fund
Relationship: Investor
Total funding raised: $73.86 million
What it does: Makes a smart mattress loaded with sleep technology
such as dynamic thermal controls, personalized analytics, and sleep
coaching.
Why it will boom in 2020: While direct-to-consumer mattress
companies are in vogue right now, Eight is "tackling core issues
people face with sleep to actually help them improve =tness in this
core area of health. I was a user before I became and investor and
have become a total believer in what they are doing," Stephens says.
Eternal: Avatar social network expected to launch thisyear
Trae Stephens, Founders Fund Founders Fund
Startup: Eternal
VC: Andy Weissman, Union Square Ventures
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $1.1 million, according to an SEC =ling.
What it does: Still in stealth but reportedly building an avatar
game/gaming social network, according to LA TechWatch.
Why it will boom in 2020: Founder Reggie James has somewhat of
a cult following in the LA and New York startup scene for his
newsletter Product Lost, helped by his role at Jump Bikes before it
was acquired by Uber.
Andy Weissman, Union Square Ventures Getty/Jemal Countess
"The founder Reggie writes so eloquently about technology and
humanity that I have to think it will be interesting," Weissman says.
Evervault: Bakes data privacy into apps
Startup: Evervault
VC: Shardul Shah, Index Ventures
Shardul Shah, Index Ventures Index Ventures
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $3.2 million
What it does: Allows developers to integrate data privacy into their
apps using simple developer tools.
Why it will boom in 2020: "Data privacy made simple," says Shah.
"The best chance for private data to be treated with respect is to
make data privacy super simple to implement."
Figma: Collaboration tool for web design teams.
Startup: Figma
VC: Ethan Kurzweil, Bessemer Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $82.87 million
What it does: Figma is a cloud-based collaboration tool for web
design teams.
Why it will boom in 2020: "Figma has become the leading web-
based design tool," Kurzweil says. "Designers can easily collaborate
on designs Google Docs-style, and version control is no longer a
tangle of emails, =le names, and frustration over internal conhicts."
Flyhomes: The realtor that buys the homes and @ndsthe mortgage
Ethan Kurzweil, Bessemer Venture Partners Bessemer Venture Partners
Startup: Flyhomes
VC: Elisa La Cava, Madrona Venture Group
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $158 million
What it does: A real estate agent that helps people buy and sell
homes by oOering =nancially-backed guarantees that lets
homebuyers make a cash oOer, then helps with the =nancing.
Why it will boom in 2020: "I used Flyhomes when I bought my
house," says La Cava. "It is oOering a new kind of =nancial hexibility
for homebuyers that has never been seen before. Flyhomes quickly
made a name for itself with its incredibly successful =rst product –
Elisa La Cava, Madrona Venture Group Madrona Venture Group
made a name for itself with its incredibly successful =rst product –
helping the average Joe make an all-cash oOer by =rst fronting the
cash and then helping 'Joe' secure a traditional mortgage on the
back end."
The company is now expanding into new services and new markets,
La Cava says.
Grafana: Popular open source analytics and monitoringsoftware
Gaurav Gupta, Lightspeed Venture Partners Lightspeed Venture Partners
Startup: Grafana
VC: Gaurav Gupta, Lightspeed Venture Partners
Relationship: Investor
Total funding raised: $25.23 million
What it does: OOers a popular open source analytics and
monitoring software for IT infrastructure.
Why it will boom in 2020: "Walk into any enterprise that needs to
monitor IT infrastructure and applications today, and there's a very
good chance you'll bump into someone using Grafana," says Gupta.
"With over 400,000 active installations and millions of users, it's
arguably the most popular open source project for time series data,
metrics, and monitoring," he says.
HashiCorp: Popular tools for cloud admins and appdevelopers
Startup: HashiCorp
VC: Arif Janmohamed, Lightspeed Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $174.53 million
What it does: OOers a number of popular infrastructure products
that lets enterprise developers ditch legacy applications, move to
the cloud, and build cloud applications.
Why it will boom in 2020: "The HashiCorp product suite for
enterprise infrastructure has gained incredible traction among
developers and helps companies adopt the cloud and build modern
applications," says Janmohamed.
Arif Janmohamed, Lightspeed Venture Partners Lightspeed
Headway: Making mental health services moreaccessible
Startup: Headway
VC: Amit Kumar, Accel
Relationship: Investor.
Amit Kumar, Accel Accel
Total funding raised: $6.29 million
What it does: Headway helps patients =nd mental health therapists
who accept their health insurance.
Why it will boom in 2020: "It's no secret the country is having a
mental health crisis, but what makes it especially painful is that care
is unaOordable for most who suOer from this disease. Headway's
thoughtful approach allows it to help the maximum number of
patients," Kumar says.
Highspot: Sales and marketing software
Startup: Highspot
VC: Tim Porter, Madrona Venture Group
Relationship: Investor
Total funding raised: $212.2 million
What it does: OOers a broad suite of sales and marketing software,
serving a market known as sales enablement.
Why it will boom in 2020: "Their customers love them," says
Porter, adding, "the sales enablement market is hot and companies
have realized they need a system of intelligence to help guide their
salespeople on what to know, say and show to their customer
prospects to maximize sales."
Incredible Health: Job-hunting for nurses
Tim Porter, Madrona Venture Partners Madrona Venture Partners
Startup: Incredible Health
VCs: Jomayra Herrera, Cowboy Ventures and Jana Messerschmidt,
Lightspeed Venture Partners
Relationship: No relation. VCs just think it's cool.
Total funding raised: $17.41 million
What it does: A job-hunting site for nurses.
Why it will boom in 2020: "With the projected shortage in nurses
in the US, Incredible Health plays an important role in ensuring
hospitals are well positioned to =ll job vacancies with high-quality
Jomayra Herrera, Cowboy Ventures Cowboy Ventures
hospitals are well positioned to =ll job vacancies with high-quality
candidates quickly," says Herrera, adding that the company has
helped hospitals reduce average hiring time from 90 days to 30 days.
"2020 may become the year for the unbundling of LinkedIn with
more startups focusing on vertical labor marketplaces," says
Herrera.
Joby Aviation: Electric Wying cars
Byron Deeter, Bessemer Venture Partners Bessemer Venture Partners
Startup: Joby Aviation
VC: Byron Deeter, Bessemer Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $718.3 million
What it does: Developing a new class of electric, personal four-
person aircraft that's like a cross between a helicopter, airplane, and
EV hying car.
Why it will boom in 2020: "Joby is one of the many electric
Vertical Take-oO and Landing (eVTOL) mobility companies aiming
to =nally bring us hying cars," says Deeter. "I'm eager for this entire
class of companies to bring product to market, and =nally make this
Jetson-era dream a reality!"
Beyond developing the vehicle, the whole hying-car industry will
have to build everything from EV charger networks, to AI tools, to
governance for regulators, he notes.
Knotch: Helping assess the e^ectiveness of contentmarketing
Startup: Knotch
VC: Steve Singh, Madrona Venture Group
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $34.28 million
What it does: Helps marketeers measure the eOectiveness of their
ads, including branded content-type advertising.
Why it will boom in 2020: "Great growth, incredible CEO," says
Singh, referring to Anda Gansca, cofounder and CEO of Knotch.
Concur CEO Steve Singh LinkedIn/Steve Singh
LaunchDarkly: Continuous new features launchedsafely
Startup: LaunchDarkly
VC: Amanda Robson, Cowboy Ventures and Ethan Kurzweil,
Bessemer Venture Partners
Amanda Robson, Cowboy Ventures Cowboy Ventures
Relationship: Kurzweil is an investor. Robson has no relationship,
just thinks it's cool.
Total funding raised: $132.84 million
What it does: LaunchDarkly helped pioneer what's known as a
feature management platform, where DevOps teams can quietly test
new features in their live environments before rolling them out to
production environments.
Why it will boom in 2020: "Developers want to spend their time
building new features, not testing for bugs. LaunchDarkly gives
them tools for exactly this," says Robson.
"LaunchDarkly is a feature management platform that has come to
de=ne its market, becoming the de facto standard in deploying
product changes through hags...while also allowing for secondary
use cases including canary testing and A/B testing," says Kurzweil.
Legion: AI-powered help for hourly workforces
Startup: Legion
VC: Sean Jacobsohn, Norwest Venture Partners
Relationship: Investor
Total funding raised: $10.5 million
What it does: AI powered HR tool geared toward companies with
hourly workforces.
Why it will boom in 2020: "Hourly workers are more than half of
the workforce, but until now haven't had access to a workforce
management platform that's cloud-based, mobile-=rst, and AI-
powered," says Jacobsohn.
Sean Jacobsohn, Norwest Venture Partners Norwest Venture Partners
Level: self-funded dental insurance made easy
Startup: Level
VC: Angela Strange, Andreessen Horowitz and Jana Messerschmidt,
Lightspeed Venture Partners
Relationship: Messerschmidt is an investor. Strange has no
relationship, just thinks it's cool.
Angela Strange, Andreessen Horowitz a16z
Total funding raised: $3.8 million
What it does: Helps small- and medium-sized businesses provide
self-funded dental insurance.
Why it will boom in 2020: "Imagine a best-in-class consumer
experience across multiple categories created by a team deep in
insurance, payments and consumer experiences," says Strange.
"Supplemental bene=ts represent a fragmented $240 billion
industry that hasn't changed much in the last two decades," says
Messerschmidt.
Lever: Recruiting software that focuses on people
Startup: Lever
VC: Aileen Lee, Cowboy Ventures
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $72.8 million
What it does: OOers recruiting software that helps companies ease
the hiring process.
Why it will boom in 2020: "Recruiting can be so manual and
require so much time and wasted eOort. Lever streamlines that
process to enable hiring managers focus on people, not process,"
says Lee.
Lee also notes that Lever founder and CEO Sarah Nahm is a leader
in All Raise, a VC networking organization for women, and is
becoming known as a role model in Silicon Valley.
Aileen Lee, Cowboy Ventures International Business Times/Kleiner Perkins Cau8eld & Byers
Lexion: AI-enabled contract management software
Startup: Lexion
VC: Elisa La Cava, Madrona Venture Group
Relationship: Investor
Total funding raised: $4.2 million
What it does: Lexicon oOers AI-enabled contract management
Elisa La Cava, Madrona Venture Group Madrona Venture Group
software that can organize contracts, read them and extract terms.
Why it will boom in 2020: "Lexion is a natural language processing
powerhouse that helps large and mid-size companies understand
the thousands of contracts they have with their vendors and
customers," says La Cava.
Lightstep: Watching apps, @xing problems
Amanda Robson, Cowboy Ventures Cowboy Ventures
Startup: Lightstep
VC: Amanda Robson, Cowboy Ventures
Relationship: Investor
Total funding raised: $70 million
What it does: Helps developers =nd and =x bugs and performance
problems across mobile apps, classic apps and newfangled micro-
services apps.
Why it will boom in 2020: "Software is moving towards more
scalable architectures that use microservices; this new format
requires new management tools such as Lightstep for APM," says
Robson.
Linear: Easy-to-use bug-tracking
Startup: Linear
VC: Stephanie Zhan, partner at Sequoia Capital
Relationship: Investor
Total funding raised: $4.2 million
What it does: OOers an easy-to-use tool for software developers to
track bugs and other issues.
Why it will boom in 2020: "Founders Karri, Jori, and Tuomas have
special empathy for today's builders. They are focused on building a
tool for them, and it's exciting to see the amount of product love
from the community already," says Zhan.
Stephanie Zhan, Sequoia Capital Sequoia
Mahmee: End-to-end care for pregnancy
Startup: Mahmee
VC: Julie Yoo, Andreessen Horowitz
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $4.14 million
What it does: An online service for prenatal and postpartum
Julie Yoo, Andreessen Horowitz Andreessen Horowitz
healthcare that physicians and specialists can use to share patient
info and that mothers can use to track health records.
Why it will boom in 2020: Yoo sees a trend of using technology to
drive down the cost of healthcare, particularly in "sub-populations
of patients who traditionally have represented high-cost, high-
variance care." Mahmee helps one of those groups: "Pregnancy is the
top reason for hospitalization amongst women, and maternity-
related spending has experienced double-digit increases in recent
years," she says.
Materialize: Instant results when sifting Big Data
Startup: Materialize
VC: Saam Motamedi, Greylock Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $8.5 million Series A
What it does: OOers a tool that allows developers to get instant
results from searching big data warehouses, that works with popular
open source big data software.
Why it will boom in 2020: "Traditional data warehousing is a huge
and critical market with customers in every industry. As streaming
and real-time data volumes explode, Materialize is building the =rst
data warehouse for this type of data," says Motamedi.
Meet Cute: RomCom podcasts as a new form of @ction
Saam Motamedi, Greylock Greylock
Startup: Meet Cute
VC: Andy Weissman, Union Square Ventures
Relationship: Investor
Total funding raised: Undisclosed seed investment
What it does: Meet Cute is Weissman's brainchild, launched out of
USV earlier this year and led by former USV analyst Naomi Shah as
CEO and by USV founder Fred Wilson's daughter Emily Wilson.
Meet Cute creates short, 15-minute audio =ction stories in podcast
form, primarily focused on romantic comedies.
Andy Weissman, Union Square Ventures Getty/Jemal Countess
form, primarily focused on romantic comedies.
Why it will boom in 2020: "Because stories centered around
human relationships are wonderful and delightful and =ll us with
hope," Weissman says.
Modern Animal: Tech-enabled vet care for pets
Startup: Modern Animal
Founders Fund VC Scott Nolan Twitter/@ScottNolan
VC: Scott Nolan, Founders Fund
Relationship: Investor
Total funding raised: $13.5 million
What it does: OOers tech-enabled veterinary services on a
subscription basis for an annual membership fee of $100.
Why it will boom in 2020: "Modern Animal is the only company
taking a clean-sheet approach to all of veterinary care, bringing
modern technology and innovations we've seen in human
healthcare to animal healthcare. The co-founders previously ran a
pet health company, Whistle, which was acquired by Mars Petcare in
2016," says Nolan.
Moveworks: AI-powered IT support
Startup: Moveworks
VC: Ted Wang, Cowboy Ventures and Arif Janmohamed, Lightspeed
Venture Partners
Relationship: Janmohamed is an investor. Wang has no
relationship, just thinks it's cool.
Total funding raised: $108.15 million
What it does: OOers AI-enabled, automated IT support.
Why it will boom in 2020: "AI is starting to see mainstream
adoption in the enterprise and Moveworks is a great example of a
company that's found a strong business use case by reducing the
number of IT service tickets," says Wang.
"The Moveworks AI product resolves enterprise users' problems via
chat, instantly and automatically," says Janmohamed. "It's
magical!"
Ted Wang, Cowboy Ventures Cowboy Ventures
Mutiny: Using AI to personalize websites
Startup: Mutiny
VC: Aileen Lee, Cowboy Ventures
Relationship: Investor
Total funding raised: $3.12 million
Aileen Lee, Cowboy Ventures International Business Times/Kleiner Perkins Cau8eld & Byers
What it does: OOers an AI based platform that lets marketers
automatically personalize websites to each visitor, without coding.
Why it will boom in 2020: "It was built by the former head of
marketing at Gusto - born out of a realization that tech could be
built to automate personalization," says Lee, adding that this is an
area of AI in the enterprise that can "provide a direct business ROI."
Neuralink: Elon Musk's big bet on merging brains andcomputers
Startup: Neuralink
VC: Scott Nolan, Founders Fund
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $158 million
What it does: Neuralink is yet another company founded by Elon
Musk, best known as the CEO of Tesla and chief engineer and
founder of SpaceX. It is developing brain-machine interfaces that
can be implanted into the human body.
Why it will boom in 2020: "Neuralink's technology has the best
chance of curing multiple neurological diseases, increasing the
bandwidth between humans and machines, and someday enabling
symbiosis with arti=cial intelligence," Nolan said.
Notion Labs: Productivity apps for the modern era
Founders Fund VC Scott Nolan Twitter/@ScottNolan
Startup: Notion Labs
VC: Andrew Chen, Andreessen Horowitz
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $18.7 million
What it does: OOers a suite of productivity apps for teams or
individuals that includes notes, wikis, collaborative documents, and
task tracking.
Why it will boom in 2020: "Great startups are about great
products, =rst and foremost, and I really admire how the team is
deeply led by design/UX from the very beginning. Notion's app is
simple but powerful, with lots of subtle upgrades from other note-
Andrew Chen, Andreessen Horowitz Andreessen Horowitz
taking and productivity tools," Chen says.
"The product is on a strong trajectory, and if the company succeeds,
it could build this generation's center for all their work. We expect
big things from Notion," he adds.
On Running: Swiss scientists design running shoes
Startup: On Running
Kent Bennett, Bessemer Venture Partners Bessemer Venture Partners
VC: Kent Bennett, Bessemer Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $3.98 million angel round
What it does: A Swiss company that makes high-performance
running shoes.
Why it will boom in 2020: "Swiss engineers designed a sole that
eliminates excess volume – thus they're the lightest and most
comfortable performance running shoe I've ever worn," says
Bennett. "Distinctive enough to be noticed (driving word of mouth)
without looking so weird that you feel like you're in the cast of
Silicon Valley."
OneSignal: Push noti@cations made easy
Startup: OneSignal
VC: Martin Casado, Andreessen Horowitz
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $34.29 million
What it does: OOers a communication service that handles push
noti=cations like mobile alerts, web alerts, emails, and in-app pop-
up messages.
Why it will boom in 2020: "Started from gaming industry and
mobile, the company has expanded to broader market and spanning
across web, email channels," says Casado. "Today OneSignal is used
by 1 million developers and sending billions of messages on a daily
basis."
Martin Casado, Andreessen Horowitz Andreessen Horowitz
Papaya Global: Cross-border payroll
Startup: Papaya Global
VC: Talia Goldberg, Bessemer Venture Partners
Relationship: Investor
Total funding raised: $50.5 million
Talia Goldberg, Bessemer Venture Partners Bessemer Venture Partners
What it does: Manages global payroll, including cross-border
payments for contractors.
Why it will boom in 2020: "Companies need access to the best
talent without being restricted by geography. Papaya makes it easy
for teams to hire, pay, and manage workers across the globe," says
Goldberg.
PatientPing: A way to share medical records
Julie Yoo, Andreessen Horowitz Andreessen Horowitz
Startup: PatientPing
VC: Julie Yoo, Andreessen Horowitz
Relationship: Investor
Total funding raised: $102.95 million
What it does: PatientPing oOers a service that allows all of a
patient's healthcare providers to keep the others updated so the
patient gets better care.
Why it will boom in 2020: "Many health providers still encounter
huge blind spots in knowing what happens to their patients outside
of the four walls of their practice," says Yoo. "As the majority of
reimbursement continues to move towards value-based care
models, where providers assume =nancial risk for high-cost
episodes of care, companies like PatientPing will be necessary to
serve as the connective tissue."
Pilot: A bookkeeping service with real people
Startup: Pilot
VC: Mark Goldberg, Partner at Index Ventures
Relationship: Investor
Total funding raised: $58.3 million
What it does: OOers accounting software and services for startups,
including access to a human account manager.
Why it will boom in 2020: "With a combination of technology and
people, Pilot has created a 10x product and is building a massive
new =ntech platform around it," says Goldberg.
Mark Goldberg, Index Ventures Index Ventures
Preset: Commercial support for Apache Superset
Startup: Preset
VC: Martin Casado, Andreessen Horowitz
Relationship: Investor
Total funding raised: $12.5 million
Martin Casado, Andreessen Horowitz Andreessen Horowitz
What it does: Preset is the company started by the creator of
Apache Superset, a popular open source project for data analytics
and visualization, oOering commercial support for the software.
Why it will boom in 2020: "Superset is one of the most popular
open source projects in the world, and it's growth is buoyed by
raising importance of data in guiding business decisions," says
Casado. Casado sees Superset as a way to bring data analysis to
teams in every part of the company, not just business analyst
specialists.
Productboard: A helper for product teams
Startup: Productboard
VC: Byron Deeter, Bessemer Venture Partners
Relationship: Investor
Total funding raised: $64.7 million
What it does: A cloud-based product management system that
helps product teams prioritize and build the features customers
most want and need.
Why it will boom in 2020: "Companies are increasingly looking to
become product-led, and Productboard is the system of record for
high performing product organizations," said Deeter.
Productiv: Helps CIOs track app usage
Byron Deeter, Bessemer Venture Partners Bessemer Venture Partners
Startup: Productiv
VC: Rama Sekhar, Norwest Venture Partners
Relationship: Investor
Total funding raised: $28 million
What it does: OOers tools that helps CIOs see how employees are
using cloud software, also called software as a service (SaaS).
Why it will boom in 2020: "Productiv is pioneering a new category
called Application Engagement Analytics that enables CIOs to take
complete stock of their SaaS subscriptions, rightsize any license
wastage, and measure the productivity gains being promised by all
Rama Sekhar, Norwest Venture Partners Norwest Venture Partners
wastage, and measure the productivity gains being promised by all
this spending on SaaS," Sekhar says.
It also helps track usage of apps that employees buy themselves and
"CIOs are in dire need of better visibility into all the SaaS apps their
users are buying," he says
Pulse Q&A: A community for tech execs
Startup: Pulse Q&A
Rama Sekhar, Norwest Venture Partners Norwest Venture Partners
VC: Rama Sekhar, Norwest Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $10.81 million
What it does: OOers crowdsourced data and a community for tech
executives that it promises is "a veri=ed, agenda-free network."
Why it will boom in 2020: "CIOs routinely form peer groups to
advise each other on market research and software purchasing
decisions. Pulse Q&A is supercharging these social networks with a
peer-to-peer platform," says Sekhar.
Qonto: Business banking for startups and freelancers
Startup: Qonto
VC: Philippe Botteri, Accel
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $35.8 million
What it does: OOers business bank accounts for freelancers,
startups and small businesses.
Why it will boom in 2020: "Qonto is changing the game by
providing a seamless online experience complemented by a suite of
online services and integrations," says Botteri.
Qualia: Cloud software for real estate transactions
Philippe Botteri, Accel Partners. Accel Partners
Startup: Qualia
VC: Mark Goldberg, Partner at Index Ventures
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $95.18 million
What it does: Cloud software for real estate transactions.
Why it will boom in 2020: "Creating a digital closing process for
real estate transactions is an obvious evolution in an industry that
relies heavily on paper and owine communication," Goldberg says,
Mark Goldberg, Index Ventures Index Ventures
relies heavily on paper and owine communication," Goldberg says,
adding that by becoming "the super-connector" for the industry,
"there's massive potential to expand into new areas."
Rasa: Chatbots made easy
Startup: Rasa
VC: Gaurav Gupta, Lightspeed Venture Partners
Gaurav Gupta, Lightspeed Venture Partners Lightspeed Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $14.22 million
What it does: Open-source AI software that helps developers build
chatbots.
Why it will boom in 2020: "Remember falling in love with the Star
Trek computer on the USS Enterprise? In 2020, natural language
technology =nally catches up with that early '90s vision of humans
conversing with computers," says Gupta.
"In 2019 downloads grew from 300,000 to over 2 million, proof that
developers are hocking to the technology," he says.
Restaurant365: Accounting for restaurant chains
Startup: Restaurant365
VC: Brian Feinstein, Bessemer Venture Partners
Relationship: Investor
Total funding raised: $127.5 million
What it does: Restaurant management accounting software
popular with chains and franchises.
Why it will boom in 2020: "Restaurants have historically been
neglected and underserved by software. With over 1 million
restaurant locations in the US, Restaurant365 is attacking one of the
largest vertical software markets," Feinstein says.
Retool: No-code apps built by regular employees
Brian Feinstein, Bessemer Venture Partners Bessemer Venture Partners
Startup: Retool
VC: Amit Kumar, Accel
Relationship: No relation. VC just thinks it's cool.
Total funding raised: Undisclosed seed round
What it does: Retool allows non-developers to create simple apps
and workhows to be used internally, to manage business processes.
It's part of a growing trend known as low-code/no-code
development.
Amit Kumar, Accel Accel
Why it will boom in 2020: "Companies have limited engineering
bandwidth and often aren't able to invest the appropriate amount of
resources into internal tooling," says Kumar. "Low code/no code
tools like Retool are being rapidly adopted to =ll in the gap."
Shopmonkey: Software for auto mechanics
Startup: Shopmonkey
Nina Achadjian, Index Ventures Index Ventures
VC: Nina Achadjian, Partner at Index Ventures
Relationship: Investor
Total funding raised: $10 million
What it does: Shopmonkey provides software for auto mechanics to
run their businesses.
Why it will boom in 2020: "There are 280 million cars in the US
and there are over 1 million car mechanics. Much of this industry is
dominated by mom-and-pop auto repair shops that have no
software to allow them to communicate with customers, track how
much time it takes technicians to do repairs, order inventory or
process payments," Achadjian says.
Silo: A smarter approach to managing perishable food
Startup: Silo
VC: Mike Duboe, Greylock Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $3 million seed round
What it does: Silo is a wholesale marketplace for growers,
distributors, and retailers of perishable food that helps automate
pricing, orders, payments, and broader logistics.
Why it will boom in 2020: "Produce wholesale is a $150 billion+
market, still handled through paper price sheets and phone calls.
Bringing this online not only saves time & money throughout the
system, but also impacts the massive problem of food waste
(estimated at 30-40% of food supply)," Duboe says.
Mike Duboe, Greylock Partners Greylock Partners
Skilljar: Customer training for happier customers
Startup: Skilljar
VC: Tim Porter, Madrona Venture Group
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $20.12 million plus an undisclosed private
Tim Porter, Madrona Venture Partners Madrona Venture Partners
equity funding
What it does: Skilljar oOers a customer training platform to help
businesses improve customer retention — in other words, tools to
help teach customers how to get the most from your products.
Why it will boom in 2020: "Skilljar provides a vital tool to
customer success teams to eOectively train and delight customers,"
Porter says.
Snyk: Finding security holes in open source projects
Startup: Snyk
VC: Philippe Botteri, Accel
Relationship: Investor
Total funding raised: $229.51 million
What it does: Snyk a security tool for developers that lets them
easily =nd and =x security holes in open source libraries and
containers.
Why it will boom in 2020: "Security needs to shift left to
developers, so that applications are built securely, instead of relying
on audits from security teams. Snyk is at the forefront of this trend
and we see a massive potential," says Botteri.
Solv Health: book appointments at Urgent Care
Philippe Botteri, Accel Partners. Accel Partners
Startup: Solv Health
VC: Nina Achadjian, Partner at Index Ventures and Mike Duboe,
Greylock Partners
Relationship: Greylock is an investor (though James Slavet). Nina
has no relationship, just thinks it's cool.
Total funding raised: $23.05 million
What it does: Allows people to book and pay for same-day
appointments to Urgent Care centers, rather than wait days for their
primary doctor.
Why it will boom in 2020: "While the urgent care market has
reached $18 billion and 7,700 locations, the technology to power
these businesses and connect consumers to care has lagged," says
Nina Achadjian, Index Ventures Index Ventures
these businesses and connect consumers to care has lagged," says
Achadjian.
"Solv's two-sided marketplace is a fundamentally better experience
for =nding care providers, booking appointments, and managing
the entire process," says Duboe.
Substack: Lets writers build a business fromnewsletters
Startup: Substack
VC: Andrew Chen, Andreessen Horowitz
Relationship: Investor
Total funding raised: $21.21 million
What it does: Substack lets writers get paid when people subscribe
to their email newsletters.
Why it will boom in 2020: "The new economy is increasingly =lled
with platforms and tools that let talented people take their skills and
turn that into a living, whether that's as a Twitch streamer, Shopify
store operator, or as a writer on Substack. There are already dozens
of writers on Substack earning six-=gure incomes doing what they
love," says Chen.
This model "could provide a new, complementary industry to ad-
supported media/journalism," he says.
SVT Robotics: Software that connects to any robot
Andrew Chen, Andreessen Horowitz Andreessen Horowitz
Startup: SVT Robotics
VC: Ted Wang, Cowboy Ventures
Relationship: Investor
Total funding raised: Undisclosed seed round
What it does: OOers a software service that connects any enterprise
software system to any robot.
Why it will boom in 2020: "Robots have =nally become
commercially viable, however, each robot provider has their own set
Ted Wang, Cowboy Ventures Cowboy Ventures
of standards and capabilities creating a barrier to end user
adoption," says Wang, adding that this service "provides a bridge"
that will help companies adopt robots faster.
Tally: An app for building healthy @nances
Startup: Tally
VC: Angela Strange, Andreessen Horowitz
Angela Strange, Andreessen Horowitz a16z
Relationship: Investor
Total funding raised: $92 million
What it does: A credit management service that helps people pay
their credit cards on time, increase savings and develop good
=nancial habits.
Why it will boom in 2020: "There's more than $1 trillion of credit
card debt in America. A large percent should be paid of faster and
re=nanced but the system is still too complicated," says
Strange."Tally will automate your =nancial life, starting with credit
card debt. It's like Google Maps, but for your =nances."
Tatari: Data-driven TV advertising
Startup: Tatari
VC: Parker Barrile, Norwest Venture Partners
Relationship: No relation. VC just thinks it's cool.
Total funding raised: Undisclosed seed round
What it does: Tatari oOers data to measure the eOectiveness of TV
marketing campaigns.
Why it will boom in 2020: "TV still commands $70 billion per year
in ad spend. Tatari is making that spend more transparent, more
data-driven, and more eOective," says Barrile.
Transmit Security: Lets developers add biometrics tomobile apps
Parker Barrile, Norwest Venture Partners Norwest Venture Partners
Startup: Transmit Security
VC: Shardul Shah, Index Ventures
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $40 million
What it does: Lets devopers add biometrics such as eye, =ngerprint
or facial scans to their mobile apps.
Why it will boom in 2020: "The founders Mickey [Boodaei] and
Rakesh [Loonkar] have been working on a bold vision for the past
=ve years to transform how businesses can deliver safe customer
Shardul Shah, Index Ventures Index Ventures
=ve years to transform how businesses can deliver safe customer
experiences. That vision will come to fruition this year," says Shah.
Verkada: Smart security cameras for companies
Startup: Verkada
VC: Trae Stephens, Founders Fund
Relationship: No relation. VC just thinks it's cool.
Trae Stephens, Founders Fund Founders Fund
Total funding raised: $69.8 million
What it does: Verkada is building smart, internet-connected
building security cameras for the enterprise.
Why it will boom in 2020: "There has historically been a big gap
between what has been available for the consumer with
Nest/Ring/et cetera, and the clunky enterprise camera systems that
businesses use. Verkada has closed that gap and delivered feature-
rich cameras with an elegant user interface," says Stephens.
Voxel51: AI computer vision for scanning video
Startup: Voxel51
VC: GV general partner Karim Faris
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $2 million
What it does: Video analytics software that uses AI to analyze raw
video footage and images into actionable intelligence.
Why it will boom in 2020: "Helps you unlock the value in video.
Voxel51 has built impressive computer vision algorithms able to cost
eOectively classify objects in video at scale," says Faris.
WebWow: Lets non-programmers build sophisticatedwebsites
GV
Startup: Webhow
VC: Stephanie Zhan, Partner, Sequoia Capital
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $73.5 million
What it does: OOers visual software that makes it easy to build a
website with no coding required.
Why it will boom in 2020: "Webhow is de=ning a new category
around visual development and what I love most about that is that it
enables anyone of any skill or background to build beautiful
websites using simple yet powerful tools," says Zhan.
Stephanie Zhan, Sequoia Capital Sequoia
Wyze: A^ordable smart home products
Startup: Wyze
VC: Parker Barrile, Norwest Venture Partners
Relationship: Investor
Total funding raised: $21.3 million
Parker Barrile, Norwest Venture Partners Norwest Venture Partners
What it does: AOordable smart home products.
Why it will boom in 2020: "Most American homes are still analog,
with mechanical locks, plastic light switches, no in-home cameras,
etc. That's starting to change at a very rapid pace, " he said adding
that Wyze is as gaining a solid reputation as "the most aOordable"
among popular smart home brands.
Zapier: Link your web apps together to make themmore powerful
Startup: Zapier
VC: Ethan Choi, Accel
Relationship: No relation. VC just thinks it's cool.
Total funding raised: $2.56 million
What it does: Zapier allows anyone to easily connects apps
together to automate sharing data between apps. The company is
also known for growing to 300 employees with only one small round
of funding.
Why it will boom in 2020: "The number of [cloud] apps we use
everyday has exploded," says Choi, and "Zapier is enabling an era of
the "citizen developer" by making it super easy for anyone to
connect apps and create workhow automations without needing to
know how to code."
Ethan Choi, Accel Accel
These are the 15 buzziestcannabis startups to bet on in2020, according to topinvestors
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