The 18 hottest enterprise startups of 2017

The 18 hottest enterprise startups of 2017

The 18 hottest enterprise startups of 2017, according to how investors value them

We are half-way through 2017 and it’s time to take stock of the hottest startups so far this year.

For that, we turned to Pitchbook, the website that tracks financial investments. Pitchbook sifted through its vast database to uncover the 383 startups that received funding so far in 2017 and that sell products or services to businesses, aka enterprise startups.

We chose a metric called a “valuation step up” to decide which of these startups were the hottest. A valuation steps up indicates the increase in worth that investors ascribe to a particular startup. We measured between the valuation at the previous round of investment and right before the startup secured a new round (in wonky speak: post-money to pre

Confluent co-founder CEO Jay Kreps

-money).

 

Not all rounds are step ups. Sometimes they are down rounds.

Of the 383 rounds we looked at, 169 of them saw an increase in valuation. The median step up for the early stage startups was 1.73 times the previous valuation; for a later stage, 1.39 times and all of the companies on this list had step-ups well above those medians.

 

No. 18: Icertis, 2.88X more valuable

Icertis
Step-up: 2.88x more valuable in 2017 than the previous valuation

Raised to date: $47 million

Current valuation: $242 million

Icertis is a Seattle-based startup that offers cloud software to help companies manage contracts.

 

No. 17: Confluent, 2.96X more valuable

Confluent
Step-up: 2.96x more valuable in 2017 than the previous valuation

Raised to date: $81 million

Current valuation: $532 million

Confluent is the commercial version of open source software Apache Kafka and the company was founded by the creators of Kafka. Kafka is a way for software developers to add real time streaming data in their big data apps.

 

No. 16: C3 IoT, 2.98x more valuable

C3 IoT
Step-up: 2.98x more valuable in 2017 than the previous valuation

Raised to date: $142 million

Current valuation: $1.41 billion

Provider of a cloud server designed to host big data, AI and Internet of Things applications.

 

No. 15: Smartsheet, 3.07X more valuable

Smartsheet
Step-up: 3.07x more valuable in 2017 than the previous valuation

Raised to date: $121 million

Current valuation: $852 million

Smartsheet offers online project management software.

 

No. 14: KnowBe4: 3.12X more valuable

KnowBe4
Step-up: 3.12x more valuable in 2017 than the previous valuation

Raised to date: $13 million

Current valuation: $130 million

KnowBe4 offers security awareness training to help employees identify malware attacks and avoid them.

 

No. 13: Lob, 3.33X more valuable
Lob
Step-up: 3.33x more valuable in 2017 than the previous valuation

Raised to date: $32 million

Current valuation: $170 million

Lob offers online software for managing business mail.

 

No. 12: Textio, 3.8X more valuable

Textio
Step-up: 3.8x more valuable in 2017 than the previous valuation

Raised to date: $26 million

Current valuation: $115 million

Textio is a platform for recruiters that helps them write better job listings. It offers advice on improving the listing by analyzing the outcomes of millions of job posts per month.

 

No. 11: LeanDNA, 4.11X more valuable

LeanDNA
Step-up: 4.11x more valuable in 2017 than the previous valuation

Raised to date: $5 million

Current valuation: about $19 million

LeanDNA offers cloud-based software to analyse a company’s supply chain and its factory operations.

 

No. 10: Instabase, 4.89X more valuable

Instabase
Step-up: 4.89x more valuable in 2017 than the previous valuation

Raised to date: $27 million

Current valuation: $115 million

Instabase offers a cloud workflow software that helps team members work together and solve problems, especially if they are working on very complex projects.

 

No. 9: Momentum Machines, 5.85X more valuable

Momentum Machines/The University of Pennsylvania
Step-up: 5.85x more valuable in 2017 than the previous valuation

Raised to date: $24 million

Current valuation: $93 million

Momentum Machines has created hamburger-making robots to replace human workers in fast-food restaurants.

 

No. 8: CiBO Technologies, 6.24X more valuable

CiBO Technologies
Step-up: 6.24x more valuable in 2017 than the previous valuation

Raised to date: $38 million

Current valuation: $140 million

CiBO Technologies offers a big-data analytics platform for sustainable agriculture that helps improve yields.

 

No. 7: CloudCheckr, 6.94X more valuable

CloudCheckrCloudCheckr
Step-up: 6.94 more valuable in 2017 than the previous valuation

Raised to date: $52 million

Current valuation: $83 million

CloudCheckr offers software to help an enterprise manage its cloud computing usage.

 

No. 6: CIMCON Lighting, 7.11X more valuable

CIMCON Lighting
Step-up: 7.11x more valuable in 2017 than the previous valuation

Raised to date: $18 million

Current valuation: $48 million

CIMCON Lighting makes smart lighting control systems for businesses and cities.

 

No. 5: MatterHackers 8.65X more valuable

MatterHackers
Step-up: 8.65x more valuable in 2017 than the previous valuation

Raised to date: $16 million

Current valuation: $20 million

MatterHackers sells the 3D printer materials to schools, businesses and consumers.

 

No. 4: UiPath, 9.3X more valuable

UiPath
Step-up: 9.3x more valuable in 2017 than the previous valuation

Raised to date: $31 million

Current valuation: $110 million

UiPath makes workflow software that automates business processes.

 

No. 3: HackerEarth, 10.2X more valuable

HackerEarth
Step-up: 10.2x more valuable in 2017 than the previous valuation

Raised to date: $5 million

Current valuation: $19 million

HackerEarth offers a recruiting tool that allows programmers to practice and compete and allows recruiters to assess prospective employees’ skills.

 

No. 2: OpCity, 11.66X more valuable

OpCity
Step-up: 11.66x more valuable in 2017 than the previous valuation

Raised to date: $30 million

Current valuation: $99 million

OpCity makes cloud software for real estate brokerages that helps match agents with prospective home buyers.

 

No. 1: Roadrunner Recycling, 12X more valuable

RoadRunner
Step-up: 12x more valuable in 2017 than the previous valuation

Raised to date: $10 million

Current valuation: $62 million

Roadrunner Recycling is a waste management service that picks up businesses’ recyclable materials. It uses analytics software to maximise efficiency and help everyone save money.

 

 

 

 

 

 

Source: The 18 hottest enterprise startups of 2017 – Business Insider

Leave a Comment