Austin is known for its vibrant startup culture and incredible innovation. Known for its tech-centric mindset and booming startup ecosystem, Austin has become a hotbed for startups of all sizes and stages. In this post, we’ll be exploring some of the top startups in Austin that have seen tremendous success over recent years.
Austin is ranked as the 8th best startup ecosystem in the United States - Source: StartupBlink
Top Startups in Austin (2024 - List)
Here are some of the top startups in Austin:
1. Workrise
Founders: Michael Witte, Xuan Yong
Total Funding Amount: $752.5M
Founded Year: 2014
In today's world, technology has become a fundamental part of almost every industry, and Workrise is no exception. This innovative technology company leverages its platform to benefit the energy workforce by providing the necessary support to execute projects seamlessly. By connecting skilled men and women with vendors needed to get the job done, Workrise offers a more straightforward, faster, and safer way to do business in the energy industry.
2. Homeward
Founders: Tim Heyl
Total Funding Amount: $501M
Founded Year: 2018
Based in Austin, Homeward is a startup that gives you the option to make all-cash offers on a new home, even before you've sold your current one. This puts you in a strong position as a buyer, allowing you to go after your dream home without the worry of a contingency sale. Homeward provides a much-needed service for those looking to relocate or upgrade their living arrangements, ultimately making the whole process less stressful and more streamlined.
The total value of Austin-based startups has surpassed $128 billion - Source: Dealroom
3. ICON
Founders: Alex LeRoux, Evan Loomis, Jason Ballard
Total Funding Amount: $451.5M
Founded Year: 2017
ICON is one of the leading players in the construction technology industry. With its innovative use of 3D robotics, software, and advanced materials, ICON is transforming the way buildings are designed and constructed. By leveraging cutting-edge technology, the company is able to streamline the construction process, reduce costs, and improve the overall quality of the buildings it creates. From residential homes to commercial structures, ICON is helping to pave the way for a new era of sustainable and efficient construction.
Entrepreneurs are increasingly attracted to Austin to start their businesses in industries such as foodtech, social and leisure, and hardware and IoT - Source: StartupBlink
4. Cart.com
Founders: Ed Sturrock, Jim Jacobsen, Omair Tariq, Remington Tonar
Total Funding Amount: $443M
Founded Year: 2020
Cart.com has quickly become a go-to solution for companies looking to streamline their commerce and logistics operations. With a wide range of tools and services, Cart.com makes it easy for companies to sell and fulfill their orders from anywhere, whether that means a brick-and-mortar store, an online marketplace, or anywhere in between. From inventory management to shipping and fulfillment, Cart.com provides a robust suite of features designed to help companies of all sizes streamline their operations and boost their bottom lines.
5. Ethos Life
Founders: Peter Colis
Total Funding Amount: $414M
Founded Year: 2016
Ethos Life is more than just an insurance company, it's a community of individuals committed to protecting life. By using a modern and ethical approach, they have set out to revolutionize the insurance industry for the better. Their policies are designed to give individuals the peace of mind they deserve by offering transparent and affordable life insurance options.
6. EverlyWell
Founders: Julia Taylor Cheek
Total Funding Amount: $325M
Founded Year: 2015
EverlyWell is a digital health company that is shaking up the healthcare industry with its innovative services. The company offers a wide range of at-home collection tests that can be completed from the comfort of your own home. From cholesterol and thyroid testing to food sensitivity and STD testing, EverlyWell has it all.
7. SparkCognition
Founders: Amir Husain
Total Funding Amount: $286.6M
Founded Year: 2013
The field of artificial intelligence is constantly advancing and Texas-based company, SparkCognition, is at the forefront. With their cutting-edge machine learning software, they are revolutionizing the way data is analyzed, enabling organizations to stay ahead of the curve. SparkCognition's sophisticated algorithms can process even the most complex data stores, delivering actionable insights that drive smart business decisions. By utilizing AI technology, the company is setting new standards for efficiency and accuracy in data analysis.
8. Atmosphere
Founders: John Resig, Leo Resig
Total Funding Amount: $213.7M
Founded Year: 2019
Atmosphere offers businesses a fresh approach to streaming TV, with its unique platform featuring 21 exciting TV channels. Whether you're looking for news updates, sports updates, or just entertainment, Atmosphere has got you covered with its original and partner TV channels. From classic sitcoms to the latest reality shows, the possibilities are endless.
The Austin region is now home to over 3,380 high-growth companies, with a total combined enterprise value of $115.3 billion in 2022 so far. This represents a 2.7x increase over the past 5 years. Source: Dealroom
9. Everly Health
Founders: Julia Cheek
Total Funding Amount: $200M
Founded Year: 2015
Everly Health is a fantastic way for consumers and businesses alike to access comprehensive health testing with modern diagnostics-driven care. The company recognizes the inconvenience and expense that can come with traditional health care, which is why they have created a solution that allows you to take the necessary tests from the comfort of your home.
10. Outdoorsy
Founders: Jeff Cavins, Jennifer Young, Ryan Quinn, Tyler Stillwater
Total Funding Amount: $195.1M
Founded Year: 2014
Outdoorsy is a marketplace platform that brings together RV owners and campers in a way that allows everyone to enjoy the beauty of nature without any of the hassle. Whether you're looking to rent out your own RV or simply searching for the perfect vehicle to take you on your next adventure, Outdoorsy has got you covered.
11. Tricentis
Total Funding Amount: $172M
Founded Year: 2007
With its expertise in automated testing, Tricentis enables businesses to accelerate their software delivery and digital transformation. By streamlining the testing process, Tricentis helps organizations save time and resources while ensuring that their software is of the highest quality.
12. SpyCloud
Founders: Alen Puzic, David Endler, Ted Ross
Total Funding Amount: $168.5M
Founded Year: 2016
In today's digital world, cybersecurity threats are constantly evolving and becoming more sophisticated. This is where SpyCloud comes in. As a leading provider of account takeover prevention and fraud investigation tools, SpyCloud empowers businesses to proactively protect themselves against the increasing threat of cyberattacks. Their cutting-edge technology is designed to identify potential vulnerabilities and prevent unauthorized access to sensitive information.
Most Asked Questions
1. Is Austin good for startups in 2024?
Austin is one of the most business-friendly states in the US, with a thriving economy, a low cost of living, and a strong entrepreneurial spirit. Whether you're interested in tech, healthcare, energy, or any other industry, there are plenty of opportunities for startups to thrive and succeed.
Austin startups secured over $5 billion in venture capital funding in 2022 - Source: Dealroom
2. What are the most successful startups in Austin?
In Austin, the startup scene is booming. With companies ranging from tech to logistics, there is no shortage of innovation here. In particular, several startups have emerged as the most successful in the Lone Star state. Workrise, Homeward, ICON, and Cart.com have all made waves in their respective industries, each with its unique offerings and approach to doing business.
3. What are the advantages of starting a business in Austin?
Starting a business in Austin provides numerous advantages that entrepreneurs can take advantage of. First, the state has a business-friendly environment, which means that companies are not over-regulated and taxed, and they can operate smoothly. Secondly, the state has a diverse and educated workforce that is eager to work, which makes it easy for business owners to find qualified employees. Thirdly, Austin has a vast and well-developed infrastructure, which offers easy access to markets, suppliers, and customers. Additionally, the state's economy boasts numerous sectors such as energy, healthcare, and technology, among others, which helps to diversify business opportunities and generate steady economic growth. Lastly, Austin has a high quality of life and a low cost of living, making it an attractive place for workers and business owners alike. These advantages make Austin one of the top states in the country for starting a business.