The 35 US Tech Startups That Have Reached $1 Billion Valuation

Each year, there are 100 million startups founded every year, including a lot of tech startups, according to GEM national report. When Facebook acquired Instagram for the price of $1 billion (Rs. 7,281.5 crores) in 2013, it was a very big sum of money.

The creator of Fortnite, Epic Games, reached $1 billion valuation this year

5 years from that, we all seem to be used to many valuations and acquisitions worth billion dollars. Uber is just valued at around $72 billion while Facebook acquired yet another social media platform for 19 times higher than what they paid for Instagram, $19 billion for WhatsApp.

But, it doesn’t mean that building a company worth a billion dollar from scratch is an easy task. According to CB Insights, there was only less than 1% of companies that had raised venture capital could become a unicorn - a company that is valued at $1 billion or higher.

Very close to the end of 2018, 35 tech startups successfully managed to reach the valuation of $1 billion as reported by PitchBook.

There are also other companies whose businesses are not in tech industry. But in this list, we only selected US-based companies operating in the tech industry.

35 US-based tech companies that have $1 billion (Rs. 7,281.5 crores) valuation in 2018 are as follows:

35. ThoughtSpot

Founded: 2012

What the company does: Search and AI-based analytics

Current valuation: $1 billion (Rs. 7,281.5 crores)

34. WalkMe

                                                          CEO of Walkme - Dan Adika

Founded: 2011

What the company does: Helps users navigate apps and websites more efficiently

Current valuation: $1 billion (Rs. 7,281.5 crores)

33. Tresata

Founded: 2011

What the company does: Analytics software

Current valuation: $1 billion (Rs. 7,281.5 crores)

32. Talkdesk

                                                                   CEO of Talkdesk - Tiago Paiva

Founded: 2011

What the company does: Help desk software apps

Current valuation: $1 billion (Rs. 7,281.5 crores)

31. JFrog

Founded: 2008

What the company does: Deploys software to the cloud

Current valuation: $1 billion (Rs. 7,281.5 crores)

30. OutSystems

                                                             CEO of OutSystems - Paulo Rosado

Founded: 2001

What the company does: A low-code mobile app platform

Current valuation: $1 billion (Rs. 7,281.5 crores)

29. SoundHound

Founded: 2005

What the company does: Audio and speech recognition

Current valuation: $1.05 billion (Rs. 7,642.4 crores)

28. Formlabs

Founded: 2011

What the company does: Developing and manufacturing 3D printer

Current valuation: $1.065 billion (Rs. 7,752.6 crores)

27. Rubicon

Founded: 2008

What the company does: Waste management company and also a recycling platform.

Current valuation: $1.066 billion (Rs. 7,760 crores)

26. Postmates

Founded: 2011

What the company does: Delivering food

Current valuation: $1.076 billion (Rs. 7,832.7 crores)

25. Convoy

Founded: 2015

What the company does: Tech-powered trucking services.

Current valuation: $1.085 billion (Rs. 7,897 crores)

24. Tradeshift

                                                               CEO of Tradeshift - Christian Lanng

Founded: 2005

What the company does: a Business network that connects buyers and suppliers.

Current valuation: $1.1 billion (Rs. 8,010.7 crores)

23. Brex

Founded: 2017

What the company does: Corporate card built for startups.

Current valuation: $1.1 billion (Rs. 8,010.7 crores)

22. Lime

Founded: 2017

What the company does: E-assist bikes and electric scooters.

Current valuation: $1.1 billion (Rs. 8,010.7 crores)

21. Cohesity

                                                                       CEO of Cohesity - Mohit Aron

Founded: 2013

What the company does: a platform to consolidate and manage secondary data.

Current valuation: $1.1 billion (Rs. 8,010.7 crores)

20. Gitlab

Founded: 2011

What the company does: A single application for development operations, from project planning and source code management to CI/CD and monitoring.

Current valuation: $1.1 billion (Rs. 8,010.7 crores)

19. Intercom

Founded: 2011

What the company does: a Customer messaging platform.

Current valuation: $1.275 billion (Rs. 9,287.7 crores)

18. Starry

Founded: 2014

What the company does: High-speed Internet for $50 per month.

Current valuation: $1.29 billion (Rs. 9.397 crores)

17. PagerDuty

                                                            CEO of PagerDuty - Jennifer Tejada

Founded: 2009

What the company does: Help companies surface technical issues quickly.

Current valuation: $1.3 billion (Rs. 9,472.4 crores)

16. Toast

Founded: 2011

What the company does: Point of Sale & Management System for restaurants.

Current valuation: $1.4 billion (Rs. 10,202.5 crores)

15. Allbirds

Founded: 2014

What the company does:  Designing environmentally friendly footwear.

Current valuation: $1.4 billion (Rs. 10,202.5 crores)

14. Samsara

Founded: 2015

What the company does: Offers a new generation of technology for fleets.

Current valuation: $1.4 billion (Rs. 10,202.5 crores)

13. Freshworks

                                                   CEO of Freshworks - Girish Mathrubootham

Founded: 2010

What the company does: Offers customer support, call center software solutions, sales customer relationship management, and information technology service management.

Current valuation: $1.5 billion (Rs. 10,931.2 crores)

12. ZipRecruiter

Founded: 2010

What the company does: Platform for job listing and recruiting.

Current valuation: $1.5 billion (Rs. 10,931.2 crores)

11. Dataminr

                                                              A map-based dashboard of Dataminr

Founded: 2009

What the company does:  Discovers critical events and breaking information before they are in the news.

Current valuation: $1.592 billion (Rs. 11,600 crores)

10. Discord

                                                                  CEO of Discord - Jason Citron

Founded: 2012

What the company does: Text, Voice and text app for designed for video gaming communities.

Current valuation: $1.65 billion (Rs. 12,039 crores)

9. Automation Anywhere

                                               CEO of Automation Anywhere - Mihir Shukla

Founded: 2003

What the company does: Develop robotic process automation software

Current valuation: $1.8 billion (Rs. 13,133 crores)

8. Bird

Founded: 2017

What the company does: Electric scooter

Current valuation: $2 billion (Rs. 14,595 crores)

7. Roblox

Founded: 2005

What the company does: A platform for creating and playing multiplayer online games.

Current valuation: $2.4 billion (Rs. 17,506.8 crores)

6. Circle

Founded: 2013

What the company does: Platform for Cryptocurrency investment.

Current valuation: $3 billion (Rs. 21,886 crores)

5. UiPath

                                                                      CEO of UiPath - Daniel Dines

Founded: 2005

What the company does: Robotic Process Automation tool which is used to redundant tasks, automate repetitive and also eliminates the human intervention

Current valuation: $3 billion (Rs. 21,886 crores)

4. Snowflake

                                                    CEO of Snowflake Computing - Bob Muglia

Founded: 2012

What the company does: Cloud-based data-warehousing

Current valuation: $3.95 billion (Rs. 28,825 crores)

3. DoorDash

Founded: 2013

What the company does: Delivering food

Current valuation: $4 billion (Rs. 28,825 crores)

2. Epic Games

Founded: 1991

What the company does: Developing games and also the creator of Fortnite

Current valuation: $4 billion (Rs. 29,174 crores)

1. Juul Labs

Founded: 2017

What the company does: Manufacturing Electronic cigarettes

Current valuation: $16 billion (Rs. 1,16,680 crores)