Great Entrepreneurs is pleased to announce The Top 25 Companies of San Francisco for 2023. Picture perfect with breathtaking vistas of the ocean, San Francisco has gained a reputation as a thriving technology hub, drawing in startups, investors, and tech enthusiasts from across the globe. In fact, the San Francisco Bay Area has the most significant concentration of high-tech companies in the U.S. This is partly due to the city housing a concentration of top-tier universities and research institutions, providing a steady supply of skilled talent. Additionally, the Bay Area's proximity to Silicon Valley fosters a supportive network of investors and venture capitalists eager to fund promising ventures. The region's diverse and dynamic community also facilitates networking and collaboration opportunities, making it an attractive destination for business leaders seeking growth and success.
A prime example of one of these San Francisco-based tech enterprises being honored this year is Lime, the world's largest shared electric vehicle company. Backed by a dedicated team of around 1,700, Lime has already facilitated over 400 million rides in more than 250 cities across 5 continents. Also on the cutting-edge of technology is Blend, a company that empowers financial providers to transform consumer banking experiences and optimize workflows for their teams. A testament to Blend's success, the company enables financial services firms to process an average of more than $4 billion in transactions per day. Meanwhile, CircleCI, a continuous integration and delivery platform for software innovation at scale, already boasts a user base of over 2 million developers. In fact, research from Forrester shows that teams using CircleCI have a 664% ROI over 3 years.
Please join us in recognizing the achievements of this year’s Top 25 Companies of San Francisco for 2023.
1. Motive
Motive is a technology company that specializes in developing solutions to enhance the safety, productivity, and profitability of businesses powering the physical economy. The Motive Automated Operations Platform integrates IoT hardware with AI-enabled applications, enabling businesses to automate vehicle and equipment tracking, driver safety, fleet compliance, maintenance, spend management, and more. With a broad customer base, Motive serves over 120,000 businesses across diverse industries, including construction, field service, agriculture, trucking and logistics, delivery, and more.
Headquartered in San Francisco, Motive takes pride in its commitment to creating products that customers love and cultivating a workplace culture that fosters innovation and excellence. Embracing diversity and inclusivity, Motive seeks to attract talented individuals from various backgrounds who share a common goal of making a positive impact on the millions of businesses driving the physical economy. With a team of more than 3,000 employees, Motive continues to drive its mission of revolutionizing industries and empowering businesses with cutting-edge technology and solutions.
Milestone:
The company recently announced its new Motive AI Omnicam, which is the only vehicle camera with AI-enabled hardware built for side, rear, passenger, and cargo monitoring. When paired with Motive’s AI Dashcam, the Motive camera system gives commercial fleets visibility into everything that happens. AI Omnicam resolves disputes faster, instantly detects risk with the industry’s most accurate AI, maximizes worksite safety, and improves operational efficiency.
2. Orrick, Herrington & Sutcliffe LLP
Orrick, Herrington & Sutcliffe LLP is a renowned global law firm that specializes in providing exceptional legal services to the Technology & Innovation, Energy & Infrastructure, and Finance sectors. With a history spanning over 150 years, Orrick was founded in San Francisco and has since expanded its presence across the globe. As a leading legal institution, Orrick's teams in over 25 markets are sought after by leading companies and emerging businesses alike for their forward-thinking and practical guidance on a wide range of transactions, litigation, and compliance matters.
The firm's dedication to delivering distinctive quality, collaborative teamwork, and value-driven solutions sets it apart in the legal landscape, continuously striving for innovation in all aspects of its work. With a workforce of over 2,000 employees, Orrick remains committed to providing top-notch legal counsel and driving positive outcomes for its clients worldwide.
Milestone:
In recognition of the regulatory and enforcement uncertainty California’s innovative companies face, Orrick took two steps this year to offer distinctive solutions to clients. The firm combined with the leading Washington, DC based fintech and financial services regulatory firm Buckley, creating a market leader in advising the fintech sector on all aspects of their business. Orrick also launched a Strategic Advisory & Government Enforcement unit, bringing together 270 lawyers across different disciplines to provide comprehensive regulatory, enforcement and policy solutions.
3. Rippling
Rippling, headquartered in San Francisco, CA, is a pioneering unified workforce platform that allows businesses to efficiently manage their HR, IT, and Finance functions in one centralized system. With Rippling, companies can streamline employee-related tasks, including payroll, benefits, expenses, corporate cards, computers, apps, and more, by connecting all workforce systems to a single source of truth for employee data.
By automating manual processes, such as onboarding new employees, Rippling simplifies the entire workflow. Within just 90 seconds, businesses can set up a new hire's payroll, health insurance, corporate card, work computer, and third-party apps like Slack, Zoom, and Office 365 with a simple click of a button. Backed by $1.2 billion in funding from renowned investors like Kleiner Perkins, Founders Fund, Sequoia, and Bedrock, Rippling has garnered significant recognition in the industry. It has also been recognized as one of America's best startup employers by Forbes. With a dedicated team of more than 2,000 employees, Rippling continues to revolutionize workforce management for businesses worldwide.
3. Postman
Postman, headquartered in San Francisco with an office in Bangalore, is the world's leading API platform, used by over 25 million developers and 500,000 organizations. This includes 98% of the Fortune 500. The platform simplifies every step of the API lifecycle and fosters collaboration, enabling users to create better APIs faster. Recently, Postman released its 5th annual State of the API report, the largest of its kind, with participation from over 40,000 developers and API professionals. The report provides valuable insights into API management and usage trends, covering topics like generative AI, developer trends, API security, and API monetization.
Furthermore, as part of its ongoing commitment to innovation and enhancing API observability, Postman made a significant move by acquiring Akita Software. This strategic acquisition will further strengthen Postman's capabilities in building the future of API observability, benefiting developers and businesses alike. Postman's success is backed by prominent investors, including Battery Ventures, BOND, Coatue, CRV, Insight Partners, and Nexus Venture Partners.
4. Lime
Lime is recognized as the world's largest shared electric vehicle company, driven by a strong vision for a future where transportation is shared, affordable, and environmentally sustainable. With their electric bikes and scooters, Lime has facilitated over 400 million rides in more than 250 cities across 5 continents, effectively replacing over 100 million car trips. The company's commitment to sustainability and groundbreaking solutions has garnered prestigious accolades, including being named a Time 100 Most Influential Company and a Fast Company Brand That Matters.
In a significant achievement, Lime achieved full profitability in 2022, setting a precedent as the first company in its industry to reach this milestone. Headquartered in San Francisco, California, Lime's dedicated team of around 1,700 employees passionately drives their mission forward. Recently, Lime raised $523 million as part of its preparations to go public, signaling their continued dedication to revolutionizing transportation and contributing to a greener, more accessible future for communities worldwide.
Milestone:
Recently Lime reported more than 20% YoY growth in gross bookings for every quarter in 2022. Overall, the company completed 120 million trips in 2022 (about 4 trips every second for the entire year), bringing total rides to 400 million.
4. Innovaccer
Innovaccer Inc. is the data platform that accelerates innovation. The Innovaccer platform unifies patient data across systems and care settings, and empowers healthcare organizations with scalable, modern applications that improve clinical, financial, operational, and experiential outcomes.
Innovaccer’s EHR-agnostic solutions have been deployed across more than 1,600 hospitals and clinics in the US, enabling care delivery transformation for more than 96,000 clinicians, and helping providers work collaboratively with payers and life sciences companies. Innovaccer has helped its customers unify health records for more than 54 million people and generate over $1 billion in cumulative cost savings.
5. LiveRamp
LiveRamp is the data collaboration platform of choice for the world’s most innovative companies. A groundbreaking leader in consumer privacy, data ethics, and foundational identity, LiveRamp is setting the new standard for building a connected customer view with unmatched clarity and context while protecting precious brand and consumer trust. LiveRamp offers complete flexibility to collaborate wherever data lives to support the widest range of data collaboration use cases—within organizations, between brands, and across its premier global network of top-quality partners.
Hundreds of global innovators, from iconic consumer brands and tech giants to retailers, financial services, and healthcare leaders turn to LiveRamp to build enduring brand and business value by deepening customer engagement and loyalty, activating new partnerships, and maximizing the value of their first-party data while staying on the forefront of rapidly evolving compliance and privacy requirements. LiveRamp is based in San Francisco, California with offices worldwide.
6. Trusted Health
Trusted Health, founded in 2017, is a pioneering labor marketplace and workforce management platform for healthcare professionals, with a primary focus on nurses. The platform enables nurses to directly connect with job opportunities, simplifying resume creation, credential management, and real-time applications. Nurse advocates provide personalized support and coaching throughout the process. Trusted Health also offers full employer-of-record services for healthcare facilities in all 50 states and Washington, D.C.
In 2020, Trusted Health introduced Works, their proprietary staffing platform, helping hospitals create on-demand nursing workforces and access predictive insights for better workforce management. Backed by prominent investors and healthcare innovators, Trusted Health aims to revolutionize healthcare employment by reshaping the industry's approach to workforce management and job opportunities for nurses. The San Francisco-based company currently employs over 1,000 professionals in pursuit of this mission.
Milestone:
The company was recently featured on SIA's annual “Largest Staffing Firms in the United States” report. They ranked Trusted as the 52nd largest staffing company in the US, across all industries (not just healthcare), making us one of the fastest-growing staffing firms in the US.
6. Blend
Blend is a cutting-edge infrastructure that is revolutionizing the future of banking. Financial providers, ranging from large banks and fintech companies to credit unions, community banks, and independent mortgage banks, rely on Blend's platform to elevate and enhance the banking experiences for their customers. On a daily basis, Blend facilitates billions of dollars in financial transactions.
The Blend platform empowers financial providers to transform consumer banking experiences and optimize workflows for their teams. From the initial stages of a deposit account or loan application to the seamless digital signing of final documents, Blend's composable platform streamlines the entire process. With its headquarters located in San Francisco and a dedicated team of around 1,000 employees, Blend continues to drive innovation in the banking industry. Recently, the company announced the availability of Soft Credit Functionality, showcasing its commitment to delivering advanced and customer-centric solutions to the market.
Milestone:
Notably, in 2022, products within Blend's platform segment helped financial services firms process nearly $1.7 trillion in loan applications. The company has enabled financial services firms to process an average of more than $4 billion in transactions per day.
7. Amplitude
Amplitude is a prominent digital analytics platform, empowering companies to harness the full potential of their products. With nearly 2,200 esteemed customers, including industry giants such as Atlassian, Jersey Mike’s, NBCUniversal, Shopify, and Under Armour, Amplitude plays a crucial role in providing self-service visibility into the complete customer journey.
By assisting companies in capturing reliable data, uncovering precise insights about customer behavior, and facilitating swift actions, Amplitude guides businesses at every stage. Armed with a comprehensive understanding of how customers interact with their products, teams can deliver enhanced product experiences that fuel growth. Based in San Francisco, California, Amplitude boasts a talented team of approximately 800 employees, committed to driving innovation in the digital analytics landscape.
Milestone:
Amplitude announced the launch of Warehouse-native Amplitude, a new way for customers to uncover the behavioral insights they need to make better product decisions without ever leaving their data platform of choice. The company has also teamed up with Snowflake to announce Snowflake-native Amplitude, a Snowflake Native App that allows joint customers to access self-serve insights directly within their Snowflake instance.
7. Avenue Code
Avenue Code, a global company that originally delivered solutions for e-commerce but quickly evolved to keep up with changing consumer demands. Its expertise in the retail industry pioneered digital transformation, and now the company leads AI transformation with its clients.
Over the last several years, Avenue Code has expanded its services to clients in diverse industries, including automotive, finance, and healthcare. With over 1000 Avenue Coders working from multiple locations worldwide, the company can be closer to its customers no matter where they are. Recently, Avenue Code opened an operation in Lisbon, Portugal, and its business has been thriving since it joined the Compass UOL group.
8. Modern Health
Modern Health is the comprehensive global mental health solution offering employees access to one-on-one, group, and self-serve digital resources for their emotional, professional, social, financial, and physical well-being needs - all within a single platform. Whether someone wants to proactively manage stress or treat depression, Modern Health guides people to the right care at the right time. Modern Health empowers companies to help all their employees be the best version of themselves and believes in meeting people wherever they are in their mental health journey.
Modern Health is backed by investors like Kleiner Perkins, Founders Fund, John Doerr, Y Combinator, and Battery Ventures and has raised more than $170 million in less than two years with a valuation of $1.17 billion, making Modern Health the fastest entirely female-founded company in the U.S. to reach Unicorn status.
Milestone:
In the face of an escalating youth mental health crisis, Modern Health recently launched a new series of children's meditations and an opportunity to come together as a family to discuss mental health in a Family Huddle with its Chief Community Health Officer and tennis superstar, Naomi Osaka, as well as its third new podcast series titled The Journey of Parenting, packed with actionable tips for parents and caregivers. Additionally, it recently appointed a double board-certified child, adolescent, and adult psychiatrist with extensive digital health experience, Dr. Neha Chadhary, as its Chief Medical Officer.
9. Armis
Armis is a leading asset visibility and security company, offering the industry's first unified asset intelligence platform to tackle the challenges of the new extended attack surface created by connected assets. Fortune 100 companies rely on Armis for real-time and continuous protection, covering managed and unmanaged assets across IT, cloud, IoT devices, medical devices, operational technology, industrial control systems, and 5G. The platform provides passive cyber asset management, risk management, and automated enforcement.
With customers from various industries and sectors, including governments, healthcare, retail, manufacturing, and more, Armis is trusted by organizations like Colgate Palmolive, Takeda Pharmaceuticals, PepsiCo, and many others. The company, headquartered in California, is privately held.
Milestone:
Earlier this year, Armis announced it surpassed the $100 million mark in annual recurring revenue (ARR) – growing from $1 million to $100 million in less than 5 years. This makes the company one of the fastest-growing centaurs in the SaaS and cloud technology space and the fastest-growing cyber start-up for asset visibility, intelligence and security.
10. Bolt
Bolt is a leading financial technology company making the business of checkout shockingly simple. Founded in 2014, Bolt offers frictionless shopper recognition, account creation, and a secure, one-click checkout—helping retailers build long-term relationships with their customers and increase conversion. At the center of it all is the rapidly growing Bolt network, which connects hundreds of customer-centric retailers to tens of millions of shoppers.
In recent months, Bolt has elevated its profile in the enterprise segment, working with retailers like Fanatics, Casper, Revolve, and more to power their native checkouts—allowing enterprise retailers to keep their brands front and center while logging in more shoppers to offer a personalized shopping experience and a seamless checkout. Headquartered in San Francisco, Bolt is the only online checkout vendor innovating in a merchant-first way.
10. Allbirds
Allbirds, a global footwear and apparel brand, originated in New Zealand and established its headquarters in San Francisco in 2016. Their core ethos revolves around using natural materials to craft the world's most comfortable shoes. With a strong focus on carbon reduction, Allbirds is leading the way towards a more sustainable business approach. They prioritize product innovation, industry collaboration (such as open-sourcing their footprint calculator), and hold the distinction of being the first footwear brand to carbon label all their products.
As a certified B Corp, the company’s commitment to sustainability drives them to create premium products using eco-friendly materials. Allbirds aims to redefine the fashion industry's approach by emphasizing thoughtfulness over flashy designs. Recently, the company made a groundbreaking stride by unveiling the world's first net-zero carbon shoe, M0.0NSHOT, with a carbon footprint of 0.0 kg CO2e. By open-sourcing their toolkit, they are encouraging the fashion industry to follow suit in adopting more sustainable practices. Allbirds currently employs around 700 individuals.
11. Coalition, Inc.
Coalition, the world's first Active Insurance provider, is dedicated to proactively preventing digital risk for businesses. By integrating comprehensive insurance coverage with cybersecurity tools, Coalition empowers businesses to manage and mitigate digital risks effectively. Their Active Insurance products are available in the U.S., U.K., and Canada through partnerships with leading global insurers, as well as through their own carrier, Coalition Insurance Company. The company's Active Risk Platform equips businesses with automated security alerts, threat intelligence, expert guidance, and cybersecurity tools, ensuring resilience against cyber attacks worldwide.
Headquartered in San Francisco, Coalition operates as a distributed company with a global workforce that collaborates digitally and in office hubs. Additionally, Coalition Security Labs, their research and innovation center, provides cybersecurity education and insights to support policyholders and the broader security community in facing the evolving cyber threat landscape.
Milestone:
Coalition recently announced CoalitionAI, a generative artificial intelligence for brokers and businesses. Earlier this year, it also launched Coalition Insurance Company (CIC), the first full-stack, Active Cyber Insurance carrier.
11. Homebase
Homebase is a game-changer for over 100,000 small businesses, offering a comprehensive suite of tools to manage their hourly teams effortlessly. From employee scheduling, time clocks, and payroll to team communication, hiring, onboarding, and compliance, Homebase simplifies work for busy businesses, enabling owners and employees to focus on what truly matters.
Recognized as a trailblazer in the SMBTech ecosystem, Homebase was handpicked by 30+ top venture capital investors as one of the 50 companies transforming the industry. With a strong emphasis on company culture and high performance, Homebase has grown to over 200 full-time employees in the US and Canada, and a dedicated team of over 270 worldwide. Furthermore, the recent expansion to Toronto and Denver reflects their continued growth trajectory and dedication to making work easier for small businesses.
12. Skyline Construction
Skyline Construction is a female-led, premier commercial interior general contractor located throughout Northern and Southern California, Washington, and Illinois. The company was founded in 1996 to help businesses bring their vision to life by constructing the most creative and innovative commercial office spaces, life science facilities, healthcare institutions and community gathering places.
Notably, Skyline is 100% employee-owned and puts people at the heart of every business decision.They value transparency with clients, relationships with partners, and collaboration as a team – while taking the pain away from the construction process.
13. CircleCI
CircleCI is the leading continuous integration and delivery platform for software innovation at scale. It helps a user base of over 2 million developers (and growing) rapidly release code they trust by automating the build, test, and delivery process for both mobile and web apps, either in the cloud or on their own private server.
With the market for DevOps tools expected to grow to $15 billion by 2026, CircleCI is making it easier for developers to build faster and more accurately. CircleCI has captured significant market share with developer processing, reaching 3 million jobs per day. Research from Forrester shows that teams using CircleCI have a 664% ROI over 3 years, including $7.8 million saved in shorter development cycles, $4.3 million recuperated from lost developer productivity, and $1.7 million in increased code quality.
14. Vida Health
Vida Health is a virtual healthcare company founded in San Francisco in 2014. The company’s virtual cardiometabolic solution is designed to treat diabetes and obesity through behavior change support and medication management. Vida also addresses the mental health conditions that accompany cardiometabolic challenges: stress, depression, anxiety, and diabetes distress. The company serves members in all 50 states in both English and Spanish. With Vida, companies give their people a more personalized, engaging care experience with a high-touch, integrated care team model, enhanced by AI.
Vida’s unique approach maximizes engagement, outcomes, and savings. Vida’s app offers live video sessions with a national network of licensed providers, asynchronous messaging, and digital content to help people prevent and manage chronic conditions — like diabetes, obesity, and hypertension. Clients include employers like Boeing, Prudential, Cisco, and Bass Pro Shops – along with some of the country’s largest health plans like Humana and Blue Cross Blue Shield plans. Vida has significantly improved clinical outcomes across a range of conditions, including obesity, diabetes, congestive heart failure, chronic obstructive pulmonary disease, hypertension, depression, and anxiety.
14. Abnormal Security
Abnormal Security is a leading provider of behavioral AI-based email security platform, stopping sophisticated inbound email attacks and dangerous email platform attacks that evade traditional solutions. Their anomaly detection engine uses machine learning, identity, and context to analyze the risk of every cloud email event, preventing inbound attacks, detecting compromised accounts, and remediating threats in milliseconds. The platform can be easily deployed within minutes through API integration for Microsoft 365 or Google Workspace. Additionally, it offers more protection for Slack, Teams, and Zoom.
Based in San Francisco with over 500 employees, Abnormal Security is dedicated to keeping its customers protected against evolving cyber threats. Furthermore, they focus on using their behavioral AI platform to detect and stop AI-generated attacks. CrowdStrike, a leading cybersecurity company, has invested in Abnormal Security, forming a new partnership to combine behavioral AI with industry-leading XDR to stop breaches effectively. Abnormal Security's latest launch includes Security Posture Management, redefining cloud email security and providing robust protection against email platform attacks.
15. Sojern
Sojern is the go-to digital marketing platform for travel businesses struggling to connect with consumers in a crowded digital landscape. Their Travel Marketing Platform acts as a bridge, helping businesses find, attract, convert, and engage travelers effectively.
With easy-to-use software and services, powered by AI and traveler intent data, Sojern provides best-in-class multichannel marketing solutions to drive direct demand. Over 10,000 hotels, attractions, tourism boards, and travel marketers rely on Sojern annually to engage and convert travelers worldwide.
Milestone:
Sojern recently expanded its capabilities through the acquisition of VenueLytics, the hospitality industry's most integrated guest experience platform.
15. Cobalt
Cobalt infuses manual pentesting with speed, simplicity, and transparency. Its award-winning Pentest as a Service (PtaaS) model empowers organizations to keep pace with modern software development lifecycles in an agile world. Thousands of customers and hundreds of partners rely on Cobalt’s SaaS platform and closed community of more than 400 testers.
The company delivers pentests that support business drivers, maximize internal resources, and create stronger security programs so that organizations can maintain their competitive edge and velocity of innovation.
Milestone:
This year Cobalt released its fifth annual State of Pentesting Report. With stats from over 3,100 pentests and 1,000 survey responses from security teams across the US and EMEA, this is the definitive guide to where assets are vulnerable, what challenges are holding security teams back, and what strategies they’re planning to pursue to strengthen their defenses. Additionally, this year Cobalt turns 10 years and hits strides with new product advancements and company growth.
16. Juniper Square
Juniper Square, founded in 2014, is the industry leader in partnership enablement for the private funds sector. With a focus on empowering investment managers, Juniper Square streamlines operations, accelerates fundraising, and enhances investor satisfaction.
The company’s universal system connects General Partners (GPs) and Limited Partners (LPs) seamlessly throughout their partnerships, fostering efficiency, transparency, and accessibility in private capital markets. Over 1,800 GPs utilize Juniper Square to manage more than 32,000 investment entities, serving over 500,000 LPs with a total of $700 billion in investor equity.
Milestone:
During the company’s last fundraising round early this year, Juniper Square raised $133 million in growth capital. This investment was led by Owl Rock, a division of Blue Owl Capital, with contributions from Ribbit Capital, Redpoint Ventures, Felicis Ventures, Fifth Wall, and Pappy Capital.
17. SingleStore
SingleStore, headquartered in San Francisco, is a data technology company empowering businesses with high-speed intelligence. Their flagship product, SingleStoreDB, handles transactions and analytics simultaneously for structured, semi-structured, and unstructured data in real-time. By breaking down data silos, SingleStore provides a business intelligence ecosystem for real-time analytics, machine learning, and AI, accelerating innovation.
Leading brands like Hulu, Uber, and Comcast rely on SingleStore to unleash the power of their data, delivering exceptional, real-time experiences for customers. With 400 employees, SingleStore continues to innovate, ensuring businesses can operate with speed and simplicity, making the most of every data moment. Their exclusive partnership and reseller agreement with solutions by stc further solidify their position in the market.
Milestone:
Recently, SingleStore launched SingleStore Kai™ for MongoDB, a game-changing API for real-time analytics and AI applications on JSON data without query changes or data transformations.
17. Transcarent
Transcarent, based in San Francisco, is a health and care experience company that offers easy access to high-quality, affordable care. Through their mobile or web platform, Members can access a range of care services, including EveryDay Care, Pharmacy Care, Care@Home, Surgery Care, and support for complex needs like cancer and behavioral health. The company takes accountability seriously, using at-risk pricing models and transparent impact reporting to ensure a better experience, improved health, and lower costs.
With a team of 300 employees, Transcarent's mission is to empower health consumers by directly connecting them to a comprehensive ecosystem of high-value providers and health solutions. They provide transparent information and trusted guidance, enabling Members to take charge of their health, 24/7, right from their hand. Through strategic partnerships with ViewFi and Prescryptive Health, Transcarent continues to enhance the Surgery Care and Pharmacy Care experiences.
Milestone:
In April of 2023, Transcarent acquired the leading AI-powered virtual care platform and care business of 98point6. This milestone has positioned Transcarent as the most integrated and comprehensive health and care solution in the market, inclusive of 98point6’s world-class, chat-based technology, provider ecosystem, and Transcarent’s existing integrated solution partnerships and Centers of Excellence.
18. At-Bay
At-Bay is a leading insurance provider for the digital age, uniquely combining world-class technology with industry-leading insurance expertise. With strong backing from prominent investors, including Acrew Capital, Glilot Capital, and Khosla Ventures, At-Bay empowers businesses to thrive in the digital world. At-Bay offers modern insurance products and active risk monitoring services, partnering with brokers and businesses of all sizes and industries. The company takes pride in its diverse team with expertise from multiple industries, driving a culture of inclusivity and support.
As a globally distributed company with hubs in major cities, At-Bay has raised $292 million in funding to date. At-Bay recognizes the increasing dependence of businesses on technology and the associated risks that come with it. By addressing digital risk comprehensively and continuously, At-Bay provides clarity and confidence to businesses, allowing them to understand and manage risk effectively. At-Bay recently expanded its capabilities by acquiring a licensed P&C insurance carrier, further enhancing its offering and positioning in the insurance market.
Milestone:
At-Bay launched a new world first "InsurSec" solution named At-Bay Stance in April of this year, which is designed to help mid-to-small sized businesses close the persistent technology and skills access gap in security all through their cyber insurance policy. With 98% of cyber insurance claims in the past five years coming from the small business segment with revenue under $2 billion, according to a recent report from NetDiligence, providing an integrated solution to help businesses manage cyber risk is now more critical than ever. At-Bay Stance brings together best-in-class technology solutions and on-demand SecOps experts to help improve the security posture of every policyholder, regardless of their industry, budget, or technical expertise.
19. Octave
Octave is a modern behavioral health practice creating a new standard for care delivery that’s both high-quality and accessible to more people. With in-person and virtual clinics in California, Connecticut, Florida, New Jersey, New York, Texas, and Washington D.C., the company offers personalized care plans that can include individual, couples, and family therapy, while pioneering relationships with payers to make care more affordable through insurance. By raising the bar on how care is delivered and how providers are supported, Octave is building a sustainable system that values equity, affordability, and effectiveness.
Recently Octave announced its Series C round of funding, which will fuel the company’s expansion – as well as development of technology to improve the ease of engagement for clients, partners, and therapists. The round was led by Cigna Ventures, Novo Holdings, and Avidity Partners, and joined by all existing institutional investors, Health Velocity Capital, Greycroft Partners, Felicis Ventures, Company Ventures, and Obvious Ventures.
20. Sandbox VR
Sandbox VR is a trailblazer in the entertainment industry, offering the world's most immersive location-based virtual reality games. With over 35 global locations and a rapidly expanding presence, they lead as the premier destination for premium VR experiences. Sandbox VR's advanced technology, in-house developed AAA games, and exclusive Netflix collaboration make them a dominant force in the industry. Notably, the VR provider boasts over 30,000 five-star reviews from guests worldwide.
Headquartered in San Francisco, California, and with an office in Hong Kong, Sandbox VR has raised over $37 million in funding from a16z, Alibaba Entrepreneurs Fund, Gobi Partners, and Craft. Notable individual investors such as Justin Timberlake, Katy Perry, Kevin Durant, and Will Smith have also backed the company. With their unparalleled VR platform and compelling offerings, Sandbox VR continues to shape the future of entertainment and remains the fastest-growing location-based virtual reality company globally.
Milestone:
On June 23, 2023 Sandbox VR opened its 40th global location in Seattle, WA. That same month, the company released its seventh immersive virtual reality experience. Created by Sandbox’s in-house AAA gaming studio, Seekers of the Shard: Dragonfire transports players to a fantasy world to travel through a magical castle filled with intriguing characters and mysteries, and explore areas like a ruined fortress, an underground river, a haunted tomb, and the dragon's tower, all while proving their worthiness as Seekers of the Shard.
20. Fountain
Founded in 2014, Fountain's mission is to transform the hiring of hourly workers. As the leading Labor ATS and provider of hiring automation software for the hourly workforce, they streamline the hiring process and help employers find the right candidates quickly and efficiently. Additionally, Fountain's all-in-one high volume hiring platform is powered by AI technology and offers a seamless candidate experience. Applicants can apply from their phones in minutes, and automated, customizable processes save time for recruitment teams, enabling them to scale with growing hiring needs.
With advanced analytics providing end-to-end process visibility, managers can make data-driven decisions swiftly. The integrated platform helps companies find, qualify, and convert more applicants throughout the candidate journey. Headquartered in San Francisco with around 300 employees, Fountain serves global customers in 78 countries, facilitating the hiring of over 1.2 million workers annually.
Milestone:
The company recently announced its acquisition of Clevy, an international provider of AI conversational technologies. This acquisition is the latest in a series of developments to expand and strengthen Fountain’s AI capabilities.
21. Rimon PC
Embracing new technologies, Rimon PC takes an innovative, remote-based approach to the legal world. Entrenched industry norms like the billable hour, dated hierarchical structures, and management-controlled client fees waste time and money for lawyers and clients. Rimon’s unique model empowers its attorneys to freely utilize cloud-based technology and set individualized economic value propositions with their clients. As Covid-19 disrupted its competitors, Rimon’s model of remote working helped grow its attorney headcount by 20% annually.
In addition to headcount growth, Rimon has added new offices in Medellin, Sacramento, Dusseldorf, Dubai, and Albuquerque, and expanded its presence in key markets like Chicago, Miami, London, New York, and Northern California in the last 2 years. Rimon has also added new practice groups including government investigations, compliance, project finance and life sciences, while expanding its capacities in several areas including real estate, technology, intellectual property, and entertainment in this time.
21. OpenSpace
OpenSpace is the global leader in reality capture and AI-powered analytics, catering to construction and real estate companies of all sizes. Their platform enables customers to create interactive 360° digital views of their built environment, facilitating efficient operations and risk reduction. Headquartered in San Francisco with 300 employees, OpenSpace has already captured more than 17 billion square feet of imagery from construction projects across thousands of sites in over 93 countries.
With OpenSpace, builders can easily capture comprehensive visual records of their job sites, simplify dispute resolution, and ensure team accountability. Their AI-powered computer vision and analytics tools provide visibility and insights, allowing for BIM-to-as-built comparisons, automatic progress tracking, and adherence to schedules. The platform streamlines workflows, enhancing communication, resource allocation, and decision-making.
Milestone:
Recently the company introduced a new product, OpenSpace BIM+, to address the gap with construction teams utilizing BIM (building information models) in the field. OpenSpace also partnered with Revizto, a complementary technology, to accelerate value to its customers. Furthermore, last year the company raised $111 million in a Series D, giving it a strong runway for continued business growth.
22. Sunbasket
Sunbasket is a meal delivery brand on a mission to help people live their healthiest lives, starting with what’s on their forks. Since 2014, Sunbasket has been delivering nutrient-rich, restaurant-quality meal kits and healthy snacks, crafted by award-winning chefs and dietitians from organic fresh produce, right to consumers' doorsteps. The brand’s meals feature all sustainable seafood, antibiotic- and hormone-free meats, and clean ingredients.
In 2023, Sunbasket joined forces with its sister brand Gobble, under parent company Intelligent Foods. Led by Gobble co-founder and Executive Chef, Thomas Ricci, both kitchens and distribution centers were combined, setting the stage for high growth and operational optimization. In June 2023, the two brands announced their first-ever collaboration—with the 4th of July BBQ Box, which also marked the first time that Sunbasket offered meal kit access to non-subscribers (as well as subscribers), unlocking a brand new e-commerce holiday storefront channel for consumers to enjoy.
23. DeepScribe
DeepScribe is the most widely adopted ambient AI medical scribe. Founded in 2017 and based in San Francisco, DeepScribe’s AI-generated medical notes are trusted by hundreds of clinicians at both large and small healthcare systems, in rural and metro areas, from coast to coast across America. The company, whose mission is to bring the joy of care back to medicine by providing a solution to clinicians and healthcare systems affected by the burden of patient encounter documentation, has raised over $30 million in funding.
Since its funding, DeepScribe has been able to scale rapidly and has recorded over 2 million patient encounters. This growth has enabled DeepScribe’s AI technology to be trained on the largest clinical dataset and become a leader in the healthcare provider documentation industry. Over the years, DeepScribe has become a highly trusted AI-powered company that continues to help decrease medical documentation errors, increase patient satisfaction, alleviate clinician burnout and increase healthcare system efficiencies.
24. Tempo
With a founding mission to bring personal training to more people, Tempo is known for its award-winning Tempo Studio and Tempo Move products that transform any room into a fitness studio. Building on that heritage, Tempo recently unveiled the only adaptable training plans on the market.
Notably, Tempo integrates biometry, AI and 3D camera technology to create an individualized workout every day that is based on your body’s needs to ensure results. Using strength as the foundation to all fitness journeys, Tempo training prioritizes lifting free weights as the optimal way to gain strength for everyday life.
25. HappyCo
HappyCo is a leading multifamily PropTech company that develops software and service solutions to enable real-time property operations for owners, property management companies, and onsite teams. With in-unit data on over 3.5 million rental homes, HappyCo offers market-leading workflow tools, a resident portal, and a remote maintenance workforce solution. Founded in 2011 in Adelaide, Australia, the company is now headquartered in the U.S. In addition, it has a remote workforce spread across the U.S., Canada, and Australia – totaling more than 200 employees.
HappyCo's comprehensive solutions cater to PMCs of all sizes, providing full portfolio lifecycle support from acquisition to disposition, ensuring seamless property management and enhanced performance. The three product lines offered by HappyCo include Happy Asset, providing asset management solutions to evaluate and close deals; Happy Property, offering onsite management solutions to optimize operations; and Happy Force, delivering remote maintenance solutions to retain staff and residents.
Milestone:
To date, HappyCo’s most notable 2023 milestone is its evolution from a single-product provider, to a multi-product software and service solutions provider for its multifamily customers – which the company recently unveiled during the industry's largest annual event, the National Apartment Association's Apartmentalize Conference in early June.
