It is just 1 month to welcome 2015 and let us see here the list of most demanding startups in the Bay Area for the year 2014. We have gone through some reliable sources and statistics to compile this list and this data is based on the activities of the companies from February to July. The startups on this list boast the strongest talent boards among the Bay Areas startups. Here is the list of 10 Bay Area startups in most demand. This list includes companies like coursera, minted, Bromium and more.
Lytro Inc, is founded by Ren Ng, light filed researcher at Stanford University, in 2006. This company manufactures plenoptic cameras for the consumer use. In 2011 the company has first released its first generation pocket sized camera which is capable of refocusing the images after being taken. In February 2012, the company has won Silicon Valley/ San Jose business Journal’s idea and innovation award in the consumer technology category. As of late 2011 it has raised $50 million funding approximately which was led by NEA with the investors including Andresssen Horowitz, Greylock partners, K9 Ventures along with some individual investors.
Theranos is the health technology and medical laboratory services company based in Palo Alto, California which provides the blood tests. It was founded in 2003 by Elizabeth Holmes with the goal of streamlining and standardizing the blood tests with their own made hand held device. The company has raised $16 million in the two rounds of initial fundraising and $28.5 million in third round in 2006. In 2010 it raised an additional $54 million from single unnamed investor bringing its total funding to $70 million.
Fitbit is founded and managed by James Park and Eric Friedman and it is known for activity trackers, wireless-enabled wearable devices which measure the data such as number of steps walked, quality of sleep and other personal metrics. Fitbit has won numerous awards including the runner-up at TechCrunch50 in 2008 and CES 2009 Innovation honoree and best in the Health and Wellness category. Here are some Fitbit products, Fitbit ultra, Fitbit One, Fitbit Zip, Fitbit Flex, Fitbit Force, Fitbit Charge and more.
Coursera is the educational technology company founded by Andrew Ng and Daphne Koller from Stanford university which offers massive open online courses. It is headquartered in Mountain View, California and it has currently more than 10 million users. In September 2013 it announced that it has earned more than $1 million revenue through the verified certificates that authenticate successful course completion. As of December 2013 it has raised $85 million in the venture capital.
Minted is an online market place for the independent artists and designers and it crowdsources art and graphics design through open monthly challenges. public votes for winning entries and minted produces the winning work as stationery, wall art and decor. It was founded in April 2007 by Mariam Naficy. It has raised approximately $90 million from the investors including the Norwest venture partners, Technology Crossover Ventures, Benchmark capital led by Peter Fenton, Yahoo CEO Marissa Mayer, IDG Ventures, Yelp CEO Jeremy Stoppelman and Eventbrite founders Julia Hartz and Kevin.
Wealthfront is an automated investment firm headquartered in Palo Alto, California and was founded by Andy Rachleff and Dan Caroll in 2008. Weakthfront is backed by DAG Ventures, Benchmark Capital and Index ventures. As of May 2014 Wealthfront has more than $1 billion assets under its management According to the article in TechCruch in 2014, Wealthfront is the largest and fast growing software based financial adviser.
Bromium is the venture backed start-up which works on virtualization technology headquartered in Cupertino, California. It focuses on virtual hardware to eliminate the computer threats like malware, adware and viruses. It was founded in 2010 by Gaurav Banga along with Simon Crosby and Ian Pratt. It has raised approximately $75.7 million total in three rounds of venture funding from Andreessen Horowitz, Lightspeed Venture partners, Ignition partners, Intel Capital, MeriTech Capital partners and Highland Capital partners.
Twilio is the cloud communications startup company headquartered in San Francisco, California. It allows the software developers to programmatically make and receive the phone calls and text messages using the web services APIs accessed over HTTP and billed based on usage. It was founded in 2007 by Jeff Lawson, John Wolthuis and Evan Cooke. As of September 2014 more than 4,00,000 developers use this service. It has raised more than $103 million in venture capital growth funding.
Egnyte is the start-up offers enterprise file services for businesses and unlike the cloud-only storage providers. It has 1.1 million users in 40,000 companies and some of its prime clients include Home Depot, Nasdaq, Ikea and Coach. It employs more than 200 employees world wide and it is hiring at the rate of two to three employees per week as of May 2014. It was founded in 2007 and headquartered in Mountain View, California by the team of high-tech veterans and engineering experts.
10. Leap Motion
Leap Motion Inc manufacturers and markets the computer hardware sensor device which supports hand and finger motions as input which is analogous to mouse. It was founded in 2010 by Micheal Buckwald and David Holz headquartered in San Francisco, California. It has raised $1.3 million seed financing round in June 2011 with the investments from Andreessen Horowitz, Founders Fund and SOS ventures and some other angel investors.