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5 Successful Start Ups of Year 2019 | United States

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Mark Galieo

Vybeliving #232 Mission Street

calander

13 Mar 2020

Successful Start-Ups

Henry Ford, and other current global industry leaders such as PayPal, SpaceX, Google, YouTube, etc., shaped the world we live in today. But once, each of these companies were startups that shook the world and became successful.

But how do you define success? Is it their revenue? The profits they make? Or the series of funding they receive? Beyond all this, I believe that a successful startup is one that makes an impact not just within the industry but on its customers as well, and there are many companies currently that fit the bill. 

Here are the top 5 Startups of 2019 that were successfully able to make an impact and turn numbers in their favor.

1. Snowflake (Cloud Data Platform)Snowflake

Known as one of the hottest and fastest-growing brands in the Silicon Valley, Snowflakes has recently reached a valuation of $12.4 billion - 4 times more than the one made in October 2018 ($3.9 billion). Snowflakes have brought exceptional levels of integration to data warehousing making it more flexible, cost-effective, and accessible. Data warehousing services from Snowflake are available on different cloud platforms and include per-second pricing that enables organizations to break free from the past. The company is currently growing at a rate of 293% which is rocketship growth. With customers like DoorDash, Office Depot, Netflix, and Yamaha, the company deserves the amount of funding it has obtained till date.

2. Samsara (IoT and Services)

Samsara

An industrial IoT company founded in 2015, Samsara is a San Francisco-based startup that has made its mark on the industry by providing top-quality services at reasonable pricing. The company had raised $300 million in its last funding and $530 million in total, which clearly shows investors’ trust in the brand. Samsara focuses on increasing safety, efficiency, and sustainability of the processes that are the backbone of organizations worldwide. Samsara provides complete IoT services, including hardware, software, and cloud integration with an aim to add real-time visibility, AI integration, and analytics to operations. The clientele of Samsara includes 10,000+ clients across the globe–from startups to Fortune 500 companies spread through almost every industry. Such diversity in its clientele also shows the company’s ability to provide tailor-made services as per their clients’ requirements and budget. Its growing range of solutions includes vehicle telematics, mobile workflow, industrial process controls, and asset tracking.

3. Brex (Fintech)

Brex

Brex is a Fintech company that took the startup world by storm with its sought-after services designed specifically according to the financial requirements of the modern corporations. Similar to a typical Steve Jobs, Mar Zuckerberg-Esque startup story, the idea for Brex incepted in the minds of Henrique Dubugras and Pedro Franceschi when they met each other. Today, both are 22 years old and Brex values at approx. $1.1 billion. Brex became successful because it had precisely the right array of services for corporations. Also, the company addressed the need for credit in small businesses that are often seen as a risk by other banks. The wide range of services from Brex includes virtual corporate cards along with cash and expense management, ERP and accounting integrations, and fraud protection.

4. Peloton Interactive (Health, Wellness, and Fitness)Peloton Interactive

Peloton is a fitness and health-oriented startup that has successfully implemented the idea of boutique-fitness. The company has taken fitness on a whole new level through guided fitness sessions and a few products such as a cycling bike and a treadmill, but with a twist. Both products are interactive and can guide members through their workout. Members can interact with the trainers provided by the company while they are working out on the equipment. Listed on NASDAQ, Peloton uses a combination of technology and content provided by the best-in-class instructors to empower members. They have an ever-growing library of classes with curated music designed to deliver the best fitness-on-demand experience.

5. Compass (Real Estate)Compass

Compass is a New York-based startup that has disrupted the antiquated real estate industry with the help of technology and innovative ideas. This is a solution-based company that caters to all types of clients and industries: from personal household to commercial space and from a commercial building to a sports and entertainment property. With its fast and ambitious expansion plans, Compass is now aiming to offer its services outside the US. With its last funding of $400 million, Compass now values at a whopping $4.4 billion. Compass works with a huge network of more than 7,000 agents on a national level that guides and helps their clients in almost every aspect related to the buying and renting process. The company boasts a range of services such as concierge, bridge loan, neighborhood guides, etc.

Creating a successful startup is every entrepreneur’s dream and it takes a lot to make it through. But the critical thing that lays an important role in making a startup successful is its problem-solving ability. Startups that want to solve problems, whether on a social or industrial level, get the attention of both their customers and investors. 

 


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