- Business Insider compiled a list of 53 of the most valuable enterprise technology startups in the US using data from technology market databases PitchBook and CB Insights.
- The list includes startups worth more than $1 billion that sell technologies such as cloud computing, software, and developer tools.
- The list turned up several cases of startups having to significantly cut staff, raise money at a lower valuation, or take other cost-saving measures to weather the pandemic.
- Visit Business Insider’s homepage for more stories.
The enterprise tech unicorn club is bigger than ever.
Business Insider compiled a list of 53 of the most valuable enterprise technology startups in the US using data from technology market databases PitchBook and CB Insights and found that they’re collectively worth as much as $216 billion.
We’ve defined “enterprise technology” fairly broadly for the purposes of this list: We focused on startups valued at more than $1 billion that are largely selling their technology to other companies in areas including — but not limited to — cloud computing, software, and developer tools.
PitchBook provided a list of its top 30 venture-backed enterprise technologies companies in the US, but Business Insider’s definition means that some companies on the list, including SpaceX (valued at $35.8 billion), Waymo (valued at $30.75 billion), and DoorDash (valued at $16 billion) didn’t make it onto this ranking.
We also search CB Insights’ database of private companies valued at $1 billion or more and searched for companies that matched our definition.
Notably, the list of 53 enterprise startups includes only one led by a women: Magic Leap’s newly appointed CEO Peggy Johnson, and she doesn’t technically take over until next month. Silicon Valley Bank’s 2019 Women in Technology Leadership study found that only 56% of startups have at least one woman executive and only 40 percent have at least one woman board director.
Men of color and women of all backgrounds also typically have a harder time raising startup funding: Black-founded startups, for example, accounted for just 1% of venture-capital-backed companies between 2014 and 2019, as noted in a recent Business Insider story on the challenges Black entrepreneurs face.
While enterprise startups are expected to be more insulated to the effects of the downturn than consumer technologies, our list turned up several cases of companies having to significantly cut staff, raise money at a lower valuation, or take other cost-saving measures to weather the pandemic, which we’ve noted accordingly.
Here are 53 of the most valuable enterprise technology startups, according to a Business Insider analysis of PitchBook and CB Insights estimates:
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