Aaron Holmes,Berber JinWed, December 23, 2020, 9:12 PM GMT+1·25 min read
- We asked a group of investors at successful venture capital firms to name the startups set for big success next year from inside and outside their portfolios.
- VC named so many enterprise startups — those that make tech for businesses — that we couldn’t include them all our main list. (Read 81 startups that will boom in 2021.)
- Some of these startups are experiencing rapid growth because of the pandemic, others in spite of it.
- The result is this exciting list of enterprise startups that are sure to boom in 2021.
- Visit Business Insider’s homepage for more stories.
2020 has reshaped the way companies across the globe do business – and those changes are will stretch into 2021 and beyond.
Amid the changes brought about by the COVID-19 pandemic, a crop of startups has risen in prominence to help businesses adapt to the changing landscape. At the same time, other startups are succeeding irregardless of the pandemic because they provide new innovations that solve age-old problems faced by companies.
Business Insider asked a select group of venture capitalists about the startups they believe are likely to experience big growth in the coming year. They were asked to name startups inside and outside of their portfolios, meaning startups that their firms had invested in as well as ones with which they have no financial relationship.
We published one big list of 81 startups that will boom in 2021 but VCs nominated so many enterprise startups that we couldn’t include them all in that larger list.
So we created the following list, organized alphabetically, of the promising venture-backed companies serving the $4 trillion a year business-to-business tech market, as named by VCs. We included the estimates of their total funding according to deal database Pitchbook.
Here are the 45 enterprise startups that VCs say are set to make it big in 2021.
Abacus.ai: AI-powered data science for companies
Startup: Abacus.ai
VC: Satish Dharmaraj, Redpoint
Relationship: No relation. VC just thinks it’s cool.
Total funding raised: $40.25 million
Headquarters: San Francisco
What it does: helps companies make accurate predictions using AI in any system that collects data.
Why it will boom in 2021: Abacus brings “state-of-the-art AI techniques to companies of all sizes,” said Dharamaraj. “Their technology is especially helpful where there is noisy, incomplete, or little training data, and with companies pulling in more data sources than ever before, they are destined to have a big year next year,” he added.
Ally.io: Productivity software for offices
Startup: Ally.io
VC: Soma Somasegar, Madrona
Relationship: No relation, VC just thinks it’s cool.
Total funding raised: $26 million
Headquarters: Bellevue, WA
What it does: Makes productivity software for companies to internally track objectives and key results.
Why it will boom in 2021: “Particularly in an environment where the vast majority of employees are operating remotes, this is a great tool for teams to operate in a high performance environment with the right level of agility,” Somasegar said.
Anyscale: distributed computing projectsStory continues
Read Full Info : https://www.businessinsider.com/vcs-name-the-enterprise-startups-that-will-soar-in-2021-2020-12
