The covid-19 pandemic has helped to boost a large number of startups that provides digital services. This has led to the rise of more creative ideas and entrepreneurs.
When researching the top startups, I came across mind-blowing plans executed by the leading startups of the era. Most entrepreneurs faced problems managing some of their tasks and found it an inspiration to create a business proposal.
Fascinated by those business proposals, investors help the entrepreneur to execute the proposal and make it a success.
What’s more? Let us look at the top startups of the year 2022 that bloomed in the industry.
Top Startups In 2023: In A Nutshell
In case you don’t have enough time or are stuck in a busy schedule, you can refer to the following table. It consists of a glimpse of the details of the startups listed.
|SR. No||Startup||Founders of The Startup:|
|1.||0x Labs||Amir Bandeali and Will Warren|
|2.||AtoB||Harshita Arora, Tushar Misra, Vignan Velivela|
|3.||Discord||Jason Citron and Stan Vishnevskiy|
|4.||Gong||Eilon Reshef and Amit Bendov.|
|5.||Astera Labs||Sanjay Gajendra, Jitendra Mohan, Casey Morrison|
|6.||Atmosphere||Alen Durbuzovic, Michael Grisko, John Resig, Leo Resig , Eric Spielman|
|7.||Guild Education||Rachel Romer Carlson|
|8.||Boulevard||Mattew Danna, Sean Stavropoulos|
|9.||Celona||Vinay Anneboina, Ravi Mulam, Rajeev Shah, Mehmet Yavuz|
In the following article, I have listed the top 9 startups of 2022. You will come across various details like founders, funding raised, Lead investors, revenue generated, and a basic company overview.
1. 0x Labs
0x labs is a decentralized token exchange platform launched in August 2017. The team visualizes a world that will tokenize all forms of valuable commodities on public blockchains. These valuables include fiat currencies, bonds, stocks, commodities, debt instruments, video games, real estate, digital collectibles, reputation, software licenses, etc.
Its main purpose is a decentralized p2p exchange without any involvement of the middleman. It will be free for the users and will run on open-source codes. They provide a platform for business owners and developers to create a new market for their tokens, consisting of Ethereum and Avalanche.
The team also operates the Decentralized Exchange aggregator Matcha. It is a search engine that helps traders to save costs by sorting and displaying the best prices across different exchanges.
In 2021, the revenue earned by the 0x labs was approximately $5 million. However, in the year, the estimated payment is twice that achieved in 2021.
Founders of the startup: of the startup: Amir Bandeali and Will Warren
Funding raised by the startup: $85 million
Lead investors of the startup: Greylock Partners, and Pantera Capital
AtoB is a startup that helps to save drivers on their fuel expenses. The main product of the startup is the AtoB fleet fuel card. It helps truck drivers save incredibly on their gas and fuel costs by offering discounts. It applies to all truck stops and gas stations nationwide.
One of the fastest-growing fleet fuel cards in the market. There are no monthly, no late, and no transaction fees. Moreover, you get credit access to your fuel consumption with no personal guarantee, and Visa powers the card. On each transaction, the owners get a 5-cent discount per gallon.
They have also built a dashboard to provide the truckers updates about the fuel prices and exact fuel charges, which are connected to fleet tracking software. This prevents any occurrence of fraud cases and makes the system safe and trustworthy.
The revenue generated by the startup in 2021 was $2 million. The company has recently launched a new payroll product. With the help of this new launch, the predicted revenue for the year 2022 is expected to cross $20 million.
Founders of the startup:: Harshita Arora, Tushar Misra, and Vignan Velivela
Funding raised by the startup: $100 million
Lead investors of the startup: Bloomberg Beta, Elad Gil, and General Catalyst
It was launched in the year 2015. Discord is a chat service that is made by gamers, especially for the use of gamers. It is easy to use and a free platform. You can send voice notes, messages, and live chat. It comprises rooms, communities, Themes, servers, etc. You can also use it for one-to-one communication.
Furthermore, it has features that allow video chat, screen sharing, etc. Discord considers privacy and security as its primary focus. Users can manage the amount of data they share about themselves by managing the privacy settings menu.
It is available on web apps for your PC, and it has a mobile app available on ios and android. Game developers can now develop their games and distribute them on Discord using the developer’s portal. The developer owns 90% of the game’s revenue, and 10% goes to Discord.
The primary revenue earned by Discord comes from the Discord Nitro. It is a premium subscription for loyal discord users. It provides features like a better user experience, HD video quality streams, a larger file upload size, personalized avatars, stickers, etc.
In 2020, the revenue generated by Discord was $130 million, and it will be $500 million approximately in the year 2021.
Founders of the startup:: Jason Citron and Stan Vishnevskiy
Funding raised by the startup: $979 million
Lead investors of the startup: Benchmark, Index Ventures, Greylock Partners, Tencent, Greenoaks Capital Partners.
Gong was founded in the year 2015. It uses machine learning and deep learning to analyze sales activities and frontline conversations with clients. After analyzing the data, it gives detailed insights to companies about their sales process. It helps them understand and improve the areas they are lagging with sales.
The recently launched product is the Gong forecast. It creates revenue forecasts that depend on the real-time interactions of the team with clients. It integrates with the company’s Customer relationship management (CRM) and provides the needed insights with AI.
Moreover, it provides the sales team with recommendations to help them close deals and increase sales rates. Its revenue intelligence tracks the agreement that will close and save the ones on the loss. Gongs also play a role in priding visibility to companies. It also tracks who is selling and cracking the deals. In 2022, Gong’s revenue is estimated to be more than $120 milli0n.
Founders of the startup:: Eilon Reshef and Amit Bendov.
Funding raised by the startup: $583 million.
Lead investors of the startup: Battery Ventures, Next world capital, Sequoia Capital, Wing Venture capital, Norwest Venture Partners, Shlomo Kramer, and Cisco investments.
5. Astera Labs
Astera Labs was founded in the year 2017. It is a connectivity solution to help the data flow smoothly despite the heavy workloads on the cloud platforms.
The product LEO launched by Astera labs belongs to the cloud computing domain. It is in line with CXL memory connectivity platforms. The product is built to extend and pool memory in the cloud. This supports complex data-centric workloads like AI and machine learning.
They are the industry’s leading purpose-built SOC and Turnkey solution. Moreover, they support both memory expansion and memory pooling, solving the problem of capacity constraints.
The revenue in 2021 was approximately $35 million. With an increase in data centers, the expected revenue by the end of 2022 is $100 million.
Founders of the startup:: Sanjay Gajendra, Jitendra Mohan, and Casey Morrison
Funding raised by the startup: $85 million
Lead investors of the startup: Avigdor Willenz Group, Fidelity, and Sutter Hill
The platform was launched in the year 2018. It provides free facilities to the users. A significant part of the revenue for the platform comes from ads by the clients like Jack Daniels, government agencies, Draft Kings, and state lotteries.
It streams in 30,000+ global venues. The approximate value of unique visitors per month is 35 million. Atmosphere Tv is a streaming platform made exclusively for businesses. It has more than 50 family-friendly audio channels at a fraction of the cost of regular cable.
The service is free with a one-time activation fee. You can also advertise your business on TV. It allows you to take control of your tv and helps to increase customer engagement.
Their approximate revenue in the year 2021 was $25 million. The estimated revenue for this year is supposed to be $117.9 million.
Founders of the startup: Alen Durbuzovic, Michael Grisko, John Resig, Leo Resig, and Eric Spielman
Funding raised by the startup: $140 million.
Lead investors of the startup: S3 Ventures, SageView Capital, and Valor Funding Partners
7. Guild Education
The platform was founded in the year 2015. It is an Edtech platform. They offer an upskilling program for professionals and various learning courses.
It helps to provide employees with debt-free degrees and online courses at non-profit and public colleges and universities. Moreover, it includes high school, trades, college, and graduate-level degrees.
The clients of Guild education are Walmart, Disney, Taco Bell, Lowes, etc. These certificated increase the chances of employees by 7.5 to get promoted.
Founders of the startup:: Rachel Romer Carlson
Funding raised by the startup: $150 million
Lead investors of the startup: Bessemer Venture Partners, General Catalyst, Redpoint, Felicis Ventures, and Harrison Metal
Boulevard is an appointment-based, self-care business. It schedules and manages the clients to provide them with a great experience. You can book an appointment for Salons, Medspa, Spas, Massage therapy, Barbershops, Nail salons, etc.
The platform was launched in the year 2016. The founders spent their time interviewing salon managers to understand the weak points to design a user-friendly and modern platform that meets the needs of the businesses.
More than 2000 businesses are integrated with the platforms, with 25000+ active professionals. There are more than 530,000 appointments made every month using the platform.
Their estimated revenue in the year 2021 was $16 million.
Founders of the startup:: Mattew Danna and Sean Stavropoulos
Funding raised by the startup: $130 million
Lead investors of the startup: Bonfire Ventures, Index Ventures, Point72, and Toba Capital
Founded in 2019, Celona is based on combining 5G technology, edge computing, machine learning, etc., on helping the changes in the working of organizations and businesses.
Celona uses LTE 5G instead of wifi. Made to align with the application requirement, Celona uses microservices in their network operating systems.
The platform includes Machine learning libraries and AI-based network automation for app intelligence. Their 5G Lan solution is suitable for digital applications and practical business opportunities. In the year 2021, the estimated revenue of the platform was $3 million.
Founders of the startup:: Vinay Anneboina, Ravi Mulam, Rajeev Shah, and Mehmet Yavuz
Funding raised by the startup: $100 million.
Lead investors of the startup: DigitalBridge Group, Lightspeed Venture Partners, Norwest Venture Partners, NTT Venture Capital, and Qualcomm Ventures
Wrapping Up: Top Startups (2023)
That’s all for the Top Startups in 2022.
We have considered factors like the employment growth rate of the company, revenue earned each year, percentage of job interests, position in the market, and other factors.
The attraction of the top talents can also measure a leading startup. With the increasing rate of literacy of finances and other knowledge and a solution-oriented outlook, the number of startups has grown tremendously.
A unique idea and a workforce with more than 50 full-time employees are necessary to lay a foundation for successful startups.
Resources: Forbes, LinkedIn news