2020 Best Tech Startups in Boston

September 1, 2019November 15, 2022 thetechtribune

The Tech Tribune staff has compiled the very best tech startups in Boston, Massachusetts. In doing our research, we considered several factors including but not limited to:

Revenue potential
Leadership team
Brand/product traction
Competitive landscape

Additionally, all companies must be independent (unacquired), privately owned, at most 10 years old, and have received at least one round of funding in order to qualify.

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1. DraftKings

Founded: 2012

Also honored in:

“DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland and Austria. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game’.”

2. Toast

Founded: 2011

Also honored in:

“Toast is an all-in-one point-of-sale and restaurant management platform.

As a cloud-based system built specifically for restaurants, Toast offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface.”

3. Cybereason

Founded: 2012

Also honored in:

“Cybereason is the leader in endpoint protection, offering endpoint detection and response, next-generation antivirus, managed monitoring and IR services.

Founded by elite intelligence professionals born and bred in offense-first hunting, Cybereason gives enterprises the upper hand over cyber adversaries.

The Cybereason platform is powered by a custom-built in-memory graph, the only truly automated hunting engine anywhere. It detects behavioral patterns across every endpoint and surfaces malicious operations in an exceptionally user-friendly interface.

Cybereason is privately held and headquartered in Boston with offices in London, Tel Aviv, and Tokyo.”

4. Circle

Founded: 2013

Also honored in:

“Can we really shape the world for the better?

We’re a global crypto finance company on a mission to make it possible for anyone, anywhere to help change the global economy.

Circle was founded in 2013 because we believe money should work like the internet – open, secure, free, everywhere. Today, we offer four products. Circle Invest makes it easy to invest in crypto even if you’ve never invested in crypto. With Circle Pay, you can send money like a text – across the table or the ocean.”

5. DataRobot

Founded: 2012

Also honored in:

“DataRobot offers a machine learning platform for data scientists of all skill levels to build and
deploy accurate predictive models in a fraction of the time it used to take. The technology addresses the critical shortage of data scientists by changing the speed and economics of predictive analytics.

The DataRobot platform uses massively parallel processing to train and evaluate 1000’s of models in R, Python, Spark MLlib, H2O and other open source libraries. It searches through millions of possible combinations of algorithms, pre-processing steps, features, transformations and tuning parameters to deliver the best models for your dataset and prediction target.”

6. Iora Health

Founded: 2011

Also honored in:

“Iora Health is building a different kind of health system. The company delivers high impact relationship based care starting with primary health care. Built from the ground up, the Iora care delivery model ensures radically improved service, better health outcomes, and dramatically lower overall health care costs.

The Iora model of health care changes everything – payment, staffing, processes, IT systems, and culture. We have no status quo to defend, no arcane rules we must follow. Our only goal is to dramatically improve the experience and quality of care for everyone.”

7. Klaviyo

Founded: 2012

“Klaviyo helps growth-focused ecommerce brands drive more sales with super-targeted, highly relevant email, Facebook and Instagram marketing campaigns.

Unlike other email or marketing automation solutions, we’re really good at getting data out of your ecommerce platform – whether it’s Shopify, Magento, a custom implementation, or something else. We let you combine that data with website behavior and information from other marketing tools, then use it to target, personalize, analyze, and optimize your marketing.”

8. BitSight Technologies

Founded: 2011

Also honored in: 2018 Best Tech Startups in Cambridge

“Founded in 2011, BitSight transforms how organizations manage information security risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help manage third party risk, underwrite cyber insurance policies, benchmark performance, conduct M&A due diligence and assess aggregate risk. Organizations worldwide, including seven of the top 10 cyber insurers, 20% of Fortune 500 companies, and 3 of the top 5 investment banks use BitSight’s proven Security Ratings technology on a daily basis to make integral risk and business decisions. With over 1,000 customers and the largest ecosystem of users and information, BitSight is the most widely used Security Ratings Service.”

9. Nasuni

Founded: 2009

Also honored in: 2018 Best Tech Startups in Boston

“Nasuni (NAS Unified) is the leading provider of cloud-scale enterprise file services. Powered by UniFS®, the first cloud-native file system, Nasuni transforms enterprise file infrastructure with an integrated solution that surpasses the individual capabilities of traditional NAS filers, data protection software, enterprise file sync and share software, DR infrastructure, and WAN acceleration solutions. With Nasuni, enterprises gain the file storage scalability and durability of public and private cloud object stores, the file access performance and security of on-premises edge appliances, and the simplicity, predictability, and affordability of SaaS. Nasuni provides unlimited capacity, unequaled recovery point and recovery time objectives (RPO/RTO), and unrivaled cost savings, while enabling IT to meet strategic “cloud-first” and business agility initiatives.”

10. Algorand

Founded: 2017

“Based in Boston and founded by cryptography pioneer and Turing award winner Silvio Micali, Algorand is an open-source software company building technical innovation for the borderless economy with a platform that delivers decentralization, scalability and security. Algorand’s first-of-its-kind, permissionless, pure proof-of-stake protocol supports the scale, open participation, and transaction finality needed by users to build opportunity and fulfill the promise of blockchain technology.”