2024 Best Tech Startups in Illinois

January 28, 2024 thetechtribune

Photo credit to Randy von Liski

The Tech Tribune staff has compiled the very best tech startups in Illinois. 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. Tempus

Tempus

Founded: 2015

Also honored in:

“Tempus is making precision medicine a reality by applying AI in healthcare, deriving insights from our expansive library of clinical data and molecular data. We enable physicians to make real-time, data-driven decisions to deliver personalized care and targeted therapies for patients through our analytical machine learning platform that uses the power of artificial intelligence in healthcare. We also work with partners to facilitate discovery, development, and delivery of optimized therapeutic options for patients through distinctive solution sets.

Our mission is for each patient to benefit from the treatment of others who came before by providing the healthcare industry tools that learn as we gather more data. It’s About Time.”

2. project44

project44

Founded: 2014

Also honored in:

“project44 is on a mission – to make supply chains work. We optimize the movement of products globally, delivering better resiliency, sustainability, and value for our customers.

As the supply chain connective tissue, we operate the most trusted end-to-end visibility platform that tracks more than 1 billion shipments annually for the world’s leading brands.

project44 is the world’s most robust multimodal network, operating in over 170 countries and more than 20 languages. Our approach to global and multimodal connectivity enables supply chain and logistic professionals to track inventory throughout their entire journey.”

3. Kin Insurance

Kin Insurance

Founded: 2016

Also honored in: 2023 Best Tech Startups in Illinois

“Kin is the home insurance company built for the future. By leveraging thousands of property data points, Kin customizes coverage and prices through a super simple user experience. Kin offers homeowners, landlord, condo, and mobile home insurance through the Kin Interinsurance Network (KIN), a reciprocal exchange owned by its customers who share in the underwriting profit. Because of its efficient technology and direct-to-consumer model, Kin provides exceptionally low prices without compromising coverage.”

4. Loadsmart

Loadsmart

Founded: 2014

Also honored in:

“Loadsmart revolutionizes the logistics landscape by combining cutting-edge technology with high-level transportation services to optimize freight spend, increase efficiency, and enhance service quality. Whether it be through managed transportation services, new generation TMS, dock scheduling software, truck management solutions, dynamic freight brokerage, or tailor-made optimization solutions, we empower shippers, carriers, and warehouses to move more with less.. For more information, please visit: https://loadsmart.com.”

5. ShipBob

shipbob

Founded: 2014

Also honored in:

“Founded in 2014, ShipBob offers best-in-class supply chain and fulfillment capabilities for thousands of brands. ShipBob has an international fulfillment network across the US, Canada, UK, EU, and Australia. ShipBob’s proprietary technology combines order and inventory management, warehouse management, predictive data and analytics, as well as optimized shipping for ecommerce companies.”

6. M1 Holdings

M1 Finance

Founded: 2015

Also honored in:

“M1 is a fast-growing fintech company and personal finance platform made for the modern era. Hundreds of thousands of investors take control of their long-term wealth with M1 and have already trusted us with over $6 billion of assets. As the Finance Super App™, we empower financial well-being with all the tools to invest, borrow, spend and save: high-yield savings, automated investing tools, paperwork-free margin loans, low-cost personal loans, high cash-back credit card rewards that can be automatically re-invested

From 2020 to 2021, the company grew from 82 employees to 236 employees and in 2021 became a fintech unicorn with a valuation of $1.45 billion. Today, the 260+ M1 team spans the United States with headquarters in Chicago.”

7. Clearcover

Clearcover

Founded: 2016

Also honored in:

“We offer affordable car insurance that’s smarter, faster and puts your needs above all else, helping you make informed decisions every step of the way. We help you save money while delivering the industry’s fastest claims, easy payments, and exceptional services.

Our API-first approach helps you save money while delivering the industry’s fastest claims, easy payments, and exceptional services. We make payments easy and offer convenient policy management through an award-winning mobile app. Our powerful technology, coupled with our dedicated Customer Advocate team, provides an excellent insurance experience with affordable rates.”

8. Amount

Amount.com

Founded: 2019

Also honored in:

“Amount accelerates seamless omnichannel customer experiences with a full suite of end-to-end retail banking and point-of-sale solutions.

Power new and unique digital banking experiences in just months–not years.”

9. FourKites

FourKites

Founded: 2014

Also honored in:

“FourKites is the world’s leading supply chain intelligence platform, delivering real-time visibility and execution for 1200+ companies and third-party logistics firms across 200 countries. Using a patented artificial intelligence to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance, and strengthen end-customer relationships.

Tracking over 3 million shipments each day, FourKites covers all modes, nodes and signals to extend visibility beyond transportation into yards, warehouses, stores and more. The platform provides a single view of your entire supply chain and is optimized for mobile, equipped with market-leading end-to-end security.”

10. Atlas

Founded: 2015

“Atlas enables innovative companies to compete in a global economy, believing that businesses should employ whomever they want, wherever the talent exists.

As the largest Direct Employer of Record (EOR), Atlas is an expertise-enabled technology platform that delivers flexibility for companies to expand across borders, onboard talent, manage compliance, and pay their global workforce without the need for a local entity or multiple third-party providers.

With entities in over 160 countries, Atlas brings localized experience & expertise into an enterprise-grade technology platform that supports thousands of companies and remote teams.”