2024 Best Tech Startups in Massachusetts

April 11, 2024 thetechtribune

The Tech Tribune staff has compiled the very best tech startups in 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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10. Wasabi Technologies

Founded: 2015

Also honored in:

“Wasabi is on a mission to store all the world’s data by making data storage simple, affordable, fast, and secure. If you have data to store, whether it’s backups, x-rays, surveillance videos, financial data, media and entertainment, or scientific data, Wasabi’s pledge is to always be the cheapest, fastest, most secure and reliable cloud storage in the world. It’s all we do, and we do it better than anyone.”

9. Transmit Security

Founded: 2014

Also honored in:

“Transmit Security gives businesses the modern tools they need to build secure, trusted and end-to-end digital identity journeys to innovate and grow. CX-focused, cybersecurity-conscious leaders rely on Transmit Security’s Platform to provide their customers with smooth experiences protected from fraud across all channels and devices. Transmit Security serves many of the world’s largest banks, insurers, retailers, and other leading brands, collectively responsible for more than $3.1 trillion in annual commerce.

Transmit Security was co-founded by serial entrepreneurs and investors, Mickey Boodaei and Rakesh Loonkar in 2014 with the aim of changing the security identity landscape. In 2020, Deloitte recognized Transmit Security as the 5th fastest growing company in North America. In March, we were recognized by Fast Company as one of the 10 Most Innovative Security Companies of 2022.”

8. Inari

Founded: 2016

Also honored in: 2023 Best Tech Startups in Cambridge

“Inari is the SEEDesign™ company, using new breeding technology to push the boundaries of what is possible by designing nature-positive seeds for a more sustainable global food system. A combination of AI-powered predictive design and a pioneered multiplex gene editing toolbox enables us to unlock the full potential of seed and advance critical solutions with broad applications for growing more food with fewer resources.”

7. Generate Biomedicines

Founded: 2018

“Pioneering generative biology to create breakthrough therapeutics.”

6. XtalPi

Founded: 2014

Also honored in:

“We are a quantum physics-based, AI-powered drug R&D company with the mission to revolutionize drug discovery and development by improving the speed, scale, novelty and success rate. With operations in both China and the U.S., we strive to deploy the best capabilities and resources available to us in each market to meet the needs of our customers and collaborators.

Beyond our team’s domain expertise and creative thinking, the key to our mission is the integrated technology platform, which combines the mutually informing and reinforcing cloud supercomputing-powered in silico tools and our wet lab with robotic automation, and enables discovery and development of innovative therapeutics at a pace and scale beyond traditional alternatives. We are among the pioneering AI-powered drug R&D companies in the world that have established a platform with an iterative feedback loop between quantum physics-based dry lab and wet lab capabilities, according to Frost & Sullivan.”

5. Form Energy

Founded: 2017

Also honored in:

“Form Energy is developing a new class of cost-effective, multi-day energy storage systems that will enable a reliable, resilient, and fully renewable electric grid year-round. Our pioneering battery technology will entirely reshape the global electric system and give it new form.

Learn more about Form Energy at www.formenergy.com.

We believe that to achieve climate justice, we need everyone at the table. We strive to build a company with a workforce reflective of the communities we aim to serve with our technology – a company where every employee feels a sense of belonging. We commit significant resources towards equity, inclusion, and diversity and hold ourselves accountable to continuous improvement. We are always looking for talented, hardworking individuals to join our team! If you’re interested, please visit www.formenergy.com/careers.”

4. Lendbuzz

Founded: 2015

Also honored in:

“Lendbuzz is an AI-based auto finance platform that helps consumers obtain fair access to credit when purchasing a car. Powered by alternative data and machine-learning algorithms, Lendbuzz can assess the creditworthiness of consumers whose credit scores range from good to non-existent—a group totalling some 100 million people—yet despite their massive numbers are underserved by traditional loan processes. Lendbuzz supports the success of their dealership partners through consumer loans that help those dealers reach a more diversified client base, together with competitive floorplanning options that help them grow their businesses. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015.”

3. Snyk

Founded: 2015

Also honored in:

“Snyk is the leader in developer security. We empower the world’s developers to build secure applications and equip security teams to meet the demands of the digital world. Our developer-first approach ensures organizations can secure all of the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings and an overall improved security posture. Snyk’s Developer Security Platform automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 2,500+ customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.

Snyk was named a Leader in the 2023 Gartner Magic Quadrant™ for Application Security Testing (AST) and in The Forrester Wave™: Software Composition Analysis (SCA) 2023, and has been recognized on the Forbes Cloud 100 2022 along with the 2023 CNBC Disruptor 50.”

2. Indigo

Founded: 2014

Also honored in:

“Indigo Ag improves farmer profitability, environmental sustainability, and consumer health through the use of nature-based and digital technologies. The company’s core offerings – Carbon, Market+, and biotrinsic – integrate across the supply chain to optimize how the world’s most impactful crops are produced, sourced, and distributed. Founded in 2013 with a mission of harnessing nature to help farmers sustainably feed the planet, today the company’s technology connects stakeholders across the agricultural ecosystem to unlock sustainability and profitability benefits for all.”

1. Devoted Health

Founded: 2017

Also honored in:

“Devoted Health is a new healthcare company serving seniors. Our mission is to dramatically improve the health and well-being of older Americans by caring for each and every person like they are family. We are devoted to the health and wellness of our members by helping them navigate the healthcare system with personal guides, by utilizing world-class technology to enable a simplified experience, and by partnering with top providers for better health outcomes.”