2020 Best Tech Startups in New Jersey

March 17, 2020March 1, 2023 thetechtribune

The Tech Tribune staff has compiled the very best tech startups in New Jersey. 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. Flow

Founded: 2015

Also honored in:

“Flow provides a turn-key platform for e-commerce companies to go global, capturing international demand for their products. The platform enables merchants to simply configure their cross-border supply-chain requirements and immediately fulfill their overseas demand. Flow can be used by e-commerce companies of any size and both as a complete, end-to-end solution or as a modular unbundled product. Using the Flow platform the experience of buying & selling internationally is as easy as domestic for both merchants and consumers.”

2. OwnBackup

Founded: 2012

Also honored in:

“OwnBackup believes that no company operating on the cloud should ever lose data.

With comprehensive backup, visual compare, and fast recovery capabilities, we have helped hundreds of organizations through data loss and corruption crises. Our solution also provides enterprises with the performance and reporting required to meet compliance regulations in a number of industries. We provide secure, automated, daily backups of SaaS and PaaS data, including Salesforce, ServiceNow and Slack.”

3. OpenDoor Trading

Founded: 2015

Also honored in:

“OpenDoor Securities enhances liquidity of Off-the-Run Treasuries (OFTR’s) and TIPS, the principal pain points in US Treasuries, through a cost-effective, all-to-all, session-based trading platform. Our customers include some of the world’s largest asset managers, central banks, primary dealers, hedge funds, and trading firms. OpenDoor offers free access to our browser-based platform.”

4. DriveWealth

Founded: 2012

Also honored in: 2019 Best Tech Startups in New Jersey

“DriveWealth was founded on the mission to democratize investing in the U.S. stock market by making it available to everyone, globally, at an affordable cost. We have developed a unique proprietary ecosystem powered by licenses to clear fractional-share orders. Partners around the world and hundreds of thousands of clients have—for the very first time—access to invest in a highly stable, liquid, and regulated financial system.”

5. Uniken

Founded: 2013

Also honored in: 2019 Best Tech Startups in New Jersey

“Uniken’s mission is: we make connecting safe by enabling a full unified defense in depth solution with a phenomenal user experience. Our security model protects against the modern threat environment and is completely invisible to the user, enabling a consistent experience across all interactions between the business and its customers.

We are the only true unified defense in depth solution available today – military grade end point threat detection at consumer speed, device fingerprinting, application fingerprinting, standard industry biometric integration, a unique 1:1 Relative Identity (REL-ID) for each user, a Man-in-the-Middle proof secure channel and unique Out of Band verification technology which allows the consumer to approve transactions that normally would not be possible without physical or voice recorded verification.”

6. Duality Technologies

Founded: 2016

“Duality’s breakthrough innovative technologies empower Secure Digital Collaboration. With Duality’s technology, enterprises can securely collaborate applying advanced analyses and Artificial Intelligence to data while it is encrypted, generating insights without ever exposing the raw data. Collaboration on data is essential for the success of Digital Transformation in many market sectors, yet barriers such as privacy, IP protection and regulatory hurdles challenge the pace of progress. Duality was founded by world-renowned cryptographers and data science executives with the mission to enable organizations to utilize advanced analysis capabilities while protecting data privacy and digital IP.”

7. TrueFort

Founded: 2015

“Today’s organizations depend on mission-critical applications to run their business. But these applications are vulnerable due to a lack of visibility and controls required to protect these environments from compromise.

TrueFort fortifies these “Crown Jewel” applications. Organizations use TrueFort to institute a Zero-Trust Application Protection strategy that extends from the Cloud and the network down to workload, process and identity level.”

8. TrialScope

Founded: 2012

Also honored in:

“TrialScope simplifies the complexities of clinical trial transparency. Our award-winning, proven solutions have been implemented successfully and rigorously tested in the most complex environments and are managing disclosures for sponsors that are responsible for over 35% of industry sponsored clinical trials posted on clinicaltrials.gov. The company’s market-driven solutions and expertise enable sponsors to improve performance, mitigate compliance risk, and ultimately optimize efficiencies with clinical content life-cycle management tools, expertise and processes. TrialScope technologies are offered via a validation-ready SaaS platform hosted in a private cloud.”

9. Health Recovery Solutions

Founded: 2012

Also honored in: 2019 Best Tech Startups in Hoboken

“Health Recovery Solutions works with our nation’s leading hospitals, insurance companies, home health agencies, and ACOs to deliver a platform that reduces readmissions and takes care of high risk patients post-discharge. Employing an automated patient-centered approach, our software specifically incorporates cutting edge findings on the causes of readmissions. Our solution aggregates, streamlines, and digitalizes essential data to ensure patients’ health, and precludes the need for readmission. The recovery data is used in conjunction with EMR integration, web monitoring portal, and smartphone applications (ClinicianConnectTM, and CaregiverConnectTM) to effectively address patients’ concerns and use of our products, as well as reinforce healthy lifestyles post hospitalization. Our solution enables our clients to avoid substantial readmission penalties while improving patient satisfaction, generating additional revenue, and increasing the efficiency of their workflow.”

10. Apprentice.io

Founded: 2014

Also honored in:

“Apprentice is a leader in enterprise augmented reality. Winner of Interphex’s best new product and CIO Review’s 20 most promising AR solution providers, we’re currently working with the most sophisticated companies in the world. We are Venture funded and we’re rapidly growing our team. Headquartered in Jersey City, NJ near various modes of transportation, we offer a great work/life balance and plenty of work from home opportunities. You’ll also receive comprehensive medical, dental and vision benefits, as well as a generous vacation policy.”