2021 Best Tech Startups in Utah

March 16, 2021May 18, 2023 thetechtribune

The Tech Tribune staff has compiled the very best tech startups in Utah. 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. Recursion Pharmaceuticals

Founded: 2013

Also honored in:

“Recursion’s mission is to decode biology to radically improve lives. Unraveling the exceptional complexity of biological systems and delivering the next generation of biotherapeutics at unprecedented speed and scale can only be achieved by bridging life science and technology. Recursion is the leader in digital biology, and has built the world’s most advanced ultra-high throughput wet-lab and machine learning platform. Recursion’s ability to generate proprietary, high-dimensional, multi-modal and relatable datasets of human cellular biology at massive scale, and apply advanced machine learning approaches to reveal novel biological relationships, has resulted in a proven, target-agnostic drug-discovery engine.”

2. Divvy

Founded: 2016

Also honored in:

“Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports. By integrating real-time tracking for every business transaction, Divvy provides organizations with instant insight into their spend. With Divvy, you can make informed cash flow decisions, curb losses before they happen, and never have to save a receipt again.”

3. Podium

Founded: 2014

Also honored in:

“Podium is redefining the way customers interact with local businesses. Podium’s Interaction Management platform uses messaging to make it convenient to interact with your leads, customers, and teams along every customer touchpoint.

With Podium, you can message your leads and customers, get reviews and feedback, and communicate easily with your team, all in one easy-to-use inbox. It powers the conversations that matter most to your business, putting you miles ahead of the competition.”

4. iFit

Founded: 2013

Also honored in: 2020 Best Tech Startups in Utah

“iFit is owned by Icon Health and Fitness – The worlds largest home fitness equipment manufacturer.

The world leader in fitness technology, iFit® is pioneering the way people interact with exercise equipment and technology. Our platform is built into millions of treadmills, bikes, and ellipticals across the globe including top brands such as ProForm®, NordicTrack®, and FreeMotion® to name a few. So basically, if you like fitness, building stellar designs, and working with a team of talented peeps, then this is the place for you.”

5. WeLink

Founded: 2018

Also honored in: 2021 Best Tech Startups in Lehi

“WeLink is a rapidly-growing, next-generation wireless internet service provider. Using a unique “wireless fiber” approach, we expand the reach of traditional fiber to deliver gigabit-speed internet to homes and businesses.

WeLink was created as a way to put access to high-speed internet back into the hands and control of customers. Our neighborhood networks provide lightning fast internet access, with affordability and great customer service to match.”

6. Weave

Founded: 2011

Also honored in:

“As the pace of innovation continues, it is growing more difficult to see the value of technology. Often meaningful information is inaccessible at the time it would be most beneficial. Weave threads together data, software and communication platforms to build stronger relationships at the point of contact by making valuable information instantly available in simple and intuitive formats. This delivers improved productivity, better collaboration and greater insights making it easier to meet the needs of patients and to build better business and clinical outcomes.”

7. SimpleNexus

Founded: 2011

Also honored in:

“At its core, mortgage lending is a people business. Human beings helping other human beings make one of the biggest purchases of their lives.

Although technology has made the mortgage process more efficient; there’s a downside. Accessing those ever-helpful systems and tools often means spending more time in the office—instead of building relationships.

SimpleNexus brings the tools and systems you need right to your mobile device.”

8. Lendio

Founded: 2011

Also honored in:

“Lendio is an online service that helps businesses find the right small business loan within minutes. Lendio makes small business loans simple by matching qualified small business owners with active banks, credit unions, and other lending sources.

We fuel the American dream, that’s our passion.”

9. TaxBit

Founded: 2018

“TaxBit is a best-in-class cryptocurrency tax software platform and accounting firm enabling widespread adoption with real-time tax automation, support, and compliance. Founded in 2018 by leading Blockchain CPA’s and cryptocurrency tax attorneys. Taxbit supports over 4,200 cryptocurrencies, equities, commodities, and all fiat currencies. TaxBit strives to lessen the stress and simplify the process for merchants, individuals, and exchanges, alike.”

10. Nav

Founded: 2012

Also honored in:

“Nav is a venture-backed fintech company that helps business owners manage their financial data to get more funding, lower their costs and save time. It provides free access to credit reports and scores specifically for small business owners, including both business and personal credit reports, cash-flow analysis, tools to help build business credit and a marketplace with more than 100 financing products, including credit cards. Its marketplace uses a lender-neutral algorithm to help business owners find the best financing options for their needs before they apply.”