2022 Best Tech Startups in Massachusetts

June 19, 2022June 29, 2023 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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1. Thrasio

Founded: 2018

Also honored in: 2021 Best Tech Startups in Massachusetts

“Thrasio is on a mission to reimagine how the world’s most loved products become accessible to everyone.

So we use world-class expertise and the smart application of data science to figure out why particular products garner great ratings, reviews, and rankings. We work to make these items better or create new ones to meet changing demands. Then we help get those products to more people, so everyone can love the stuff they have. We seek out entrepreneurs who share our passion. And we constantly look to the future, searching for ways to make our company more diverse and inclusive, our processes more sustainable, and our world more equitable.

This constant pursuit of better has helped make us the world’s leading next-generation consumer goods company.”

2. Devoted Health

Devoted Health

Founded: 2017

Also honored in: 2022 Best Tech Startups in Waltham

“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.”

3. Indigo

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.”

4. Circle

Founded: 2013

Also honored in:

“Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide.

Circle is also the principal operator of USD Coin (USDC), which has become the fastest growing, regulated and fully reserved dollar digital currency. USDC now stands at more than 41 billion and has supported about $1.4 trillion in transactions over the past year.

Today, Circle’s transaction and treasury services are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity through the frictionless exchange of financial value.”

5. DataRobot

Founded: 2012

Also honored in:

“DataRobot is the AI Cloud leader, delivering a unified platform for all users, all data types, and all environments to accelerate delivery of AI to production. Trusted by global customers across industries and verticals, including a third of the Fortune 50, delivering over a trillion predictions for leading companies globally.”

6. Perch

Perch

Founded: 2019

Also honored in: 2022 Best Tech Startups in Boston

“Perch is a technology-driven commerce company that acquires and operates great brands at scale. We have acquired and operate over 100 brands, and we’ve raised over $900M from investors such as SoftBank and Spark Capital.

Perch has a unique combination of Amazon, eCommerce, technology, and supply chain expertise, with our CEO having previously designed and built the Wayfair Delivery Network – taking large parcel deliveries from ~1 month down to 2 days.”

7. 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 is a Developer Security Platform that automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 1,200 customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.

Snyk is recognized on the Forbes Cloud 100 2021, the 2021 CNBC Disruptor 50 and was named a Visionary in the 2021 Gartner Magic Quadrant for AST.”

8. XtalPi

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.”

9. Cybereason

Founded: 2012

Also honored in:

“Cybereason is the champion for today’s cyber defenders providing future-ready attack protection that unifies security from the endpoint, to the enterprise, to everywhere the battle moves. The Cybereason Defense Platform combines the industry’s top-rated detection and response (EDR and XDR), next-gen anti-virus (NGAV), and proactive threat hunting to deliver context-rich analysis of every element of a MalOp (malicious operation). The result: defenders can end cyber attacks from endpoints to everywhere. Cybereason is a privately held, international company headquartered in Boston with customers in more than 40 countries.”

10. Lendbuzz

Lendbuzz

Founded: 2015

Also honored in: 2022 Best Tech Startups in Boston

“Lendbuzz is an AI-based auto finance platform that helps consumers with thin or no credit history obtain financing when purchasing a car. Powered by machine learning and proprietary algorithms, Lendbuzz can assess the creditworthiness of consumers with limited credit history—a group underserved by traditional banks. Through their auto dealership partners, Lendbuzz offers consumers attractive financing solutions while opening up opportunities for those dealerships to serve a more diversified client base. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015.”