Checkout The Most Well-Funded Tech Startup In Every US State

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Checkout The Most Well-Funded Tech Startup In Every US State-Brand Spur Nigeria
Checkout The Most Well-Funded Tech Startup In Every US State-Brand Spur Nigeria

From DataRobot and Olive to Epic Games and Magic Leap, our infographic shows the top private tech company in every state, based on funding totals.

WHERE IS THIS DATA COMING FROM?

The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, spreading across the entire US.

In our latest map of the most well-funded tech startup in each state, some companies with the deepest pockets were found in North Carolina (Epic Games, $4.4B), Florida (Magic Leap, $3B), and Georgia (OneTrust, $930M). All together, the companies on this map have raised more than $40B.

Using CB Insights data, we identified the most well-funded technology startups by state based on total disclosed equity funding. The full list of startups is included below the map.

Our analysis ranks private tech companies based on total disclosed equity funding. Companies included have raised at least $1M in equity funding since January 2016. All companies on our map are VC-backed, with the exception of West Virginia.

Checkout The Most Well-Funded Tech Startup In Every US State - Brand Spur

Key takeaways from the top tech startups in the US

    • The most well-funded US tech startup is California-based e-cigarette company JUUL Labs, with a whopping $15B in disclosed equity funding. Most recently, the company raised a $700M mega-round in February 2020, earning it a $12B valuation.
    • After JUUL, the most well-funded startups on our map are North Carolina-based video game developer Epic Games ($4.4B in equity funding) and Pennsylvania-based delivery service goPuff ($3.4B).
    • Our map features 19 unicorn companies valued at $1B+, including cybersecurity company Tanium (WA, $9B valuation), healthcare-focused RPA company Olive (OH, $4B valuation), and corporate training platform Articulate (NY, $3.8B valuation).
    • New York-based Articulate is the most recently minted unicorn on our map: the online training platform hit a $3.8B valuation following its $1.5B Series A round in July 2021.
    • 7 companies on the map have raised over $1B in total disclosed equity financing: JUUL Labs, Epic Games, GoPuff, Magic Leap, Articulate, Tanium, and DataRobot. All of these companies are valued at over $1B.
    • Including the 7 startups mentioned above, 35 companies on the map have raised $100M or more in equity funding.
    • 11 of the startups on our map have raised $50M or less in equity funding. The venture capital-backed startup with the least funding on the map is Alaska’s 60Hertz Energy, which develops energy asset maintenance software.
    • The bulk of these companies (31) have raised funding in 2021; just 8 last raised prior to 2020.

Since our last update of the map in February 2021, there have been 4 exits: Maryland’s Xometry, New York’s UiPath, and Virginia’s Privia Health each made their IPO, while Oregon’s Vacasa is going public via a SPAC.

List of top-funded tech startups in the US

TOP-FUNDED US TECH STARTUPS
StateCompanyTotal Equity Funding ($M)
CaliforniaJUUL Labs15,047
North CarolinaEpic Games4,375
PennsylvaniagoPuff3,397
FloridaMagic Leap2,984
New YorkArticulate1,500
WashingtonTanium1,170
MassachusettsDataRobot1,051
GeorgiaOneTrust931
New JerseyAttentive865
OhioOlive850
TexasWorkrise723
IllinoisAvant684
MichiganStockX520
MinnesotaArctic Wolf Networks498
UtahMX Technologies454
VirginiaMission Lane407
ColoradoDispatchHealth403
KansasC2FO400
MissouriEquipmentShare364
NevadaSightline353
WisconsinFetch Rewards339
DCPie Insurance306
OregonDutchie253
NebraskaHudl226
ConnecticutCedar Gate Technologies220
ArizonaCampusLogic193
VermontDealerPolicy190
TennesseeMonogram Health180
MarylandImmuta160
Rhode IslandVirgin Pulse125
IndianaGreenlight Guru124
LouisianaReady Responders111
MaineTilson Technology Management109
ArkansasOne Country100
KentuckyClimavision100
IowaInvolta80
DelawareLocus79
North DakotaBushel77
New MexicoDescartes Labs58
IdahoTackle.io56
New HampshireSenet48
South CarolinaCommerce Guys46
HawaiiTerraformation35
AlabamaMeazure Learning30
MontanaSubmittable28
West VirginiaSkylake Wireless*19
OklahomaCarpay10
WyomingLanguage I/O5.5
South DakotaQuery.ai4.6
MississippiSchoolStatus4
Alaska60Hertz Energy2