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.

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

State Company Total Equity Funding ($M)
California JUUL Labs 15,047
North Carolina Epic Games 4,375
Pennsylvania goPuff 3,397
Florida Magic Leap 2,984
New York Articulate 1,500
Washington Tanium 1,170
Massachusetts DataRobot 1,051
Georgia OneTrust 931
New Jersey Attentive 865
Ohio Olive 850
Texas Workrise 723
Illinois Avant 684
Michigan StockX 520
Minnesota Arctic Wolf Networks 498
Utah MX Technologies 454
Virginia Mission Lane 407
Colorado DispatchHealth 403
Kansas C2FO 400
Missouri EquipmentShare 364
Nevada Sightline 353
Wisconsin Fetch Rewards 339
DC Pie Insurance 306
Oregon Dutchie 253
Nebraska Hudl 226
Connecticut Cedar Gate Technologies 220
Arizona CampusLogic 193
Vermont DealerPolicy 190
Tennessee Monogram Health 180
Maryland Immuta 160
Rhode Island Virgin Pulse 125
Indiana Greenlight Guru 124
Louisiana Ready Responders 111
Maine Tilson Technology Management 109
Arkansas One Country 100
Kentucky Climavision 100
Iowa Involta 80
Delaware Locus 79
North Dakota Bushel 77
New Mexico Descartes Labs 58
Idaho Tackle.io 56
New Hampshire Senet 48
South Carolina Commerce Guys 46
Hawaii Terraformation 35
Alabama Meazure Learning 30
Montana Submittable 28
West Virginia Skylake Wireless* 19
Oklahoma Carpay 10
Wyoming Language I/O 5.5
South Dakota Query.ai 4.6
Mississippi SchoolStatus 4
Alaska 60Hertz Energy 2