Our map infographic shows the top tech startups in every US state, as determined by funding totals. Companies include Magic Leap, DraftKings, and Vox.
The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, across the entire United States.
In our latest map of the most well-funded American tech startup in each state, some companies with the deepest pockets were found in Florida (Magic Leap, $1.89B), Virginia (OneWeb, $2.2B), Utah (Domo, $698M), and Illinois (Avant, $655M).
Using the CB Insights database, we identified the most-well funded VC-backed technology startups by state based on disclosed equity funding. We excluded funding from debt as well as lines of credit, and only considered companies that have raised at least $1M of equity funding since 2015 to date (1/8/18).
Four states did not have any companies that met all our criteria for inclusion in the map: Alaska, Mississippi, South Dakota, and Wyoming. Companies featured in those four states are the most well-funded private tech companies in these states since 2015. They do not have disclosed VC backing. Puerto Rico is excluded from this mapping.
The most well-funded US tech startup is California’s Uber with $13.96B in disclosed equity funding (as of 1/8/18). The company is one of 10 unicorns (companies valued at $1B+) to make the map this year. The others include: Vox Media, Magic Leap, GreenSky, Avant, DraftKings, Duo Security, Infor, AvidXChange, and Domo.
The full list of startups is included below the map.
Click on the image below to enlarge.
Insights from the map above:
- 4 startups on the map have raised over $1B in equity financing: Uber, Magic Leap, Infor, and OneWeb. Other than OneWeb, all are valued at $1B or more. (OneWeb has no disclosed valuation.)
- Including the 4 startups mentioned above, a total of 24 companies on the map have raised $100M or more in funding – marking a 20% increase from last year’s map.
- 13 of the VC-backed startups on our list have raised less than $50M in equity. The least-funded VC-backed startup on the list is North Dakota’s CoSchedule with $2.7M.
|State||Company||Disclosed Equity Funding ($M)|
|Alaska||Resource Data*||$ 1.1|
|Arizona||IO Data Centers||$ 311|
|Arkansas||Acumen Brands||$ 93.2|
|DC||Vox Media||$ 324.7|
|Florida||Magic Leap||$ 1,892.5|
|Hawaii||Ibis Networks||$ 4.8|
|Indiana||Scale Computing||$ 68.5|
|Kentucky||Lucina Health||$ 22.7|
|Maine||Tilson Technology Management||$ 10.9|
|Maryland||Tenable Network Security||$ 300.5|
|Michigan||Duo Security||$ 119|
|Minnesota||Bright Health||$ 240|
|Mississippi||Next Gear Solutions*||$ 11.1|
|Missouri||Varsity Tutors||$ 57|
|New Hampshire||Plexxi||$ 83.4|
|New Jersey||Vidyo||$ 159.8|
|New Mexico||Descartes Labs||$ 38.3|
|New York||Infor||$ 2,633|
|North Carolina||AvidXChange||$ 574.2|
|North Dakota||CoSchedule||$ 2.7|
|Ohio||Everything But The House||$ 84.5|
|Oklahoma||Weather Decision Technologies||$ 11.4|
|Rhode Island||Upserve||$ 191.5|
|South Carolina||Glytec||$ 41.1|
|South Dakota||ReliaMax*||$ 3.88|
|Tennessee||Digital Reasoning Systems||$ 75.6|
|Texas||WP Engine||$ 289.2|
|West Virginia||Geostellar||$ 30|
|Wisconsin||Propeller Health||$ 42.9|
|Wyoming||Green House Data*||$ 3.76|