Business

5 Tech Startups to Watch for in 2020

If you’re looking for a solution big tech companies don’t provide, want to work for a hot startup, or are thinking about starting one yourself, you’ll find our list of the 5 top tech startups in 2020 very interesting. Ready to learn all about them? Let’s go!

1. NS1

It can be critical to managing application traffic. That’s why NS1 came into existence. It’s arguably one of the leading tools with DNS, DHCP and IP address management capabilities on the planet for dealing with the diverse and extensive challenges that come with managing huge amounts of traffic across complex interlocking software systems and applications.

Among the company’s clients are DropBox, The Guardian, and LinkedIn. It might take some time to move beyond the realms of the largest and most technically forward-thinking organizations like all software adoption, but it’s surely only a matter of time until the significance of smarter and more efficient becomes clear to even the smallest businesses.

Founded back in 2013, NS1 has raised an impressive $78.4 million in funding from investors. Recently, it received $33 million in series C funding.

2. Honeycomb

Honeycomb has been at the heart of the growing conversation around observability. Designed to help you own hi-res production, the fact that it allows you to see and understand your systems through high-cardinality dimensions is its biggest pro. The CEO of the company sees it as a tool for empowering developers. It gives them control over the code they write and the systems they build. According to her, ownership gives people the power to fix what they know needs fixing and the power to do a good job.

Honeycomb received funding of $26.9 million with $11.4 million series A in September 2019.

3. Rookout

This company calls for data liberation. According to them, data has been buried inside our applications for too long. It is of no use for developers and engineers. Once it has been released, it can help inform how we go about debugging and surveying our systems.

Rookout can also save engineering teams lots of time when it comes to logging and debugging – by 80%, they claim. It is a tool that brings simplicity in the midst of complexity, designed to work for modern architectural and deployment patterns. This enables engineers to focus on other areas of application performance, stability, and resilience.

Rookout raised $8 million in Series A funding last year, with which its total funding amounts to $12.2 million dollars.

4. Gremlin

Gremlin is designed to help engineers to ‘stress test’ their software systems. The chaos engineering platform is a critical aspect of today’s technology landscape. Gremlin lets you identify weaknesses before they impact income and customers with system complexity making lack of predictability a day-to-day reality.

Gremlin’s mission is to help make the internet more reliable.  This is an urgent and noble aim. Moreover, you can see that the business is really living out its mission. With the second ChaosConf taking place soon and Gremlin Free launching at the beginning of last year, it’s clear that the company is thinking beyond its core product. Gremlin wants to make chaos engineering more accessible to consumers who feel stability is impossible in the face of increasing complexity.

5. LaunchDarkly

Over the last couple of years, feature flags or toggles started to gain traction in engineering teams. They enable teams to “modify system behavior without altering code” according to experts. The platform was created specifically to allow engineers to use feature flags. At a basic level, the product allows DevOps teams to deploy code (i.e. alter features) fast and with minimal risk. This allows for large-scale testing in production and experimentation.

Since they have support for just about every programming language, it’s hardly a surprise that LaunchDarkly has clients like NBC and IBM among other global enterprises. As for the startup’s investment status, it raised Series C funding in the amount of $44 million in early 2019. It has raised $76.3 million so far. It’s definitely one of the startups to watch in 2020. It’s capacity to help teams walk the fine line between innovation and instability is very suitable for today’s engineering reality.

Honorable mentions

Petal

New York City-based Petal is making efforts to transform credit card approvals for the benefit of those with limited credit histories. The startup uses bank statements, income, and eligibility among other non-credit score factors to determine creditworthiness. Its target group is young people who may not have established a reputable credit rating. The company is looking forward to a great 2020, coming off of a $30 million VC funding round and $300 million in debt financing.

Cockroach Labs

This organization backs CockroachDB, a cloud-native distributed SQL database. It is popular for two reasons: its resilience and the ability to scale from a single instance to thousands. It was named this way precisely for its impressive resilience. As you may have the misfortune to know, cockroaches will survive practically anything. Hopefully, this goes for this startup too. CockroachDB was structured to survive even after everything else has burned to the ground in the memorable words of its founders.

Tech Startup Trends 2020

More and more tech startups are creating tools for flexible and distributed workforces. The growth of the digital platform and gig economy and freelancing has upped the variety of options in the job market of today. In 2020, that shift towards more flexible and distributed roles will continue.

Forbes estimates that 56 million Americans, which is around 35% of the U.S. workforce, freelanced in 2019. This figure is expected to grow in 2020. Popular freelance platforms like UpWork, Fiverr, Toptal, and UpStack already cater to high-demand tech roles. A number of startups specifically targeting the software development market saw continued growth last year. They were:

  • Crowdbotics: the fastest way to build business-ready apps, features, integrations and more
  • Koder: a new way for startups to build and scale their software engineering departments using the gig economy.
  • Gigster: build dynamic teams of global talent to create industry-changing custom software
  • Turtle AI: messaging app with everything you need for remote software development, including the most coveted software developers in the world
  • Hatch Apps: global enterprises cut software development costs and get to market faster
  • CodeMentor: find a developer for live mentorship and freelance projects.

About the author

Tirupati Gumpula

Hi, I'm a Tech Enthusiastic and founder of Way to Hunt. Need any help? Email [email protected]

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