In Palo Alto, many creative startups are changing different industries. This list shares the top 21 unicorns in Palo Alto, each worth more than $1 billion. These leading companies are changing areas like, fintech, e-commerce, AI, etc, making Palo Alto a center of innovation. Learn about the amazing companies that call Palo Alto home.
List of Top 21 Unicorns in Palo Alto
1. Navan
An American spirits company that produces small-batch whiskey, vodka, and gin.
Company Details:
- Country: United States
- Valuation: $9.20 B
- Industry: Travel
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 11/8/2018
- Key Investors: Andreessen Horowitz, Lightspeed Venture Partners, Zeev Ventures
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.navanspirits.com/
2. Gong
An American software company that provides a revenue intelligence platform for sales teams.
Company Details:
- Country: United States
- Valuation: $7.25B
- Industry: Artificial intelligence
- Founded Year: 2015
- Total Funding Raised: $583M
- Joined Unicorn Club: 8/12/2020
- Key Investors: Norwest Venture Partners, Next World Capital, Wing Venture Capital
- Total Investors: 13
- Total Funding Deals: 4
- Website: https://www.gong.io/
3. TripActions
An American corporate travel management company that provides booking and travel management solutions for businesses.
Company Details:
- Country: United States
- Valuation: $7.25B
- Industry: Travel
- Founded Year: 2015
- Total Funding Raised: $1.04B
- Joined Unicorn Club: 11/8/2018
- Key Investors: Andreessen Horowitz, Lightspeed Venture Partners, Zeev Ventures
- Total Investors: 13
- Total Funding Deals: 6
- Website: https://tripactions.com/
4. SambaNova Systems
An American artificial intelligence and data center computing technology company that provides AI-powered systems for businesses.
Company Details:
- Country: United States
- Valuation: $5B
- Industry: Data management & analytics
- Founded Year: 2017
- Total Funding Raised: $1.132B
- Joined Unicorn Club: 4/13/2021
- Key Investors: Walden International, Google Ventures, Intel Capital
- Total Investors: 10
- Total Funding Deals: 2
- Website: https://www.sambanova.ai/
5. Next Insurance
An American insurance technology company that provides insurance solutions and services for small businesses.
Company Details:
- Country: United States
- Valuation: $4B
- Industry: Fintech
- Founded Year: 2016
- Total Funding Raised: $881M
- Joined Unicorn Club: 10/7/2019
- Key Investors: Zeev Ventures, Ribbit Capital, TLV Partners
- Total Investors: 17
- Total Funding Deals: 6
- Website: https://www.nextinsurance.com/
6. Rubrik
An American cloud data management company that provides cloud-based backup, disaster recovery, and archiving solutions.
Company Details:
- Country: United States
- Valuation: $4B
- Industry: Data management & analytics
- Founded Year: 2014
- Total Funding Raised: $553M
- Joined Unicorn Club: 4/28/2017
- Key Investors: Greylock Partners, Lightspeed Venture Partners, Khosla Ventures
- Total Investors: 10
- Total Funding Deals: 6
- Website: https://www.rubrik.com/
7. Houzz
An American home improvement and interior design platform that provides a marketplace for homeowners and professionals.
Company Details:
- Country: United States
- Valuation: $4B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2008
- Total Funding Raised: $613.6M
- Joined Unicorn Club: 9/30/2014
- Key Investors: New Enterprise Associates, Sequoia Capital, Comcast Ventures
- Total Investors: 18
- Total Funding Deals: 5
- Website: https://www.houzz.com/
8. PsiQuantum
An American quantum computing technology company that provides quantum computing solutions and services for businesses.
Company Details:
- Country: United States
- Valuation: $3.15B
- Industry: Hardware
- Founded Year: 2016
- Total Funding Raised: $728.5M
- Joined Unicorn Club: 7/27/2021
- Key Investors: Playground Global, M12, BlackRock
- Total Investors: 10
- Total Funding Deals: 1
- Website: https://www.psiquantum.com/
9. Plume
Plume is a US-based smart home services company that provides a range of products and services to improve Wi-Fi connectivity and internet security in homes. The company’s platform includes features such as adaptive Wi-Fi, parental controls, and AI-powered security, with a focus on improving the customer experience and reducing support costs. Plume has partnerships with leading internet service providers and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $2.60B
- Industry: Internet software & services
- Founded Year: 2015
- Total Funding Raised: $712.93M
- Joined Unicorn Club: 2/23/2021
- Key Investors: Insight Partners, Jackson Square Ventures, Liberty Gloval Ventures
- Total Investors: 15
- Total Funding Deals: 6
- Website: https://www.plume.com/
10. Uniphore
Uniphore is a US-based conversational AI company that provides solutions for customer service and engagement. The company’s platform includes features such as speech recognition, natural language processing, and voice biometrics, with a focus on improving customer experience and reducing support costs. Uniphore has partnerships with leading technology companies and has won numerous awards for its product innovation.
Company Details:
- Country: United States
- Valuation: $2.50B
- Industry: Artificial Intelligence
- Founded Year: 2008
- Total Funding Raised: $626.63M
- Joined Unicorn Club: 2/16/2022
- Key Investors: Chiratae Ventures, March Capital Partners, National Grid Partners
- Total Investors: 25
- Total Funding Deals: 3
- Website: https://www.uniphore.com/
11. Medable
Medable is a US-based healthcare technology company that provides solutions for decentralized clinical trials. The company’s platform includes features such as electronic consent, remote monitoring, and data analysis, with a focus on improving patient access and engagement. Medable has partnerships with leading pharmaceutical companies and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $2.10B
- Industry: Internet software & services
- Founded Year: 2013
- Total Funding Raised: $533.75M
- Joined Unicorn Club: 10/26/2021
- Key Investors: GSR Ventures, Sapphire Ventures, Streamlined Ventures
- Total Investors: 13
- Total Funding Deals: 2
- Website: https://www.medable.com/
12. Mashgin
Mashgin is a US-based technology company that provides solutions for automated checkout systems. The company’s platform includes features such as computer vision, artificial intelligence, and frictionless payment processing, with a focus on enabling faster and more efficient checkout experiences for customers. Mashgin has partnerships with leading retail and hospitality companies and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $1.50 B
- Industry: Artificial intelligence
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 5/9/2022
- Key Investors: New Enterprise Associates, Matrix Partmers, Susa Ventures
- Total Investors: –
- Total Funding Deals: –
- Website: https://mashgin.com/
13. Salt Security
Salt Security is a US-based API security company that provides solutions for API protection and threat detection. The company’s platform includes features such as API discovery, API behavior monitoring, and threat intelligence, with a focus on enabling businesses to secure their APIs and prevent attacks. Salt Security has partnerships with leading security and technology companies and has gained significant recognition for its innovative approach to API security.
Company Details:
- Country: United States
- Valuation: $1.40B
- Industry: Cybersecurity
- Founded Year: 2016
- Total Funding Raised: $270.74M
- Joined Unicorn Club: 2/10/2022
- Key Investors: Y Combinator, S Capital, Tenaya Capital
- Total Investors: 14
- Total Funding Deals: 2
- Website: https://www.salt.security/
14. Flipboard
Flipboard is a US-based personalized news and content discovery platform that provides solutions for content curation and distribution. The company’s platform includes features such as AI-driven content discovery, social sharing, and mobile-first design, with a focus on enabling individuals to discover and share high-quality content
Company Details:
- Country: United States
- Valuation: $1.32B
- Industry: Internet software & services
- Founded Year: 2010
- Total Funding Raised: $210.5M
- Joined Unicorn Club: 7/22/2015
- Key Investors: Kleiner Perkins Caufield & Byers, Comcast Ventures, Insight Partners
- Total Investors: 19
- Total Funding Deals: 5
- Website: https://flipboard.com/
15. Turing
Turing is a US-based remote staffing platform that provides solutions for connecting companies with elite software developers and engineers from around the world. The platform includes features such as a rigorous vetting process, ongoing support and management, and flexible staffing models, with a focus on enabling companies to access top talent regardless of location. Turing has partnerships with leading technology and staffing organizations and has gained significant recognition for its innovative approach to remote staffing.
Company Details:
- Country: United States
- Valuation: $1.10B
- Industry: Internet software & services
- Founded Year: 2018
- Total Funding Raised: $136.05M
- Joined Unicorn Club: 12/20/2021
- Key Investors: Foundation Capital, Frontier Ventures, AltaIR Capital
- Total Investors: 91
- Total Funding Deals: 1
- Website: https://www.turing.com/
16. Glean
Glean is a US-based productivity platform that provides solutions for team collaboration and project management. The platform includes features such as real-time messaging, task management, and project tracking, with a focus on enabling businesses to streamline their workflows and improve productivity. Glean has partnerships with leading technology and business organizations and has gained significant recognition for its innovative approach to team collaboration.
Company Details:
- Country: United States
- Valuation: $1.00 B
- Industry: Internet software & services
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 5/18/2022
- Key Investors: General Catalyst, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners
- Total Investors: –
- Total Funding Deals: –
- Website: https://gleanhq.com/
17. CommerceIQ
CommerceIQ is a US-based e-commerce platform that provides solutions for brand management and revenue growth on Amazon. The platform includes features such as inventory management, advertising automation, and sales analytics, with a focus on enabling businesses to optimize their e-commerce operations and increase sales on Amazon. CommerceIQ has partnerships with leading e-commerce and technology organizations and has gained significant recognition for its innovative approach to e-commerce optimization.
Company Details:
- Country: United States
- Valuation: $1.00 B
- Industry: Artificial Intelligence
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 3/21/2022
- Key Investors: Trinity Ventures, Madrona Venture Group, Shasta Ventures
- Total Investors: –
- Total Funding Deals: –
- Website: https://commerceiq.ai
18. Aptos
Aptos is a US-based retail technology company that provides solutions for retail operations and customer engagement. The platform includes features such as point of sale, inventory management, and customer analytics, with a focus on enabling retailers to optimize their operations and improve customer experiences. Aptos has partnerships with leading retail and technology organizations and has gained significant recognition for its innovative approach to retail technology.
Company Details:
- Country: United States
- Valuation: $1.00 B
- Industry: Internet software & services
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 3/15/2022
- Key Investors: Andreessen Horowitz, Coinbase Ventures, Tiger Global Management
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.aptos.com/
19. Minio
Minio is a US-based open-source object storage company that provides solutions for cloud-native data storage and management. The platform includes features such as high availability, durability, and scalability, with a focus on enabling businesses to securely store and manage their data in a cloud-native environment. Minio has partnerships with leading cloud and technology organizations and has gained significant recognition for its innovative approach to object storage.
Company Details:
- Country: United States
- Valuation: $1B
- Industry: Data management & analytics
- Founded Year: 2014
- Total Funding Raised: $126.3M
- Joined Unicorn Club: 1/26/2022
- Key Investors: General Catalyst, Nexus Venture Partners, Dell Technologies Capital
- Total Investors: 13
- Total Funding Deals: 2
- Website: https://min.io/
20. Noname Security
Noname Security is a US-based cybersecurity company that provides solutions for API security and management. The platform includes features such as API discovery, authentication, and authorization, with a focus on enabling businesses to protect their APIs from cyber threats and ensure compliance with industry standards. Noname Security has partnerships with leading technology and security organizations and has gained significant recognition for its innovative approach to API security.
Company Details:
- Country: United States
- Valuation: $1B
- Industry: Cybersecurity
- Founded Year: 2020
- Total Funding Raised: $220M
- Joined Unicorn Club: 12/15/2021
- Key Investors: Insight Partners, Lightspeed Venture Partners, CyberStarts
- Total Investors: 7
- Total Funding Deals: 1
- Website: https://nonamesecurity.com/
21. Snorkel AI
Snorkel AI is a US-based platform that provides solutions for building and managing machine learning models. The platform includes features such as data labeling, model training, and deployment, with a focus on enabling businesses to efficiently develop and deploy machine learning models at scale. Snorkel AI has partnerships with leading machine learning and technology organizations and has gained significant recognition for its innovative approach to machine learning model development.
Company Details:
- Country: United States
- Valuation: $1B
- Industry: Artificial intelligence
- Founded Year: 2019
- Total Funding Raised: $135M
- Joined Unicorn Club: 8/9/2021
- Key Investors: Greylock Partners, Google Ventures, BlackRock
- Total Investors: 10
- Total Funding Deals: 1
- Website: https://www.snorkel.ai
Conclusion
In conclusion, the top 21 unicorns we’ve explored are just a glimpse into the many success stories that continue to emerge from Palo Alto. As these companies reshape industries and set new standards, Palo Alto is sure to secure its place as a global leader in innovation and growth.