Top Startups / May 17, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Boston Startups to Watch in 2022

Boston is one of the best and most recognized startup ecosystems in the United States and the world. Boston Startups like Boston Dynamics have gone viral with their products numerous times and multiple other top startups also exist within the city. The ecosystem itself is built on very strong foundations with it being worth a total of $133 Billion, which is significantly above the global average of $28.6 Billion. The ecosystem's total early stage funding also dwarves many other competitors with a figure of $6.4 Billion.

A big part of why Boston has such a great startup ecosystem is due to the great pool of talent that is available locally, particularly for life sciences and robotics. Institutions such as MIT, Harvard which are among the best in the world and other country-leading universities have their home near the city.

The city of Boston's government also has a good reputation for being supportive of the ecosystem, with the city ranking as the best in the US for fostering innovation and entrepreneurship. In addition to this, there are more than 50 incubators and accelerators to be found within the city, which provides a great breeding ground for startups to be formed and to grow.


1. LinkSquares

Year Founded: 2015

HQ: Boston, Mass, USA

Size: 251-500

Founders: Chris Combs, Vishal Sunak

LinkSquares is a Boston startup that was founded in 2015 and is currently based in the city of Boston. The business makes its income through the provision of AI-powered contract management tools that help to save the time of in-house legal teams in the United States. This helps the lawyers to focus on the more important work and helps them to provide better outcomes for their clients.

Since being founded, the company has gone through six rounds of startup funding, with the most recent taking place in April 2022. These funding rounds have seen the company gain support from 14 investors. The total raised through these investors has reached a figure of $161.5 Million.

2. Finch

Year Founded: 2019

HQ: Boston, Mass, USA

Size: 1-10

Founders: Maya Nijhawan, Neel Ganu

Finch is a startup in Boston that was founded in 2019 and is currently based in the Massachusetts city. The company has created a platform that allows its users to easily invest by converting small amounts of their available money into ETFs, which matches the risk profile of the user. This makes sure that they are only investing what they are comfortable with. This also allows more people to get into investing by lowering the barrier to entry.

Since being founded, the company has gone through three rounds of startup funding, with the most recent taking place in January 2022. These funding rounds have seen the company agree to deals with a total of six investors. From these investors, the company has managed to raise a figure of $1.8 Million.

3. Hourwork

Year Founded: 2018

HQ: Boston, Mass, USA

Size: 11-50

Founders: Rahkeem Morris, Robert Snyder

Hourwork is a Boston startup that was founded in 2018 and is currently based in the city of Boston. The business has developed a platform that helps businesses to hire and retain their hourly workers, combatting the impacts of The Great Resignation which is impacting many businesses. The company has currently had its software used by more than 5000 restaurants across the United States.

The company has gone through four rounds of startup funding since being founded, the most recent of these rounds was completed in March 2022. These rounds have allowed the company to strike deals with a total of nine investors and the total raised from these investments has reached $13.8 Million.

4. Algorand

Year Founded: 2017

HQ: Boston, Mass, USA

Size: 51-100

Founders: Silvio Micali

Algorand is a startup in Boston that was founded in 2017 and is currently based in the city that it was founded in. The company provides a decentralized platform for digital currencies and their related transactions. The platform is secure and scalable, meaning that it can be used by a large number of users. The transactions on the platform can be noticeably smaller compared to its counterparts.

The business has gone through 13 rounds of startup funding since being founded and the last round concluded in January 2021. These funding rounds have seen 22 investors agree to deals with the business. These deals have allowed the crypto startup to raise a figure of $126 Million.

5. Logz

Year Founded: 2014

HQ: Boston, Mass, USA

Size: 251-500

Founders: Asaf Yigal, Tomer Levy

Logz is a Boston startup that was founded in 2014 and is currently still based in the city. The company has created a scalable and intelligent machine learning analytics platform. This helps developers to moderate and monitor the platforms that they create, which in turn improves the quality of those platforms. The platform itself is built on ELK and Grafana.

Since the company was founded, it has gone through seven rounds of startup funding, with the most recent round being completed in November 2020. These funding rounds have seen the company receive support from a total of eleven investors. From these investors, the company has managed to raise a figure of $121.9 Million.

6. Perch

Year Founded: 2019

HQ: Boston, Mass, USA

Size: 51-100

Founders: Chris Bell

Perch is a startup in Boston that was founded in 2019 and is currently based in the city of Boston. The company itself is a technology business, which works to acquire D2C businesses which are selling on Amazon. The company then works on growing and scaling these businesses so that they can become more profitable overall. The company provides the complete solution for bringing products to market.

Since being founded, the company has gone through four rounds of startup funding, with the most recent round taking place in May 2021. This funding round has seen the company agree to deals with a total of seven investors. The total raised from the efforts of these funding rounds has reached a figure of $908.8 Million.

7. Starry

Year Founded: 2014

HQ: Boston, Mass, USA

Size: 251-500

Founders: Alex Moulle-Berteaux, Chaitanya Kanojia

Starry is a Boston startup that was founded in 2014 and is currently based in the same city.  The company has developed more convenient and effective wifi products, which includes innovative new ways to pick up a connection when you otherwise wouldn't be able to. Their first product is an ambient, touchscreen wifi station, which can be accessed and used by the public.

The company has gone through three rounds of startup funding since being founded, with the most recent round being completed in July 2018. These funding rounds have seen the company receive support from a total of seven investors. These investors have helped the company to raise a total of $130 Million.

8. Activ Surgical

Year Founded: 2017

HQ: Boston, Mass, USA

Size: 11-50

Founders: Peter Kim, Seth Teicher

Activ Surgical is a startup in Boston that was founded in 2017 and is currently based in the city of Boston. The company has created a platform that uses AI and machine learning to lower the risks of surgeons making decisions that could lead to poor patient outcomes, this is achieved in the form of software. This also improves the surgical efficiency of institutions that use it.

Since being founded, the business has gone through six rounds of startup funding. The last of these rounds was conducted in March 2022. These funding rounds have seen the company strike deals with a total of 16 investors. The total raised from these investors has reached a figure of $100.4 Million.

9. Kintent

Year Founded: 2019

HQ: Boston, Mass, USA

Size: 11-50

Founders: Sravish Sridhar

Kitent is a Boston startup that was founded in 2019 and is currently based in the city of Boston. The business has created a platform that automates key parts of the compliance process for businesses. This is achievable for certifications such as SOC 2, ISO 27001 and HIPAA, which are routinely required by a large number of companies.

Since being founded, the company has gone through two rounds of startup funding, with one in 2021 and 2022 respectively. These funding rounds have seen the company gain the support of nine investors. The total raised from these nine investors has seen the company gain a figure of $22 Million.

10. Upshot

Year Founded: 2019

HQ: Boston, Mass, USA

Size: 1-10

Founders: Nick Emmons

Upshot is a startup in Boston that was founded in 2019 and is still currently based in the city. The startup provides a blockchain-based protocol that gives incentives for experts about various subject areas to answer subjective questions in a way that is honest and for the benefit of the larger community. This is achieved through paying experts for their opinions on the value of specific NFTs.

Since being founded, the company has gone through a pair of funding rounds, with one in 2021 and 2022 respectively. These funding rounds have allowed the business to strike deals with a total of 30 investors. The total raised from these investors has netted Upshot $29.5 Million.

11. Backlight

Year Founded: 2021

HQ: Boston, Mass, USA

Size: 251-500

Founders: Ben Kaplan

Backlight is a Boston startup that was founded in 2021 and is currently still based in the same city. The company is a media technology business that helps to improve ideas behind video content and the whole production process of this video content. Furthermore, the platform helps to drive the distribution of content to ensure that it receives the maximum possible reach.

The business has had one funding round which took place in April 2022. This funding round was supported by a single investor and allowed the business to raise a figure of $200 Million. The startup has also made five acquisitions.

12. Mabl

Year Founded: 2017

HQ: Boston, Mass, USA

Size: 51-100

Founders: Dan Belcher, Izzy Azeri

Mabl is a startup in Boston that was founded in 2017 and is currently based in the city that it was founded in. The company has created a SaaS solution that provides test automation. This platform allows engineers to maintain these tests and identify any regressions that quality can be maintained in any creation.

Since being founded, the company has gone through four rounds of startup funding, with the most recent taking place in November 2021. These funding rounds have allowed the company to agree to deals with a total of five investors. The total gained from these investors has reached a figure of $76.1 Million.

13. Flipside Crypto

Year Founded: 2017

HQ: Boston, Mass, USA

Size: 11-50

Founders: Dave Balter, Eric Stone, Jim Myers

Flipside Crypto is a Boston startup that was founded in 2017 and is currently still based in the city of Boston. The company aims to help crypto-specific companies by providing a platform for analytics and business intelligence, with these tools being able to identify user patterns, activities of the developers and financial activities that impact their business. The business is currently working with some of the biggest crypto companies around.

The business has gone through four rounds of startup funding since being founded, with the last round taking place in April 2022. These funding rounds have seen the company strike deals with a total of 31 investors and these investors have allowed Flipside Crypto to raise a figure of $61.5 Million in startup funding.

14. Sonde Health

Year Founded: 2015

HQ: Boston, Mass, USA

Size: 1-10

Founders: Jim Harper, Jon Z Lin, Michael C. Chen

Sonde Health is a startup in Boston that was founded in 2015 and maintains its headquarters in the city. The business is a digital medicine company that uses voice-based technology to improve patient outcomes and the way mental health and physical conditions are diagnosed and monitored at both ends.

The business has gone through a single round of startup funding since it was founded, with the round taking place in April 2019. This funding round attracted the interest of three investors and the funding from these investors allowed the business to raise a figure of $22 Million.

15. TetraScience

Year Founded: 2014

HQ: Boston, Mass, USA

Size: 51-100

Founders: Alok Tayi, Salvatore Savo, Siping Wang

TetraScience is a Boston startup that was founded in 2014 and is currently based in the city still. The company has created a cloud-based management platform for data specifically for transformations in businesses involved in the life sciences and the discovery of new drugs for various conditions. This allows for better scalability, flexibility and efficiency in these businesses.

Since the business was founded, it has gone through eight rounds of startup funding, with the most recent round taking place in April 2021. These funding rounds have seen the company agree to deals with a total of 14 investors. From these investments, the company has managed to raise a figure of $99.1 Million.

16. Transmit Security

Year Founded: 2014

HQ: Boston, Mass, USA

Size: 251-500

Founders: Mickey Boodaei, Rakesh K. Loonkar

Transmit Security is a startup in Boston that was founded in 2014 and is currently headquartered in the city. The company provides consumer and enterprise scale solutions for passwordless identity and risk management. This is achieved in a compliant manner that improves organizational efficiency through an appless biometric indicator built in a low-code manner for ease of use.

The business has gone through a pair of funding rounds since being founded, with one in 2017 and 2021 respectively. These funding rounds have seen the company agree to investment deals with a total of nine investors. The amount raised from these investors has netted Transmit Security $583 Million.

17. Dispatch

Year Founded: 2013

HQ: Boston, Mass, USA

Size: 11-50

Founders: Alex Beletsky, Avi Goldberg, Eliran Sapir, Yaakov James Zar

Dispatch is a Boston startup that was founded in 2013 and is currently based in the Massachusetts city. The company is behind the creation of an operating system that improves service experiences for large companies and global brands. This allows companies to get ahead of their competition and win customer loyalty through improved relationships.

Since being founded, the company has gone through four rounds of startup funding, the most recent of these rounds was completed in September 2018. The sum of the investors participating in these funding rounds has reached 12 and the total raised from these investors has gotten the company $18.1 Million.

18. SparkCharge

Year Founded: 2014

HQ: Boston, Mass, USA

Size: 1-10

Founders: Christopher Ellis, Joshua Aviv, Richard Whitney

SparkCharge is a Boston startup that was founded in 2014 and is currently based in the city of Boston. The company is behind the building and creation of new EV charging technologies with an emphasis on portability, ease of use and faster charging to help power the revolution of electric vehicles.

Since being founded, the company has gone through six rounds of startup funding, with the most recent round taking place in November 2021. These funding rounds have seen the support of nine investors and from these investors, the company has managed to raise a figure of $12.8 Million.

19. Lightmatter

Year Founded: 2017

HQ: Boston, Mass, USA

Size: 51-100

Founders: Darius Bunandar, Nicholas Harris, Thomas Graham

Lightmatter is a startup in Boston that was founded in 2017 and is currently based in the east-coast city. The company is behind the design and manufacturing process of photonic computer chips that are specifically designed for Artificial Intelligence projects. These chips are created using light.

Since being founded, the company has gone through three rounds of startup funding and these rounds have seen the company strike deals with a total of eight investors. The efforts of these investors have helped the company to raise a figure of $113 Million.

20. Catalant

Year Founded: 2013

HQ: Boston, Mass, USA

Size: 251-500

Founders: Joe Miller, Patrick Petitti, Peter Maglathlin, Rob Biederman

Catalant is a startup in Boston that was founded in 2013 and is currently still based in the city. The company creates software solutions for enterprise clients that helps them to get a hold of business expertise on demand. The business currently works with more than 30% of the company's on the Fortune 100 list and currently partners with 65,000 experts and more than 1000 companies to help deliver this expertise.

The business has gone through seven rounds of startup funding since it was founded, with these funding rounds being supported by a total of 17 investors. These investors have helped the startup to raise a total of $110.6 Million.

21. Southie Autonomy

Year Founded: 2017

HQ: Boston, Mass, USA

Size: 1-10

Founders: Jay M. Wong, Jay Wong, Rahul Chipalkatty

Southie Autonomy is a Boston startup that was founded in 2017 and is currently based in the city. The business is behind the creation of robotics software that allows current industrial robots to be easily repurposed and redeployed by anyone. This reduces the amount of technological knowledge needed to effectively and safely utilize these robots.

The business has gone through a total of six rounds of startup funding since it was founded, with the most recent being completed in May 2022. These funding rounds have been supported by a total of eight investors and the investors have allowed the company to raise $7.6 Million.


FAQs

What is the Average Investment in Boston?

The average Seed Funding round in Boston is worth $1 Million and the average Series A round is worth $6 Million.

What Are The Strongest Sectors in Boston?

The strongest sectors in Boston are currently related to healthcare, finance, insurance, education and IT.

How Many Startups Are There In Boston?

There is currently more than 4000 startups based in Boston.

Top Boston Startups to Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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