Top Startups / May 27, 2022
Asaf Fybish

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

Top San Francisco Startups to Watch in 2022

San Francisco is one of the most famous cities in the United States and has a startup ecosystem with a similar reputation. With thousands of startups based in the city, it is no dout that many San Francisco startups are currently thriving. The reason why the city creates so many top startups is multi-facted. For instance, there are more than 90 active incubators and accelerators that arm founders with the funding, expertise and space to get their projects off the ground.

It should also be noted that San Francisco is in one of the main hubs for venture capital funding in the United States, providing growing projects with a wealth of local funding- to be precise, the Bay Area itself was responsible for 22% of global VC funding and 44% of USA VC funding during 2019, which highlights the strength of available funding.

Furthermore, there is a wealth of tech talent available in San Francisco, with 12.4% of employment in the city being in high-tech roles and multiple high-profile universities locally in the state that are known for creating tech talent such as UCLA, Caltech, USC and more. The local startup scene also makes it easier for founders to network and make the connections that they need to be successful.


1. OpenAI

Year Founded: 2015

HQ: San Francisco, California, United States

Size: 251-500

Founders: Elon Musk, Greg Brockman, Ilya Sutskever, Sam Altman, Wojciech Zaremba

OpenAI is a San Francisco startup that was founded in 2015 and is currently still based in the California city. The company has been co-founded by Elon Musk and is behind the research and development of new AI-based technology that has practical and useful applications for humanity as a whole. This is also aimed to be done in a manner that is safe for the world, considering potential threats brought about by AI.

The business has gone through two rounds of startup funding since being founded, with the last taking place in July 2019. These funding rounds have seen the company gain support from three investors, with these three investors helping the AI company to raise a total of $1 Billion.

2. Pachama

Year Founded: 2018

HQ: San Francisco, California, United States

Size: 51-100

Founders: Diego Saez-Gil, Tomás Aftalion

Pachama is a startup in San Francisco that was founded in 2018 and still maintains its headquarters in the Bay Area. The company aims to help in the mission to combat climate change through the creation of an AI-powered marketplace platform for the exchange of carbon credits which is combined with a range of climate monitoring tools to help businesses reach net-zero carbon emissions.

Since the company was founded, it has gone through six rounds of startup funding. The last of these funding rounds was completed in May 2022. These funding rounds have seen the company agree to deals with a total of 48 investors. From these investors, the company has managed to raise a total of $79.3 Million.

3. GrubMarket

Year Founded: 2014

HQ: San Francisco, California, United States

Size: 11-50

Founders: Mike Xu

The next start-up on the list is the technology company GrubMarket. It operates in the e-commerce, retail technology, internet, marketing and grocery industries. GrubMarket is, as hinted by the name, an online marketplace for food. On the platform, customers can buy quality, local, fresh food from a wide range. Some of the products included are gluten-free, organic and non-GMO foods.

Mike Xu founded the start-up in May 2014 and it now employs from eleven to fifty individuals and has a headquarters located in San Francisco, California, United States. An impressive $379.1M of total funding was raised in eleven funding rounds.

4. NovaKid

Year Founded: 2017

HQ: San Francisco, California, United States

Size: 251-500

Founders: Dmitry Malin, Maxim Azarov

Number four on the list of San Franciscan start-ups to watch in 2022 is an edtech start-up called NovaKid. It operates in the language learning, children and edtech industries. NovaKid provides its users with a platform to learn English as a second language. It has been designed to be used by children from the age of four years old to twelve years old. Using VR technologies and gamification, the company is making learning a language engaging.

Dmitry Malin and Maxim Azarov founded the company in December 2017 and it now employs between two hundred and fifty one and five hundred people. The headquarters for the company are located in San Francisco, California, United States. Since launching, the company has completed four funding rounds, raising a total of $41.5M funding.

5. CoinList

Year Founded: 2017

HQ: San Francisco, California, United States

Size: 11-50

Founders: Andy Bromberg, Brian Tubergen, Graham Jenkin, Joshua Slayton, Kendrick Nguyen, Paul Menchov

The next San Franciscan start-up on the list to watch in 2022 is another blockchain, cryptocurrency company. The fintech start-up is CoinList. This start-up provides a platform that connects new token holders with blue-chip crypto projects. Therefore, supporting the whole cycle of a crypto investment, developing blockchain technology. It also has the hub tag as a unicorn.

CoinList was founded in 2017 by Andy Bromberg, Brian Tubergen, Graham Jenkin, Joshua Slayton, Kendrick Nguyen and Paul Menchov. It now employs between eleven to fifty people and has a headquarters in San Francisco, California, United States. The total funding amount the company has raised currently sits at $119.2M.

6. HackerOne

Year Founded: 2012

HQ: San Francisco, California, United States

Size: 251-500

Founders: Alex Rice, Jobert Abma, Merijn Terheggen, Michiel Prins

HackerOne is a San Francisco startup that was founded in 2012 and is currently based in the city of San Francisco. The company has created a security solution for businesses that allows them to connect with peneration testers and experts in cybersecurity, it also allows for the creation of bug bounty systems to ensure that hackers can be incentivized to help businesses to improve their security for the benefit of their customers.

The startup has gone through five rounds of startup funding since being founded, with the last round taking place in January 2022. These funding rounds have seen the company gain support from a total of 13 investors and the assistance from these investors has helped the company to net investment of $159.4 Million, with the company also completing a pair of acquisitions.

7. Mutiny

Year Founded: 2018

HQ: San Francisco, California, United States

Size: 11-50

Founders: Jaleh Rezaei, Nikhil Mathew

Mutiny is a San Francisco startup that was founded in 2018 and is currently based in the city. The company has developed a low-code marketing platform that allows businesses to easily get data and analytics on their customers, as well as getting personalized recommendations for content that will attract customers, without the need for large data teams.

Since being founded, the company has gone through five rounds of startup funding, with the most recent taking place in April 2022. These funding rounds have seen the company gain support from 20 investors. The total raised from these investors has reached a figure of $71.6 Million.

8. Watershed

Year Founded: 2019

HQ: San Francisco, California, United States

Size: 1-10

Founders: Avi Itskovich, Christian Anderson, Taylor Francis

Watershed is a startup in San Francisco that was founded in 2019 and is currently based in the home of the Golden Gate Bridge. The company is another example of a startup looking to tackle the climate crisis, Watershed achieves this through a software platform that helps businesses to monitor and reduce their overall climate footprint in a matter of weeks rather than years, which speeds up the solution to a very time-sensitive issue.

Since being founded, the company has gone through a pair of startup funding rounds, with the last being completed in February 2022. These funding rounds have been supported by two investors and this has allowed the business to raise a figure of $70 Million to further research and development.

9. Osmind

Year Founded: 2020

HQ: San Francisco, California, United States

Size: 51-100

Founders: Jimmy Qian, Lucia Huang

Osmind is a San Francisco startup that was founded in 2020 and is currently based in the city of San Francisco. The company is led by scientists and professionals within the mental health sector to develop new, effective, evidence-based medicine that can help individuals with moderate and severe mental health conditions, to make sure people in the future can get the help they need.

The company has gone through four rounds of startup funding since being founded, with the last round concluding in May 2022. These funding rounds have seen the company strike deals with 20 investors and from these investors, the business has managed to raise a total of $57.2 Million.

10. Madison Reed

Year Founded: 2013

HQ: San Francisco, California, United States

Size: 251-500

Founders: Amy Errett, Eric Hutchinson, Sabrina Riddle

Madison Reed is a startup in San Francisco that was founded in 2013 and is currently headquartered in the California city.  The company provides a range of high-quality hair coloring products online, with easy services to allow for delivery. This lets people get the hair products they need, with more simplicity.

The business has gone through 13 rounds of startup funding since being founded, with the last taking place in April 2022. These funding rounds have seen the company agree to deals with 27 investors and the efforts of these investors have helped the beauty brand to raise a figure of $236 Million.

11. Jupiter

Year Founded: 2019

HQ: San Francisco, California, United States

Size: 1-10

Founders: Anna Piñol Mediano, Anuraag Nallapati, Chad Munroe, Will Yin

Jupiter is a San Francisco startup that was founded in 2019 and is headquartered in San Francisco, USA. The company is building a food and ingredient delivery ecosystem with an emphasis on reducing packaging waste brought about by food delivery. This helps people to make environmentally conscious choices when they're planning their weekly meals.

The company has gone through five rounds of startup funding since being founded, with the last being completed in July 2021. These funding rounds have been supported by a total of six investors. From these investors, the company has managed to successfully raise a figure of $2.8 Million.

12. Substack

Year Founded: 2017

HQ: San Francisco, California, United States

Size: 51-100

Founders: Christopher Best, Hamish McKenzie, Jairaj Sethi

Substack is a San Francisco startup that was founded in 2017 and is still based in the Bay Area. The company aims to help independent writers to make money from their work by providing a platform that allows writers to host their own independent, paid newsletters that are paid for by subscribers on the platform. The platform also makes use of a variety of tools, including editing software to make the writing process significantly easier.

Since being founded, the company has gone through four rounds of startup funding, with the last funding round being completed in March 2021. These funding rounds have been supported by a total of 15 investors. From these investors, the platform has managed to raise a figure of $82.4 Million.

13. Airbyte

Year Founded: 2020

HQ: San Francisco, California, USA

Size: 1-10

Founders: John Lafleur, Michel Tricot

Airbyte is a startup in San Francisco that was founded in 2020 and is currently based in the city. The company has created a data integration platform that allows businesses to sync data from their applications, APIs, Databases, Warehouses and other data centres. This allows data scientists to get access and visibility of all of their data within a single, easy to use platform.

The business has gone through four rounds of startup funding since being founded, with the most recent taking place in December 2021. These funding rounds have seen the company agree to deals with a total of 23 investors. From these investors, the company has managed to raise a figure of $181.2 Million.

14. Replicant

Year Founded: 2017

HQ: San Francisco, California, USA

Size: 11-50

Founders: Andrew Abraham, Benjamin Gleitzman, Gadi Shamia, Jack Abraham

Replicant is a startup in San Francisco that was founded in 2017 and is currently based in San Francisco, USA. The company has created a solution to help overburdened contact centres to automate their most made requests, which saves time and leads to better customer outcomes. This is achieved through artificial intelligence voice technology.

Since being founded, the company has gone through four rounds of startup funding, with the most recent taking place in April 2022. These funding rounds have been supported by a total of nine investors. From these investors, the company has managed to raise a total of $113 Million.

15. Securitize

Year Founded: 2017

HQ: San Francisco, California, United States

Size: 51-100

Founders: Carlos Domingo, Jamie H. Finn, Shay Finkelstein, Tal Elyashiv

Securitize is a startup in San Francisco that was founded in 2017 and is currently based in the California city. The company works by enabling digital currencies, making it easier for investors to manage, own and and trade their digital securities with capital markets. The company is registered with the SEC, so customers know that they are protected.

Since the business was founded, it has gone through nine rounds of startup funding, with the most recent taking place in July 2021. These funding rounds have been supported by a total of 34 investors. From these investors, the company has managed to raise a figure of $100.2 Million

16. Baseten

Year Founded: 2019

HQ: San Francisco, California, United States

Size: 1-10

Founders: Amir Haghighat, Philip Howes, Tuhin Srivastava

Baseten is a San Francisco startup that was founded in 2019 and is currently based in San Francisco, USA. The company earns its money through helping data science teams to access instant APIs and UI components so they can build and bring actionable apps to the market.

Since being founded, the company has gone through three rounds of startup funding. From these funding rounds, the company managed to agree to deals with 13 investors. The efforts of these investors have allowed the company to raise a total of $20 Million.

17. Upgrade

Year Founded: 2016

HQ: San Francisco, California, United States

Size: 251-500

Founders: Adelina Grozdanova, Jeff Bogan, Matt Wierman, Renaud Laplanche, Soul Htite, Visar Nimani

Upgrade is a startup in San Francisco that was founded in 2016 and is currently based in San Francisco, USA. The company operates in the fintech market and offers a solution that connections mainstream customers with credit and mobile banking. This is coupled with credit monitoring and financial education tools to help their customers.

The company has gone through eight rounds of startup funding since being founded, with the last being completed in November 2021. These funding rounds have been supported by a total of 27 investors, with these investors helping the startup to raise a figure of $587 Million.

18. Instawork

Year Founded: 2015

HQ:  San Francisco, California, United States

Size: 51-100

Founders: Saureen Shah, Sumir Meghani

Instawork in a San Francisco startup that was founded in 2015 and is currently based in the California city. The company has created a gap to create an environment for instant work between gig workers and companies that need roles filled. This aims to make the process of finding fast work easier and safer.

Since being founded, the company has gone through five rounds of startup funding, with the most recent taking place in July 2021. These funding rounds have seen the company agree to deals with 38 investors. From these investors, the startup has managed to raise a total of $88 Million.

19. Ethos

Year Founded: 2016

HQ: San Francisco, California, United States

Size: 251-500

Founders: Lingke Wang, Peter Colis

Ethos is a startup in San Francisco that was founded in in 2016 and is currently based in the home of the Golden Gate Bridge. The company aims to stand apart from other life insurance providers by offering instant, affordable and ethical access to life insurance cover through digital means, to make it easier to protect your family.

The startup has gone through seven rounds of startup funding since being founded, with the most recent being completed in July 2021. From these funding rounds, Ethos has managed to secure investment from 19 investors, combining for a total amount raised of $406.5 Million by the startup.

20. DoraHacks

Year Founded: 2014

HQ: San Francisco, California, United States

Size: 1-10

Founders: Jiannan Zhang

DoraHacks is a San Francisco startup that was founded in 2014 and is currently based in the California city. The company runs a community of ethical hackers and regularly creates hackathon events. In addition to this, grants and bug bounty opportunities are also made available.

Since being founded, the company has gone through seven rounds of startup funding. The company has managed to secure deals with a total of 17 investors from these funding rounds and the total raised from these investors has reached a figure of $28 Million.

21. Brightseed

Year Founded: 2017

HQ: San Francisco, California, United States

Size: 11-50

Founders: Jim Flatt, Lee Chae, Sofia Elizondo

Brightseed is a startup in San Francisco that was founded in 2017 and is currently based in the Golden State city. The company uses artificial intelligence in biotechnology to identify and reveal powerful compounds contained within plants, aiming to lead to a healthier future by harnessing the potential of these compounds.

Since being founded, the company has gone through three rounds of startup funding, with the most recent taking place in May 2022. These funding rounds have seen the company strike deals with a total of nine investors. From these investors, the company has managed to raise $95.2 Million.


FAQs

What Is The Average Investment In San Francisco?

During 2021, startups in San Francisco raised a figure of $61.2 Billion collectively.

What Are The Strongest Sectors in San Francisco?

The major markets in San Francisco are tourism, financial services, construction, transportation, technology and IT.

How Many Startups Are There in San Francisco?

There are currently more than 4000 startups based in San Francisco.

Top San Francisco Startups to...
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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