Arizona's startup landscape features a wide range of industries, from artificial intelligence to renewable energy. The state is home to both long established companies and new ventures.
Clean energy company Arevon leads in funding with $3.5 billion. AI recruiting platform Paradox has also attracted significant investment, raising over $253 million.
Below is our list of 19 Arizona startups worth keeping an eye on.
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Get the Sheet for $50Paradox develops conversational AI software that helps companies automate their recruiting processes, from capturing candidates to screening them. Their AI assistant engages with applicants, answers their questions, and aims to create a faster, more efficient hiring experience for everyone involved.
| Year Founded | 2016 |
| Founders | Aaron Matos |
| Funding Amount | $253.3M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Sapphire Ventures, Thoma Bravo, Workday Ventures, Geodesic Capital, SAP.iO |
Blue Yonder develops an end-to-end platform that unifies a company's supply chain, retail, and commerce operations. Their software uses AI and machine learning to help retailers and manufacturers better predict customer demand and manage the entire fulfillment process.
| Year Founded | 1985 |
| Founders | Frederick Pakis, James Donald Armstrong |
| Funding Amount | $575M |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Secondary Market |
| Top Investors | New Mountain Capital, Panasonic, Blackstone Group |
Arevon develops, finances, and operates utility-scale solar and energy storage projects for businesses and communities. They supply clean energy solutions to corporate and utility customers across North America.
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | $3.5B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Undisclosed |
| Top Investors | CIBC, Wells Fargo, Royal Bank of Canada, National Bank of Canada, Commerzbank |
Nuclearn builds artificial intelligence solutions to automate critical tasks for the nuclear industry. Their software helps modernize plant operations and improve efficiency in a highly regulated environment.
| Year Founded | 2021 |
| Founders | Bradley Fox, Jerrold Vincent |
| Funding Amount | $13M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Blue Bear Capital, AZ-VC, SJF Ventures, Nucleation Capital |
Fender builds iconic electric guitars, basses, and amplifiers that have been central to music for decades. Their legendary instrument designs have helped create the signature sounds heard across countless genres.
| Year Founded | 1946 |
| Founders | Leo Fender |
| Funding Amount | $40M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Tiger Finance, JP Morgan, Evolution Media |
Birches Health operates a virtual clinic specializing in behavioral addictions like gambling, gaming, and social media use. Their platform provides patients with personalized treatment plans from a dedicated team of therapists and psychiatrists.
| Year Founded | 2023 |
| Founders | — |
| Funding Amount | $20M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Series A |
| Top Investors | General Catalyst, Haystack, Defy.vc, Will Ventures, AlleyCorp |
RunBuggy developed a cloud-native platform that connects car shippers with haulers across the country. The company's app provides an open marketplace to make shipping vehicles faster and more transparent.
| Year Founded | 2018 |
| Founders | Bryan Boye, Mark Hoye, Matt Hoye |
| Funding Amount | $71M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | OMI Capital, Centana Growth Partners |
Wealth.com built a digital estate planning platform that equips financial advisors with modern tools and resources. Their software helps streamline the complex process of creating, visualizing, and managing trusts and wills for clients.
| Year Founded | 2022 |
| Founders | Danny Lohrfink, Rafael Loureiro, Rei Carvalho, Tim White |
| Funding Amount | $46M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Corporate Round |
| Top Investors | Alumni Ventures, Charles Schwab, Firebolt Ventures, 53 Stations, GV |
Solera Health provides a digital health marketplace that connects people with curated programs for managing chronic conditions. The company's platform simplifies benefits for payers and employers by matching their members to the right solutions, from diabetes prevention to mental wellness.
| Year Founded | 2015 |
| Founders | Brenda Schmidt |
| Funding Amount | $112.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series E |
| Top Investors | Adams Street Partners, Walgreens Boots Alliance, Sandbox Industries, The Blue Venture Fund, SJF Ventures |
Virtuous Software develops a CRM and fundraising platform designed specifically for nonprofits and charitable organizations. Their tools help these organizations manage donor relationships and grow their giving.
| Year Founded | 2014 |
| Founders | Gabe Cooper, Rob Peabody |
| Funding Amount | $155.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Fulcrum Equity Partners, Desert Angels, PHX Ventures, MATH Venture Partners, Access Ventures |
9 Additional Arizona Startups Worth Following
Our top ten picks only scratch the surface of what's happening in Arizona. Other founders are building important companies in fields like healthcare, biotech, and real estate.
They are all at different points in their growth, from raising early funds to expanding quickly. Below are the other startups that are making an impact on the state's tech community.