Top 10 Lehi Startups to Watch in 2026
Lehi, Utah is a key hub within the state's growing technology sector, attracting companies across many industries. The local startup scene includes businesses in software, artificial intelligence, and real estate technology.
Property management platform Entrata leads with $707M in total funding. Meanwhile, newer ventures like renewable energy company Torus show the area's diversity, having raised $267M since 2021.
Below is our list of 10 Lehi startups worth keeping an eye on.
Failory's Top 10 Picks
Torus builds smart energy storage and management systems that empower homeowners and businesses to control their own power. The company's integrated products are designed to work with renewable sources, providing energy independence and cost savings.
| Year Founded | 2021 |
| Founders | Nate Walkingshaw |
| Funding Amount | $267M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | ICONIQ Capital, EPIC Ventures, Origin Ventures, Pelion Venture Partners, Magnetar Capital |
Entrata builds a comprehensive property management platform used by operators in the multifamily housing industry. The software helps teams manage the entire resident lifecycle, from leasing and accounting to online payments and maintenance requests.
| Year Founded | 2003 |
| Founders | Dave Bateman, Johnny Hanna |
| Funding Amount | $707M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Silver Lake, Blackstone Group, Dragoneer Investment Group, Element Ventures, Jaws Ventures |
NetDocuments develops a comprehensive cloud platform where legal professionals can manage the entire lifecycle of their work. The software combines secure document and email management with collaboration and workflow automation tools built for law firms.
| Year Founded | 1999 |
| Founders | Kenneth Duncan |
| Funding Amount | $30M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Secondary Market |
| Top Investors | Clearlake Capital Group, Warburg Pincus, Cove Hill Partners, Frontier Growth |
Sirion offers an AI-powered contract lifecycle management (CLM) platform built for large enterprises. Their software helps businesses streamline the entire contracting process, from authoring and negotiation to ongoing management and analysis.
| Year Founded | 2012 |
| Founders | Aditya Gupta, Ajay Agrawal, Claude Marais, Kanti Prabha |
| Funding Amount | $171M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Peak XV Partners, Tiger Global Management, Partners Group, Qualgro VC, Brookfield Growth |
SchoolAI builds an AI-powered platform that gives educators tools for creating a more personalized classroom experience. The system is designed to save teachers time while providing the data necessary to better support individual students.
| Year Founded | 2021 |
| Founders | Caleb Hicks |
| Funding Amount | $25M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Series A |
| Top Investors | Insight Partners, The General Partnership, NextView Ventures, Peterson Ventures, Graph Ventures |
Limble CMMS builds a modern, mobile-first platform that helps maintenance teams organize, track, and streamline their operations. The software is designed to be easy to use, which drives high adoption rates for managing work orders and preventive care.
| Year Founded | 2015 |
| Founders | Bryan Christiansen, Jeff Babb, Miguel Ramos, Nathan Washburn, Patricia Sagastume |
| Funding Amount | $97M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Goldman Sachs Growth Equity |
Sequifi built an all-in-one platform that simplifies HR and payroll for businesses. Their software handles key functions like employee onboarding, benefits administration, time tracking, and compliance.
| Year Founded | 2020 |
| Founders | Roshan Kumar |
| Funding Amount | $6.7M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Cervin Ventures, Tokyo Black, Frazier Group, Roshan Kumar |
Route builds a post-purchase experience platform that gives e-commerce brands more control over the customer journey after checkout. Their software provides shoppers with visual package tracking, shipping protection, and options for carbon-neutral delivery.
| Year Founded | 2018 |
| Founders | Mike Moreno |
| Funding Amount | $288.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Madrona, Craft Ventures, Sorenson Capital, FJ Labs, Riot Ventures |
Clozd provides services and a technology platform dedicated to win-loss analysis. They help enterprise teams gather direct buyer feedback to understand the real reasons behind their sales outcomes.
| Year Founded | 2017 |
| Founders | Andrew Peterson, Spencer Dent |
| Funding Amount | $55.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Madrona, Greycroft, Album VC |
Podium provides a customer interaction platform that helps local businesses manage communications and payments in one place. Their tools consolidate everything from lead management and online reviews to text marketing and payments through a single inbox.
| Year Founded | 2014 |
| Founders | Dennis Steele, Eric Rea |
| Funding Amount | $422.7M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Accel, Sorenson Capital, Sapphire Ventures, Y Combinator, IVP |
