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This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
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Maryland's startup ecosystem shows significant strength in sectors like clean energy, defense technology, and cybersecurity. These companies are spread throughout the state, from Rockville to Baltimore.
Clean energy developer X-energy leads with $1B in total funding. Other major players include autonomous systems firm Forterra and cybersecurity company Huntress, which have raised $411.3M and $309.8M respectively.
Below is our list of 35 Maryland startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50X-energy develops advanced small modular nuclear reactors and proprietary fuel to provide clean, reliable energy. Their technology is designed to be a safer and more scalable alternative to traditional nuclear power plants.
Forterra develops autonomous systems for ground-based vehicles, focusing on defense and industrial applications. Their AutoDrive® platform is a vehicle-agnostic software kit that can be retrofitted onto existing vehicles for complex, off-road operations.
Mytonomy builds healthcare cloud solutions focused on video-based patient education and engagement. Their platform enables providers to stream tailored video content, helping patients better understand their medical journey and treatment options.
Huntress builds a managed security platform that combines automated detection software with a team of human threat analysts. They focus on delivering enterprise-grade cybersecurity to small and mid-sized businesses, a market often underserved by other security providers.
Employee Navigator builds an all-in-one software platform for benefits, HR, and compliance. Their SaaS solution is designed for insurance brokers and HR departments to manage everything from new hire onboarding to ACA reporting.
EcoMap Technologies creates AI-driven platforms that map and organize complex ecosystems such as industries and communities. Their technology makes information accessible by automatically centralizing resources and data into a single, navigable platform.
b.well Connected Health offers a digital health platform that unifies a person's complete medical history in one place. The technology aggregates records from various sources, including doctors, labs, and insurance plans, to give individuals a comprehensive view of their health data.
Quantum Xchange builds a crypto-agile key delivery system that makes an organization's transmitted data safe from quantum computing attacks. The company's Phio Trusted Xchange (TX) platform is designed to protect against "harvest now, decrypt later" threats by future-proofing existing encryption.
Scene Health tackles medication non-adherence through a program that combines personalized support with video technology. Their platform uses a method called video Directly Observed Therapy (DOT), helping patients with chronic and infectious diseases stick to their treatment plans.
InventWood creates a new class of advanced materials by transforming natural wood for high-performance applications. The company's portfolio includes products like MettleWood, a material stronger than steel, designed as a sustainable alternative for the manufacturing and construction industries.
Those top ten companies are just a small slice of what’s happening in Maryland right now. The state has a deep bench of startups in biotech and security, which together have raised more than $1.8 billion.
Some are just getting started while others have been growing for years. Here are the other companies that make Maryland's startup community so strong.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Biotech | 2004 | $34.4M | Private Equity | |
| Analytics | 2016 | $100M | Private Equity | |
| Biotech | 2020 | $50M | Series B | |
| Fintech | 1999 | $119.6M | Debt Financing | |
| Healthcare | 2000 | $202.6M | Venture Round | |
| Analytics | 2015 | $76.7M | Series D | |
| Security | 2021 | $43M | Series A | |
| Hardware | 2004 | $103.1M | Venture Round | |
| Biotech | 2015 | $44M | Series A | |
| Biotech | 2017 | $5.6M | Debt Financing | |
| Hardware | 2014 | $201.4M | Series C | |
| Security | 2018 | $47.6M | Series A | |
| Biotech | 2012 | $41M | Grant | |
| Security | 2017 | $27.2M | Venture Round | |
| AI | 2018 | $6.5M | Grant | |
| Enterprise | 2014 | $5.9M | Venture Round | |
| AI | 2017 | $12.5M | Series B | |
| Security | 2020 | $18.8M | Venture Round | |
| Biotech | 2021 | $56M | Series A | |
| Healthcare | 2000 | $252M | Private Equity | |
| Food | 1959 | $1.8M | Grant | |
| Travel | 2012 | $12.9M | Venture Round | |
| Enterprise | 2022 | $2.7M | Seed | |
| Biotech | 2012 | $310.2M | Venture Round | |
| Analytics | 1991 | $22.2M | Debt Financing |
