North Carolina's startup scene features a diverse range of industries, from financial technology to advanced manufacturing. The state hosts both long-standing technology companies and newly founded ventures.
Gaming developer Epic Games has attracted $7.9 billion in total funding. More recent arrivals include telecommunications company BrightSpeed, which has raised $6.5 billion since its founding in 2021.
Below is our list of 36 North Carolina startups worth keeping an eye on.
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Get the Sheet for $50Brightspeed provides fiber and broadband services, building a modern telecommunications network for homes and businesses. They focus on delivering reliable, high-speed internet to enhance connectivity for customers.
| Year Founded | 2021 |
| Founders | Chris Creager, Robert Mudge, Tom Maguire |
| Funding Amount | $6.5B |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Grant |
| Top Investors | Ohio Residential Broadband Expansion Grant, Apollo, Mubadala, North Carolina Department of Information Technology, Ohio Department of Development |
Aiwyn develops an intelligent automation platform to help accounting firms manage their billing and cash flow. Their software uses AI to streamline collections and offer clients modern payment experiences.
| Year Founded | 2020 |
| Founders | Chris Furlong, Ellen Choi, Justin Adams, Pat Morrell, Tanner Fritz |
| Funding Amount | $127M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Bessemer Venture Partners, Revolution Ventures, Kohlberg Kravis Roberts, Cerity Partners Ventures, Relevance Ventures (formerly Relevance Capital) |
Epic Games develops globally recognized video games and the foundational technology behind many others. Their Unreal Engine is a real-time 3D creation tool used by developers to build immersive experiences for gaming, film, and more.
| Year Founded | 1991 |
| Founders | Mark Rein, Tim Sweeney |
| Funding Amount | $7.9B |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Franklin Templeton, BlackRock, Lightspeed Venture Partners, Quiet Capital, HOF Capital |
Pendo develops a product analytics platform that helps teams understand how customers use their software. Their digital adoption solutions then allow companies to create in-app guides and walkthroughs to improve the user experience.
| Year Founded | 2013 |
| Founders | Eric Boduch, Erik Troan, Rahul Jain, Todd Olson |
| Funding Amount | $579.4M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | General Atlantic, Battery Ventures, Thoma Bravo, B Capital, Sapphire Ventures |
Spreedly builds a payment orchestration platform that gives businesses a single point of connection to numerous payment services globally. This platform enables companies to process transactions in over 100 countries and securely store customer payment information.
| Year Founded | 2007 |
| Founders | Alexander Kohlhofer, Duff O'Melia, John Carlin, Justin Benson, Nathaniel Talbott |
| Funding Amount | $81.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Spectrum Equity, E-Merge, Harold Mechelynck |
Flexential builds and manages a national portfolio of data centers that deliver hybrid IT solutions, including colocation, cloud, and interconnection. They focus on providing robust data protection and professional services for enterprises with complex infrastructure requirements.
| Year Founded | 2000 |
| Founders | David Jones |
| Funding Amount | $1B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Hamilton Lane, GI Partners, Morgan Stanley Infrastructure Partners |
isolved provides an intuitive Human Capital Management (HCM) platform designed to manage the entire employee journey. Their all-in-one software helps businesses handle everything from talent acquisition and payroll to workforce management and employee engagement.
| Year Founded | 1986 |
| Founders | — |
| Funding Amount | $350M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Secondary Market |
| Top Investors | Accel-KKR, Goldman Sachs Alternatives |
Pluto Health built an AI platform that connects fragmented health data to give care providers a complete view of their patients. This unified approach helps teams close the loop on care and better manage integrated health services.
| Year Founded | 2020 |
| Founders | Guruprasad Kora, Joy Bhosai, MD, MPH, Noah Hayes |
| Funding Amount | $8.9M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Plug and Play, Sierra Ventures, Afore Capital, Mucker Capital, Asset Management Ventures (AMV) |
Vulcan Elements manufactures rare-earth magnets for critical defense and commercial applications. They supply essential components for demanding sectors like the aerospace and industrial manufacturing industries.
| Year Founded | 2023 |
| Founders | John Maslin, Piotr Kulik |
| Funding Amount | $70.2M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | FJ Labs, One Investment Management, Altimeter |
Apiture builds a digital banking platform that helps banks and credit unions create modern online and mobile experiences. Their open API architecture allows financial institutions to easily integrate new features and services.
| Year Founded | 2017 |
| Founders | Christopher Cox |
| Funding Amount | $69M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | T. Rowe Price, Bankers Healthcare Group, Live Oak Bank, Pinnacle Financial Partners, BHG Financial |
26 Additional North Carolina Startups Worth Following
Our top 10 picks are just a glimpse into the exciting things happening in North Carolina. Founders across the state are building new companies and finding creative ways to grow.
Together, the companies below have raised over $6 billion, with many working in fields like biotech, fintech, and energy. Here is a closer look at the other startups shaping North Carolina's future.