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100 Top Unicorns
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The 16 Unicorn Startups Founded in Palo Alto

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Palo Alto is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in Palo Alto, these 16 companies should be your inspiration.

The 16 Unicorns in Palo Alto

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Compliance doesn’t have to be complicated. In fact, with Vanta it can be super simple. Vanta automates the pricey, time-consuming process of prepping for SOC 2, ISO 27001, HIPAA, and more. Attend a demo and lunch is on Vanta!

TripActions

TripActions

TripActions is a travel management platform that helps streamline the business travel and expense process for companies.

Details of the startup:

  • Valuation:

    $7.25

    B (

    November 2018

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Ariel Cohen, Ilan Twig

  • Industries:

    Business Travel, Customer Service, Payments, Software

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,040.48M

  • Number of funding rounds:

    13

  • Number of investors:

    21

here

Gong

Gong

Gong.io is a platform for analytics for growth, that empowers business insights through data collection, visualizations, and automation.

Details of the startup:

  • Valuation:

    $7.25

    B (

    August 2020

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Amit Bendov, Eilon Reshef

  • Industries:

    Artificial Intelligence, CRM, Enterprise Software, Information Technology, Machine Learning, Sales, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $583.00M

  • Number of funding rounds:

    7

  • Number of investors:

    13

here

SambaNova Systems

SambaNova Systems

SambaNova Systems is building the next-generation computing platform, bringing the efficiency and capability of cloud computing to unstructured data.

Details of the startup:

  • Valuation:

    $5.00

    B (

    April 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2017

  • Founders:

    Christopher Ré, Kunle Olukotun, Rodrigo Liang

  • Industries:

    Analytics, Artificial Intelligence, Computer, Machine Learning, Semiconductor, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $1,132.00M

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

Rubrik

Rubrik

The Rubrik platform unifies backup, recovery, and archive to enable an agile approach to data management

Details of the startup:

  • Valuation:

    $4.00

    B (

    April 2017

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2014

  • Founders:

    Arvind Jain, Arvind Nithrakashyap, Bipul Sinha, Soham Mazumdar

  • Industries:

    Cloud Computing, Cloud Data Services, Information Technology, Security, Software

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $553.00M

  • Number of funding rounds:

    15

  • Number of investors:

    21

here

Houzz

Houzz

Houzz is the largest and fastest growing online platform in the world dedicated to home remodeling, architecture, interior design, decorating, landscaping, and home improvement.

Details of the startup:

  • Valuation:

    $4.00

    B (

    September 2014

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2008

  • Founders:

    Adi Tatarko, Alon Cohen

  • Industries:

    Architecture, Home Improvement, Home Renovation, Interior Design, Smart Home

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,102.50M

  • Number of funding rounds:

    8

  • Number of investors:

    22

here

Next Insurance

Next Insurance

Next Insurance is a digital insurance provider for small businesses and startups.

Details of the startup:

  • Valuation:

    $4.00

    B (

    October 2019

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2016

  • Founders:

    Alon Huri, Guy Goldstein, Nissim Tapiro

  • Industries:

    Commercial Insurance, Finance, Insurance, InsurTech, Small and Medium Businesses

  • Number of employees:

    250-500

  • Funding Amount:

    $881.00M

  • Number of funding rounds:

    6

  • Number of investors:

    17

here

PsiQuantum

PsiQuantum

PsiQuantum is building a large-scale, general-purpose silicon photonic quantum computer with at least 1 million physical qubits.

Details of the startup:

  • Valuation:

    $3.15

    B (

    July 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2016

  • Founders:

    Jeremy O'Brien, Mark Thompson, Peter Shadbolt, Terry Rudolph

  • Industries:

    Computer, Hardware, Quantum Computing

  • Number of employees:

    100-250

  • Funding Amount:

    $728.50M

  • Number of funding rounds:

    6

  • Number of investors:

    13

here

Plume

Plume

Plume is a cloud-based platform for your connected home. Use it to set up and control smart, secure devices to optimize your home’s comfort and energy efficiency.

Details of the startup:

  • Valuation:

    $2.60

    B (

    February 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Adam Hotchkiss, Aman Singla, Fahri Diner, Sri Nathan

  • Industries:

    Network Hardware, SaaS, Smart Home, Wireless

  • Number of employees:

    250-500

  • Funding Amount:

    $712.93M

  • Number of funding rounds:

    7

  • Number of investors:

    17

here

Uniphore

Uniphore

Uniphore is a customer service platform that is powered by AI and automation technologies.

Details of the startup:

  • Valuation:

    $2.50

    B (

    February 2022

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2008

  • Founders:

    Ravi Saraogi, Umesh Sachdev

  • Industries:

    Artificial Intelligence, Customer Service, Machine Learning, SaaS, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $444.63M

  • Number of funding rounds:

    8

  • Number of investors:

    21

here

Medable

Medable

Medable is transforming clinical research and predictive medicine by creating a platform powered by patient generated data.

Details of the startup:

  • Valuation:

    $2.10

    B (

    October 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2013

  • Founders:

    James Sas, Michelle Longmire, Perry Robinson, Tim Smith

  • Industries:

    Medical Device, Messaging, Pharmaceutical

  • Number of employees:

    250-500

  • Funding Amount:

    $533.75M

  • Number of funding rounds:

    7

  • Number of investors:

    12

here

Salt Security

Salt Security

Salt Security provides an API protection platform designed to prevent attacks by leveraging machine learning and AI.

Details of the startup:

  • Valuation:

    $1.40

    B (

    February 2022

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2016

  • Founders:

    Michael Nicosia, Roey Eliyahu

  • Industries:

    Artificial Intelligence, Cyber Security, Developer APIs, Machine Learning

  • Number of employees:

    100-250

  • Funding Amount:

    $270.74M

  • Number of funding rounds:

    6

  • Number of investors:

    15

here

Flipboard

Flipboard

Flipboard combines the functionality of a social news platform with a tablet app to create a magazine-like experience.

Details of the startup:

  • Valuation:

    $1.32

    B (

    July 2015

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2010

  • Founders:

    Evan Doll, Mike McCue

  • Industries:

    Apps, iOS, Media and Entertainment, Mobile, News, Social

  • Number of employees:

    100-250

  • Funding Amount:

    $210.50M

  • Number of funding rounds:

    5

  • Number of investors:

    19

here

Turing

Turing

Turing is an information technology company that enables start-ups, businesses, and organizations to hire software engineers.

Details of the startup:

  • Valuation:

    $1.10

    B (

    December 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2018

  • Founders:

    Jonathan Siddharth, Vijay Krishnan

  • Industries:

    Freelance, Information Technology, Software, Software Engineering

  • Number of employees:

    500-1,000

  • Funding Amount:

    $136.05M

  • Number of funding rounds:

    11

  • Number of investors:

    85

here

Minio

Minio

MinIO offers high-performance, S3 compatible object storage for multi-cloud architectures. Software-defined, cloud-native + 100% opensource.

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2022

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2014

  • Founders:

    Anand Babu Periasamy, Frederick Kautz, Garima Kapoor, Harshavardhana .

  • Industries:

    Big Data, Cloud Storage, Data Center, Internet, Open Source, Software

  • Number of employees:

    10-50

  • Funding Amount:

    $126.30M

  • Number of funding rounds:

    3

  • Number of investors:

    17

here

Noname Security

Noname Security

Noname Security is a security platform that allows enterprises to see and secure managed and unmanaged APIs.

Details of the startup:

  • Valuation:

    $1.00

    B (

    December 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2020

  • Founders:

    Oz Golan, Shay Levi

  • Industries:

    Cloud Security, Enterprise Software, Network Security

  • Number of employees:

    100-250

  • Funding Amount:

    $141.00M

  • Number of funding rounds:

    3

  • Number of investors:

    7

here

Snorkel AI

Snorkel AI

Snorkel AI provides a platform to build AI applications quickly.

Details of the startup:

  • Valuation:

    $1.00

    B (

    August 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2019

  • Founders:

    Alexander Ratner, Braden Hancock, Chris Re, Henry Ehrenberg, Paroma Varma

  • Industries:

    Artificial Intelligence, Enterprise Software, Machine Learning, SaaS

  • Number of employees:

    50-100

  • Funding Amount:

    $196.00M

  • Number of funding rounds:

    5

  • Number of investors:

    13

here
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