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Utah Unicorns

Top 6 Unicorn Startups Founded in Utah

6 companies from Utah have become unicorns. We have compiled all of them in this blog article.

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How do unicorn startups emerge?

How are they formed?

What does it take to become one of the Unicorn startups?

These are all questions many entrepreneurs ask themselves when building their companies.

Here are the 6 startups in Utah – Podium and Lucid included – which have become unicorns.

Top 6 Unicorn Startups in Utah

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Divvy

Divvy

Divvy is the best online expenses and invoicing platform for small businesses. **

Details of the startup:

  • Valuation:

    $1.60

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    Draper

  • Started in:

    2016

  • Founders:

    Alex Bean, Blake Murray

  • Industries:

    FinTech, Payments, Productivity Tools, SaaS

  • Number of employees:

    250-500

  • Funding Amount:

    $417,500,000

  • Number of funding rounds:

    5

  • Number of investors:

    13

here

Lucid

Lucid

Lucid is software that empowers teams to rapidly create and deliver, with the support of a platform that cultivates growth and lets your team own their visual DNA.

Details of the startup:

  • Valuation:

    $56

    B (

    February 2021

    )

  • Country:

    United States

  • City:

    South Jordan

  • Started in:

    2010

  • Founders:

    Ben Dilts, Darrell Swain, Karl Sun

  • Industries:

    Collaboration, Enterprise Software, Information Technology, Internet, Mobile, Mobile Apps, SaaS, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $170,462,414

  • Number of funding rounds:

    6

  • Number of investors:

    16

here

MX Technologies

MX Technologies

MX Technologies processes risk, identity and payment data to help fintech companies power new ways to manage money.

Details of the startup:

  • Valuation:

    $1.90

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    Lehi

  • Started in:

    2010

  • Founders:

    Brandon Dewitt, Ryan Caldwell

  • Industries:

    Banking, Finance, Financial Services, FinTech

  • Number of employees:

    500-1,000

  • Funding Amount:

    $450,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    28

here

Podium

Podium

Podium is a customer communication platform for businesses who interact with customers on a local level. It’s designed to help them communicate directly with their customers through e-newsletters and answering their questions, comments and suggestions in real time.

Details of the startup:

  • Valuation:

    $1.50

    B (

    April 2020

    )

  • Country:

    United States

  • City:

    Lehi

  • Started in:

    2014

  • Founders:

    Dennis Steele, Eric Rea

  • Industries:

    Consumer Reviews, Local Business, Messaging, Reputation, SaaS, Small and Medium Businesses, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $218,120,000

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

Venafi

Venafi

Venafi protects the keys and certificates that ultimately underpin the security of the Internet. They automate security for both traditional and cloud environments and help you protect your customers, partners, and employees while improving compliance.

Details of the startup:

  • Valuation:

    $1.15

    B (

    December 2020

    )

  • Country:

    United States

  • City:

    Salt Lake City

  • Started in:

    2004

  • Founders:

    Jayson Seegmiller

  • Industries:

    Cyber Security, Enterprise Software, Information Technology, SaaS, Security

  • Number of employees:

    250-500

  • Funding Amount:

    $167,199,997

  • Number of funding rounds:

    6

  • Number of investors:

    9

here

XANT.ai

XANT.ai

XANT.ai is a predictive marketing platform that provides salesforce with automated tour guided messaging for speeding up agile sales cycles.

Details of the startup:

  • Valuation:

    $1.65

    B (

    April 2014

    )

  • Country:

    United States

  • City:

    Lehi

  • Started in:

    2004

  • Founders:

    Chris Harrington, David Elkington, Ken Krogue, Rob Christensen

  • Industries:

    Analytics, Artificial Intelligence, Big Data, Machine Learning, Marketing, Predictive Analytics, SaaS, Sales, Sales Automation, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $251,200,024

  • Number of funding rounds:

    6

  • Number of investors:

    15

here
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