Abhishek Chauhan
The startup ecosystem has become a significant worldwide growth engine and aspirational tech powerhouse in recent years. Around the world, there are a number of companies that are flourishing and favor the younger generation to work in and obtain expertise in their fields of interest. Startups are an exception, offering the ideal chance to improve one’s abilities and grow professionally from entry-level roles.
The article below aims to summarize the top 10 successful startups worldwide that have received billion-dollar valuations and are still rife with fresh, creative ideas.
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Uber
The online taxi service Uber only qualifies as a startup under formal standards. Despite being just six years old and not yet going public, Uber has developed into a significant firm that, by the end of 2014, had garnered $2 billion in funding. The firm’s creator, Travis Kalanik, has been listed in numerous lists of the world’s wealthiest individuals for a number of years. The company generates roughly $20 million in sales per week. Although Uber despises conventional taxi services, they adore its patrons. Passengers may use the app to locate unbooked drivers themselves and pay for services online. The company’s talents extend beyond providing cab services. Uber intends to enter further areas, such as food delivery, courier shipping, postal services, etc., where careful logistics play a significant role.
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Airbnb
Even if you have no interest in business, you have undoubtedly heard of this endeavor. With the help of Airbnb, travelers can quickly and easily book accommodations directly from the owners without having to deal with other booking companies. The project received $500 million in finance in 2014, which led to an increase in its worth to $10 billion. Brian Chesky, Nathan Blecharzik, and Joe Gebbia, the company’s founders, were instant billionaires. In a co-consumption economy, Airbnb is regarded as the industry pioneer. In 190 different countries, the firm offers 1.5 million properties. Over 11 million individuals have utilized the company’s services during the course of its existence.
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Pure Storage
One of the key fields for the development of IT technology is the analysis and storage of data. Sophisticated initiatives are greatly desired in this field, and investors are not just interested in the well-known Dropbox. As a result, the price of the Pure Storage service, which caters to business clients, nearly quadrupled in 2014. John Hayes, John Colgrove, and Scott Dietzen created the business. Pure Storage produces up to 250 terabyte fixed flash drives. In actuality, it is a flash drive that contains software that may be used to connect to cloud storage and speed up virtual servers’ operations. The Wall Street Journal dubbed Pure Storage the “Innovation of the Year” in its publication.
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Canva
Canva is an application for visual design that was established in Perth, Australia, by Melanie Perkins, Cliff Obrecht, and Cameron Adams. This platform enables users to create banners for their websites, presentations, social media posts, papers, and other visual content online or via the Canva app. Additionally, Canva offers several free themes. Additionally, the app provides premium memberships with a variety of extra features and content, such as Canva Pro and Canva for Enterprise.
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SpaceX
SpaceX’s inclusion on the list of the best ten most valuable startup companies in the world comes as no surprise. Rocket engines and thrusters are produced by SpaceX, a private American aerospace manufacturer and provider of space transportation services. SpaceX has created a number of spacecraft and launchers. Elon Musk, who also operates Tesla and PayPal, started SpaceX on May 6, 2002. The company’s current headquarters are in Hawthorne, California, in the United States. Humans were sent into space for the first time by SpaceX. SpaceX’s primary goals are to colonize Mars and lower the cost of space travel.
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The Honest Company
Jessica Alba, a Hollywood actress, made the decision to establish her own business in 2011 to provide eco-friendly cosmetics and hygiene products for kids. Young mummies, who were the project’s intended audience, have grown to love it over the past four years. Jessica Alba is a key player in the marketing strategy since she represents the company, uses its products frequently, and always makes time to interact with customers. Over $120 million has been invested by The Honest Company. The firm is backed by the capital of Iconiq Capital, Lightspeed Venture Partners, and others and is also extremely highly valued in Silicon Valley.
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Revolut
Revolut is a financial technology firm with its main office in London, England, and it provides banking services. Revolut provides a wide range of services, including accounts with currency conversion, debit cards, digital cards, Apple Payments, interest-bearing “vaults,” free of commissions, stock trading, cryptocurrency, commodities, and more. Revolut, which was founded in 2015, has had phenomenal growth over the years and has extended to markets worldwide, including Japan. Revolut became the UK’s most valuable fintech, according to estimates in November 2020, with a valuation of $5.10 billion. The firm is currently valued at $33+ billion, overtaking Checkout.com to become Europe’s most valuable startup.
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Zenefits
The business is working on cutting-edge “cloud” software that is intended to manage a big crew. HR executives are able to maintain digital records of hiring, pay, insurance, etc., with the use of software from Zenefits. Additionally, the service offers access to this data from any location on the earth. Businessman Parker Conrad created Zenefits in 2013. The project went from being an obscure startup in just one year to a quickly expanding company with an estimated $650 million in revenue. Andreessen Horowitz and other well-known Silicon Valley venture capitalists are among the investors in the business. More than 2,000 business clients are currently using Zenefits.
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Databricks
Databricks is an enterprise software firm founded by Apache Spark that serves as a web-based platform for Spark, including automated cluster administration solutions and IPython-style notebooks. The firm has developed a number of open-source projects, most notably Delta Lake, MLflow, and Koalas, which largely include the fields of data engineering, data science, and machine learning.
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ThousandEyes
A cloud service called ThousandEyes is used to monitor and analyze enormous volumes of data. Well-known technology firms, including Evernote, Jive, and Zynga, began working with ThousandEyes after recognizing the project’s timeliness and the caliber of its service. ThousandEyes may be considered a true startup, in contrast to many of the established commercial enterprises on this list. This project has potential and is still developing. Ricardo Oliveira and Mohit Ice, two programmers from the University of California, established ThousandEyes. Four years into the project’s existence, in 2014, it started to develop rapidly. The price of ThousandEyes climbed four times when Sequoia Capital invested in the firm. The popularity and caliber of the service are demonstrated by the fact that professionals such as Twitter engineers utilize ThousandEyes to keep tabs on the health of their servers and cloud storage.
Conclusion
The world needs startups because they support its economy, foster employment opportunities, and promote innovation. They are in charge of providing innovative workplace ideas, approaches, and solutions to the market.
When you launch a startup, you’ll encounter an interesting work environment, bright minds who are still developing, flexible hours, a healthy work-life balance, and inspiration. You are accompanied by enthusiastic people who can help you develop a variety of talents and attributes, which may not be achievable in a corporate empire that has already achieved financial success.
