Five Hot Atlanta Startups
Silicon Valley has long been hailed as the country’s largest and hottest startup hub, but other cities are quietly emerging as powerful regional centers of innovation and entrepreneurship. From Los Angeles’ Silicon Beach to Colorado’s Silicon Slope, up-and-coming tech hubs are challenging the notion that one has to get to Silicon Valley to make it big. Today, Newscenter.io will dive into an even more under-the-radar startup hub: Atlanta, GA, where CNN, Chick-fil-A, and a growing roster of innovative startups call home.
Kabbage, which was founded in 2009, has pioneered a financial services data and technology platform that provides automated funding to small businesses in minutes. Kabbage processes data generated through ordinary business activity, such as accounting data, online sales, shipping and dozens of other sources, to understand performance and deliver fast, flexible funding in real time. Kabbage has raised nearly $500 million in funding, with a whopping $250 million Series F that closed just a few days ago. According to the company, Kabbage has provided in excess of $3 billion in loans to more than 100,000 small businesses across all 50 U.S. states.
Sharecare, a digital health company founded in 2010, helps people manage their health on a single, central platform. The Sharecare platform allows each user to build a comprehensive and personalized health profile and dynamically connect to the programs and health professionals they need to live healthy, happy and productive lives. The company has raised $300 million in funding from investors, including Wells Fargo Capital Finance, Wellington Management and Heritage Group. The Technology Association of Georgia (TAG), Georgia’s leading association dedicated to the promotion and economic advancement of Georgia’s technology industry, named Sharecare as one of its Top 10 Innovative Technology Companies in March, 2017.
Founded in 2008, Cardlytics uses purchase-based intelligence to make marketing more relevant and measurable to users. The company partners with more than 1,500 financial institutions, including Bank of America and PNC, to run banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, Cardlytics uses the data insights to help marketers identify, reach, and influence likely buyers at scale, as well as to measure the true impact of marketing campaigns. The company has raised more than $200 million in funding from investors such as Discovery Capital, Groupe Aeroplan, and Kinetic Ventures.
Ionic Security (formerly Social Fortress) enables the use of cloud services by protecting sensitive data anywhere it travels and wherever it resides, whether on corporate networks, in the cloud or on mobile devices. The first unified data security platform of its kind, Ionic Security aims to provide a comprehensive approach to securing data in today’s borderless enterprise by providing access control, intellectual property monitoring, data encryption and policy management, without proxies, gateways or changes in user behavior. The company, which was founded in 2011, has raised more than $122 million in funding from such renowned investors as Kleiner Perkins Caufield & Byers, Google Ventures, TechOperators, and ff VC.
PrimeRevenue has become an acknowledged leader and innovative award-winning provider in multibank supply chain finance. According to the company, more than 13,000 customers around the world use PrimeRevenue to optimize their financial supply chain. Customers use the company’s trading platform, OpenSCi, to help manage their most valuable asset: their cash flow. The PrimeRevenue OpenSCi supplier finance platform operates in the cloud, providing a single point of access for businesses to increase payment terms to their suppliers while reducing collection time from their customers. PrimeRevenue has raised more than $115 million in funding from Battery Ventures, Brown Brothers Harriman, and RRE Ventures.