If you're looking for the next big thing in the tech industry, you'll want to keep an eye on these 20 promising Silicon Valley startups. From digital asset trading platforms to API protection solutions and e-grocery delivery services, these companies are making waves in their respective fields and are poised for success in 2023. FalconX is revolutionizing the way we trade digital assets with its fast, secure, and reliable platform, while Salt Security is using the power of big data and AI to protect APIs and prevent potential threats. Weee! is bringing the convenience of online grocery shopping to the Asian and Hispanic communities, and Dremio is transforming the way we access and analyze data with its easy and open data lakehouse. Other startups to watch include Tarana Wireless, a leader in wireless access solutions, and AppDirect, a cloud service commerce platform that connects businesses and developers. From identity and access security in the cloud to real-time reservoir simulation technology, these startups are pushing the boundaries of what's possible and are worth keeping an eye on in the coming year.

FalconX

The digital asset trading platform developed by FalconX is designed to provide clients with reliable execution through the use of data science. The platform utilizes blockchain technology and machine learning to offer access to cryptocurrency markets for trading, credit, and clearing. It is capable of executing mid-to-large size trades at prices that are smart routed across liquidity sources, enabling hedge funds, proprietary trading firms, and others to exchange and transfer currencies in a convenient and hassle-free manner. By eliminating slippage and hidden fees, the platform aims to make the process of exchanging and transferring currencies as smooth as possible.

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• Website: http://www.falconx.io/

• Location: 1850 Gateway Dr, 450, San Mateo, California 94404, US

• Year founded: 2018

• Funding: $477M

• Founders: Prabhakar Reddy

• Last Funding Type: Series D

• Number of employees: 280

Zūm

Zūm is a company that has reinvented student transportation by managing every vehicle, driver, passenger, parent, and ride on a single platform. The company is growing quickly and is looking for talented individuals who are motivated to fix the nation's largest mass transportation system and make a real difference for students, schools, drivers, parents, and caregivers. Zūm's platform is designed to improve the efficiency and safety of student transportation, making it easier for schools and parents to manage and track the movements of students. The company is committed to providing a reliable and convenient transportation service that helps students get to and from school safely and on time.

• Website: http://www.ridezum.com/

• Location: Silicon Valley, CA USA

• Year founded: 2019

• Funding: $208M

• Founders: Ritu Narayan

• Last Funding Type: Series D

• Number of employees: 142

Salt Security

Salt Security is a company that specializes in the protection of APIs, which form the core of modern applications. The company's API Protection Platform is a patented solution that combines the power of cloud-scale big data and machine learning/artificial intelligence to detect and prevent API attacks. Salt Security's platform delivers real-time analysis and continuous insights for API discovery, attack prevention, and shift-left practices, and it is seamlessly integrated within existing systems. The platform is designed to give customers immediate value and protection, allowing them to innovate with confidence and accelerate their digital transformation initiatives. Salt Security is committed to helping businesses protect their APIs and prevent potential threats, and its platform can be deployed in minutes.

• Website: https://salt.security/

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2016

• Funding: $271M

• Founders: Michael Nicosia

• Last Funding Type: Venture - Series Unknown

• Number of employees: 204

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Weee!

Weee! is an e-grocery delivery service that specializes in providing Asian and Hispanic grocery items to its customers. The company is the #1 e-grocer in its category and is committed to making it easy and convenient for customers to purchase the items they need. Weee! offers free delivery on orders over $35 and does not charge shopping fees or require a subscription, making it an affordable and convenient option for customers. The company's selection of products includes local and organic produce, as well as a wide range of authentic snacks from around the world. Weee! is focused on providing its customers with an enjoyable shopping experience and is committed to delivering essential grocery items right to their doors.

• Website: https://www.sayweee.com/en/onboarding

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2015

• Funding: $862.8M

• Founders: Larry Liu

• Last Funding Type: Series E

• Number of employees: 401

Dremio

With self-service analytics, data warehouse capabilities, and data lake flexibility across all of your data, Dremio is The Easy and Open Data Lakehouse. Dremio delivers mission-critical BI on the data lake for hundreds of enterprises, including three of the Fortune 5. Dremio is on a mission to redefine SQL for data lakes and meet customers where they are in their cloud journey as the company that founded Apache Arrow. Dremio was established in 2015 and has its main office in Santa Clara, California. Lightspeed Venture Partners, Redpoint, Norwest Venture Partners, Insight Partners, and Sapphire Ventures are a few of the financiers. On GitHub, LinkedIn, Twitter, and Facebook, you can follow Dremio.

• Website: https://www.dremio.com/

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2015

• Funding: $410M

• Founders: Jacques Nadeau

• Last Funding Type: Series E

• Number of employees: 456

Tarana Wireless, Inc.

Tarana Wireless is a provider of wireless broadband access platforms, offering a range of communication services to its customers. The company's services include small-cell backhaul, fiber extension, and fixed wireless or residential broadband access using non-line-of-sight wireless carriers. Tarana Wireless also offers construction-grade crews for installation and interfaces with network management system (NMS) systems, ensuring that clients can easily and affordably obtain a wireless broadband connection. The company is dedicated to providing its customers with reliable and cost-effective access to wireless communication services.

• Website: http://www.taranawireless.com/

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2009

• Funding: $376.1M

• Founders: Dale Branlund

• Last Funding Type: Venture - Series Unknown

• Number of employees: 300

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Cortex by Palo Alto Networks

Cortex by Palo Alto Networks is a comprehensive product suite for security operations that empowers enterprises with the best-in-class detection, investigation, automation, and response capabilities. It is designed to help organizations protect against cyber threats and ensure the security of their networks and systems. The suite provides a range of advanced security features and technologies to help detect and respond to potential threats in real-time, as well as automate certain security processes to improve efficiency and effectiveness. It is aimed at helping enterprises of all sizes improve their overall security posture and reduce the risk of cyber attacks.

• Website: https://www.paloaltonetworks.com/cortex

• Location: 3000 Tannery Way, Santa Clara, California 95054, US

• Year founded: 2005

• Funding: $65M

• Founders: Noah Rolff

• Last Funding Type: 

• Number of employees: 93

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SiFive

SiFive is a company that specializes in the design and development of RISC-V-based IP, or intellectual property. RISC-V is an open-source instruction set architecture (ISA) for computer processors that is designed to be scalable and customizable. SiFive creates the building blocks of RISC-V-based IP that are used to reimagine every computing platform. The company's focus on RISC-V technology allows it to offer innovative solutions for a wide range of applications, including embedded systems, data centers, and more. SiFive's products are designed to help customers accelerate their time-to-market and bring their ideas to life faster.

• Website: www.sifive.com

• Location: San Mateo, California, United States

• Year founded: 2015

• Funding: $365.5M

• Founders: Krste Asanovic

• Last Funding Type: Series F

• Number of employees: 545

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Epic for Kids

Epic is a digital reading platform for children that aims to foster curiosity and reading confidence in a fun and safe environment. The platform offers a collection of over 40,000 popular, high-quality books, audiobooks, and videos from more than 250 of the world's best publishers, including HarperCollins, Macmillan, Sesame Street, National Geographic Kids, and Smithsonian. Epic reaches more than 50 million children in homes and classrooms and is used by over 2 million teachers in the classroom. The platform is free for educators and is designed to be used by children of all ages. Epic was founded by Suren Markosian, the founder of several successful technology startups, and Kevin Donahue, a former executive at YouTube, Google, and Disney, with the support of top-tier investors and veterans of the children's publishing industry. It is part of the BYJU'S family of brands, which work together to promote a love of learning around the world. To learn more, visit getepic.com or follow Epic! on Facebook and Twitter.

• Website: www.getepic.com

• Location: Redwood City, California, United States

• Year founded: 2013

• Funding: $51.5M

• Founders: Kevin Donahue

• Last Funding Type: Series D

• Number of employees: 185

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Uniphore

Uniphore is a company that specializes in conversational automation. The company is a global leader in this field, helping organizations in a variety of industries, including customer service, sales, HR, and education, to automate their conversations. Conversations are a key aspect of modern business, and Uniphore's technology helps organizations to streamline and improve their communication processes, whether they are between humans, machines, or a combination of both. By using Uniphore's conversational automation solutions, businesses can improve efficiency, customer satisfaction, and productivity, while also reducing costs.

• Website: www.uniphore.com

• Location: Palo Alto, California, United States

• Year founded: 2008

• Funding: $620.9M

• Founders: Ravi Saraogi

• Last Funding Type: Series E

• Number of employees: 854

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Glean

Glean is a company that provides a search tool to help users find and discover the information they need within their organization. The tool searches across all of a company's apps to help users quickly locate the information they need, whether it is a specific document, email, or other type of content. Glean's search tool is designed to be intuitive and easy to use, helping users to quickly find the information they need without having to spend time searching through multiple different apps or locations. The tool is aimed at helping businesses to improve productivity and efficiency by making it easier for employees to access the information they need to do their jobs effectively.

• Website: www.glean.com

• Location: Palo Alto, California, United States

• Year founded: 2019

• Funding: $155M

• Founders: Arvind Jain

• Last Funding Type: Series C

• Number of employees: 147

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Dusty Robotics

Dusty Robotics is a company that specializes in the development of robot-powered tools for the modern construction workforce. The company's goal is to create innovative robotics technology that can help improve the efficiency and productivity of construction professionals. Dusty Robotics' robot-powered tools are designed to assist workers in various tasks, such as measurement, layout, and material handling, allowing them to work more efficiently and accurately. The company's products are aimed at helping the construction industry to adapt to new technologies and stay competitive in an increasingly digital world.

• Website: dustyrobotics.com

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2018

• Funding: $68.7M

• Founders: Tessa Lau

• Last Funding Type: Series B

• Number of employees: 60

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Noname Security

Noname Security is a company that specializes in API security. The company's approach to API security is comprehensive and proactive, covering the entire API security scope across three pillars: Posture Management, Runtime Security, and API Security Testing. Noname works with 20% of the Fortune 500 and is committed to helping businesses of all sizes secure their APIs and protect against potential threats. The company's products and services are designed to help businesses improve their API security posture and reduce the risk of cyber attacks.

• Website: nonamesecurity.com

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2020

• Funding: $220M

• Founders: Oz Golan

• Last Funding Type: Series C

• Number of employees: 317

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Imply

Imply is a company that is focused on helping developers become the new heroes of analytics. The company's unique database, built on Apache Druid, enables developers to create the next generation of analytics applications. Imply's mission is to provide developers with the tools they need to build powerful and innovative analytics solutions that can help businesses and organizations make better data-driven decisions. By using Imply's database and analytics platform, developers can create applications that can process and analyze large volumes of data in real-time, enabling them to gain insights and make informed decisions faster.

• Website: https://imply.io/

• Location: San Francisco Bay Area, West Coast, Western US

• Year founded: 2015

• Funding: $215.3M

• Founders: Fangjin Yang

• Last Funding Type: Series D

• Number of employees: 246

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Turntide Technologies

Turntide Technologies is a company that is dedicated to helping combat climate change through the development of innovative technologies that accelerate electrification and sustainable operations for energy-intensive industries. The company focuses on developing full-stack, integrated, open systems that support commercial and industrial electric vehicles, building operations, and agriculture to optimize the use of energy. Turntide Technologies' goal is to help the world use energy more efficiently and effectively, ensuring that every watt is worthwhile for humanity. The company's technologies are designed to help businesses and organizations reduce their carbon footprint and improve their sustainability efforts, while also improving efficiency and productivity.

• Website: https://turntide.com/

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2013

• Funding: $491.5M

• Founders: Mark Johnston

• Last Funding Type: Venture - Series Unknown

• Number of employees: 469

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Cloudinary

Cloudinary is a company that specializes in the delivery of visual experiences that inspire and connect. The company's mission is to empower businesses to unleash the full potential of their media, and it has more than 50 billion assets under management and serves over 7,500 customers worldwide. Cloudinary is the industry standard for developers, creators, and marketers looking to upload, store, transform, manage, and deliver images and videos online. Its platform is used by leading brands such as Atlassian, Bleacher Report, Grubhub, Hinge, NBC, Mediavine, Peloton, Petco, and Under Armour, who have seen significant business value from using Cloudinary, including faster time to market, higher user satisfaction, and increased engagement and conversions. For more information, visit www.cloudinary.com.

• Website: http://cloudinary.com/

• Location: San Francisco Bay Area, Silicon Valley, West Coast

• Year founded: 2012

• Funding: $100M

• Founders: Itai Lahan

• Last Funding Type: Series E

• Number of employees: 476

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Yugabyte

Yugabyte is a company that is the developer of the open-source YugabyteDB, a high-performance distributed SQL database for cloud-native applications. The database is built using a unique combination of high-performance document store, auto-sharding, per-shard distributed consensus replication, and multi-shard ACID transactions, which are inspired by Google Spanner. This enables YugabyteDB to serve both scale-out RDBMS and internet-scale OLTP workloads with low query latency, extreme resilience against failures, and global data distribution. As a cloud-native database, YugabyteDB can be easily deployed across public and private clouds as well as in Kubernetes environments.

• Website: http://www.yugabyte.com/

• Location: Silicon Valley, CA USA

• Year founded: 2016

• Funding: $291M

• Founders: Kannan Muthukkaruppan

• Last Funding Type: Series C

• Number of employees: 383

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Brightline

Brightline is a mental health benefit that provides families nationwide with virtual therapy, psychiatry, and coaching for children and teenagers. The company's goal is to help families address behavioral and mental health challenges, such as anxiety, sleep troubles, ADHD, depression, or body image, by providing access to personalized, evidence-based care from specialized experts. Brightline is built specifically for families and offers fast access to support, as well as a one-stop digital platform for booking appointments, tracking progress, and more. The company aims to be a trusted partner in parenting by providing families with the resources and support they need to help their children and teenagers achieve optimal mental health.

• Website: http://www.hellobrightline.com/

• Location: Silicon Valley, CA USA

• Year founded: 2019

• Funding: $50M

• Founders: Naomi Allen 

• Last Funding Type: Series C

• Number of employees: 299

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CyCognito

CyCognito is a company that provides a solution for taking full control over an organization's attack surface by uncovering and eliminating critical security risks. The company's botnet and discovery engine use graph data modeling to map and classify the assets across an organization's attack surface, allowing the organization to see exactly what attackers see. CyCognito's solution is designed to help businesses identify and address potential security risks that they may not have been aware of, enabling them to protect their assets and improve their overall security posture.

• Website: https://www.cycognito.com/demo

• Location: Silicon Valley, CA USA

• Year founded: 2017

• Funding: $100M

• Founders: Rob Gurzeev

• Last Funding Type:  Series C

• Number of employees: 191

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BigPanda

BigPanda is a company that provides an event correlation and automation platform built for domain-agnostic AIOps. The company's platform transforms how IT teams prevent outages and resolve incidents by turning data into insights and action. Without BigPanda, IT ops and DevOps teams often struggle with manual and reactive incident response capabilities that are ill-suited for the scale, complexity, and velocity of modern IT environments. This can lead to outages, unhappy customers, growing IT headcount, and an inability to focus on innovation. BigPanda's platform is designed to help IT teams effectively manage and resolve incidents, improving the reliability and performance of their systems and helping them to better serve their customers.

• Website: http://bigpanda.io/

• Location: Silicon Valley, CA USA

• Year founded: 2012

• Funding: $317M

• Founders: Assaf Resnick

• Last Funding Type: Series E

• Number of employees: 360

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In conclusion, these 20 promising Silicon Valley startups are making a name for themselves in their respective fields and are worth keeping an eye on in 2023. From digital asset trading platforms to API protection solutions and e-grocery delivery services, these companies are poised for success and are leading the way in innovation. Whether you're a business owner looking for the latest in cloud services or an individual seeking convenient and affordable online grocery options, these startups have something to offer. With a range of financing and support from leading investors, these companies are well-positioned for continued growth and success in the coming year.

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