10 Recently Funded Tech Startups to Watch in 2023
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[Ed. note: Corrected 1/13/23 to MeetKai section from "Total Funding To Date: Over $500M" to "Total Funding To Date: Over $20M"]
The macroeconomic environment in 2023 is set to be marked by recession, inflation and rising interest rates, which will affect the world of startups and venture capital investments, as well as all other sectors . Venture capitalist Bill Gurley spoke in 2022 about the need for startups to be realistic about the current economic environment.
“While many venture capital firms have a lot of money to invest, deal-making has slowed significantly this year [2022],” Gurley told McKinsey. "Average valuations of some fundraisings have fallen as investors adjust to an economic downturn and watch with caution."
A good time for startups?That doesn't mean that the most innovative new companies won't be very successful if they offer products and services for which demand is growing, despite looming economic challenges.
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Learn about the essential role of AI and ML in cybersecurity and industry-specific case studies. Watch the on-demand sessions today.
look here"Now may be the perfect time to launch a startup," Burley noted, adding that "being realistic doesn't necessarily mean being pessimistic."
Internet platforms that completely or partially disintermediate brokers or agencies in various industries are a promising trend. By giving more control over transactions or operations to individuals and small businesses, some particularly dynamic startups are successfully disrupting marketing, real estate, and other verticals.
One of the main themes of some of the most promising recent startups is the "democratization" of access to powerful data analytics tools for retail investors – tools that were previously the preserve of funds elite speculators and other big Wall Street companies. The so-called "alternative data" market is beginning to level the playing field in this area, as well as enabling new sources of credit for unbanked and underbanked people around the world.
The world of fintech continues to deliver disruptive new business models that innovate capital markets and make certain asset classes accessible to a wider range of investors. This is particularly the case in the insurance and reinsurance markets, once the preserve of large corporations like Lloyds, Swiss Re and Berkshire Hathaway.
Data management continues to be a dominant driver of market growth. The demand for greater data storage and retrieval capacities, fueled by the increasingly massive amounts of data needed to power new machine learning (ML) and other AI technologies, underpins many of the most disruptive new services coming online. Some of the fastest growing startups are delivering game-changing technologies, especially in the area of all-USB drive data storage systems.
Finally, the emerging metaverse is gaining momentum as the next leap forward for the internet. Virtual...
Check out all the Smart Security Summit on-demand sessions here.
[Ed. note: Corrected 1/13/23 to MeetKai section from "Total Funding To Date: Over $500M" to "Total Funding To Date: Over $20M"]
The macroeconomic environment in 2023 is set to be marked by recession, inflation and rising interest rates, which will affect the world of startups and venture capital investments, as well as all other sectors . Venture capitalist Bill Gurley spoke in 2022 about the need for startups to be realistic about the current economic environment.
“While many venture capital firms have a lot of money to invest, deal-making has slowed significantly this year [2022],” Gurley told McKinsey. "Average valuations of some fundraisings have fallen as investors adjust to an economic downturn and watch with caution."
A good time for startups?That doesn't mean that the most innovative new companies won't be very successful if they offer products and services for which demand is growing, despite looming economic challenges.
EventOn-Demand Smart Security Summit
Learn about the essential role of AI and ML in cybersecurity and industry-specific case studies. Watch the on-demand sessions today.
look here"Now may be the perfect time to launch a startup," Burley noted, adding that "being realistic doesn't necessarily mean being pessimistic."
Internet platforms that completely or partially disintermediate brokers or agencies in various industries are a promising trend. By giving more control over transactions or operations to individuals and small businesses, some particularly dynamic startups are successfully disrupting marketing, real estate, and other verticals.
One of the main themes of some of the most promising recent startups is the "democratization" of access to powerful data analytics tools for retail investors – tools that were previously the preserve of funds elite speculators and other big Wall Street companies. The so-called "alternative data" market is beginning to level the playing field in this area, as well as enabling new sources of credit for unbanked and underbanked people around the world.
The world of fintech continues to deliver disruptive new business models that innovate capital markets and make certain asset classes accessible to a wider range of investors. This is particularly the case in the insurance and reinsurance markets, once the preserve of large corporations like Lloyds, Swiss Re and Berkshire Hathaway.
Data management continues to be a dominant driver of market growth. The demand for greater data storage and retrieval capacities, fueled by the increasingly massive amounts of data needed to power new machine learning (ML) and other AI technologies, underpins many of the most disruptive new services coming online. Some of the fastest growing startups are delivering game-changing technologies, especially in the area of all-USB drive data storage systems.
Finally, the emerging metaverse is gaining momentum as the next leap forward for the internet. Virtual...
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