The Software Report is pleased to announce The Top 50 Software Companies of 2025. Vercel’s rapid ascent in building the SDK for AI set the pace. It recently closed on a $300 million Series F round at a $9.3 billion valuation, further fueling adoption of its AI Cloud and v0 developer assistant, now used by more than 3.5 million users worldwide. Finastra made major strides as well, divesting its Treasury and Capital Markets division to Apax Partners to double down on digital payments innovation for more than 8,000 institutions globally.
Product launches, funding milestones, and major acquisitions also defined the year across the industry. SingleStore introduced in-database AI and ML functions and completed its growth buyout led by Vector Capital, with existing long-term shareholders including Google Ventures, Dell Technologies Capital, and IBM remaining as investors in the company. Meanwhile, CentralReach was acquired by Roper Technologies in a $1.65 billion transaction, advancing its mission to bring measurable outcomes to care delivery.
The achievements highlighted here represent only a fraction of the progress seen across this year’s awardees. From foundational infrastructure to AI automation, this year’s honorees exemplify the depth and range of innovation shaping global software in 2025. Please join us in recognizing The Top 50 Software Companies of 2025.
1. Starburst
Founded by the original creators of Trino (formerly PrestoSQL), Starburst helps enterprises analyze data across diverse systems without costly data movement. The Boston-based company offers an open, hybrid data lakehouse platform that supports analytics and AI at scale. Co-Founder and CEO Justin Borgman leads the company, which has raised over $414 million, including a $250 million Series D and a 2025 strategic investment from Citi.
Fiscal 2025 was Starburst’s strongest year yet, with 20% growth in net new customers, a 76% jump in Starburst Galaxy adoption, and the signing of its largest-ever contract—a multi-year, eight-figure agreement with a global financial institution. Its technology now powers analytics for 10 of the top 15 global banks, including HSBC, where it supports a virtual data lake for AI-driven insights.
The company also partnered with Dell Technologies to embed its query engine into Dell’s Data Lakehouse product, part of Dell’s AI Factory GTM initiative. That collaboration strengthens Starburst’s position in enabling retrieval-augmented generation and other AI workflows that depend on governed, real-time access to data.
2. CData Software
CData Software, based in Chapel Hill, North Carolina, develops tools that simplify how organizations connect, integrate, and automate data across disparate applications. Its products are used by over 10,000 businesses, including Intel, Bayer, and FedEx.
Under CEO and Co-Founder Amit Sharma, CData has pursued steady, profitable growth since its founding. In June 2024, it raised $350 million from Warburg Pincus, Accel, and Updata Partners, funding that supported international expansion and the acquisition of Data Virtuality. CData’s work continues to focus on reliable, governed data access for enterprises adopting AI-driven systems.
In September, CData Software introduced Connect AI, a managed Model Context Protocol (MCP) platform that allows AI assistants to securely access live enterprise data from more than 300 systems. The launch extended CData’s established integration technology, already embedded by partners like Palantir, SAP, and Google Cloud, into the AI ecosystem.
3. Finastra (Tie)
Finastra’s software powers payments, lending, and treasury operations for more than 8,000 institutions in over 130 countries, including 45 of the world’s top 50 banks. Headquartered in Lake Mary, Florida, the company combines decades of financial expertise with a focus on cloud, APIs, and open banking. Its platform helps institutions process over $7 trillion in transactions daily and close a loan package roughly every two seconds.
Over the past year, Finastra has reshaped its portfolio to focus squarely on banking and payments technology. It agreed in May to sell its Treasury and Capital Markets division to funds advised by Apax Partners, while doubling down on digital payments. Around the same time, it launched a modern ACH module within its Global PAYplus platform, a microservices-based system built on Kafka that lets U.S. banks handle ACH, wires, and real-time payments from a single hub. CEO Chris Walters oversees this transformation, backed by Vista Equity Partners, which supported Finastra’s $5.3 billion private debt financing in 2023.
3. IFS (Tie)
IFS is a global provider of Industrial AI software used by organizations that manufacture goods, manage complex assets, and run large-scale service operations. Its IFS Cloud platform brings together ERP, EAM, FSM, SCM, and ITSM capabilities in a composable architecture, embedding AI, machine learning, and real-time analytics directly into operational workflows. With more than 7,000 employees across 80 countries, IFS supports industrial businesses as they modernize processes, strengthen productivity, and improve asset performance.
In 2025, the company advanced its position in Industrial AI through major product and strategic moves, including the release of IFS Cloud 25R2, which introduced agentic Digital Workers capable of executing governed, end-to-end tasks across enterprise systems. IFS also acquired TheLoops to expand autonomous AI capabilities and launched Nexus Black, an innovation accelerator focused on scalable, secure AI solutions for industrial environments. Strong commercial momentum accompanied these developments, with double-digit recurring and cloud revenue growth and continued adoption from global manufacturers, energy providers, airlines, and field-service operations.
4. EquipmentShare
EquipmentShare is a construction technology company that combines smart jobsite systems with equipment rental, retail, and service offerings to address inefficiencies across the construction industry. Its proprietary T3™ platform connects machines, people, and materials in real time, helping contractors increase visibility, reduce downtime, and improve productivity.
Founded in 2015 by brothers Jabbok and Willy Schlacks and headquartered in Columbia, Missouri, the company has grown to 340+ locations across 45 states with more than 7,000 employees. A core pillar of its growth strategy is the OWN Program, a capital-light model that sells fleet assets to investors who lease them back under EquipmentShare management. As of March 2025, the program represented $3.6 billion in fleet value—over half of assets under management.
With $3.9 billion in trailing twelve-month revenue, EquipmentShare ranks among the largest equipment rental providers in the U.S. Its focus remains on building connected, data-driven construction operations that prioritize efficiency, sustainability, and scale.
5. Aurigo Software
Aurigo Software, founded in 2003 and headquartered in Austin, Texas, develops cloud-based software for capital program and construction management. The company’s Masterworks Cloud platform supports more than 300 public and private owners across North America, managing over $450 billion in active projects.
In 2025, Aurigo launched two AI products that extended its planning suite. Aurigo Lumina uses generative AI to interpret and analyze large infrastructure datasets, while Aurigo Primus applies predictive analytics and scenario modeling for private facility owners in healthcare, manufacturing, and data centers. Together, they expand how capital owners evaluate investments and plan long-term assets.
Founder and CEO Balaji Sreenivasan has guided the company’s evolution from a project management provider into a full-lifecycle planning platform. Aurigo’s focus remains on improving the accuracy, transparency, and efficiency of capital decision-making.
6. Actian
Actian, part of HCLSoftware, develops enterprise data management and intelligence technology used by more than 20,000 organizations and 42 million users in 50+ countries. From its base in Round Rock, Texas, the company provides infrastructure that helps enterprises govern and prepare data for AI applications.
In October 2025, Actian released its Model Context Protocol (MCP) Server, an addition to the Actian Data Intelligence Platform. The MCP Server connects AI assistants such as ChatGPT and Claude to governed, high-quality data through a knowledge-graph catalog, making it easier to find related information and understand how data fits together.
CEO Marc Potter, who took the helm in 2023, has overseen the company’s expansion in data governance and AI enablement, including the acquisition of Zeenea in September 2024 and the relaunch of its unified data platform.
7. Phenom
Phenom provides advanced AI and AI agents for the human resources sector. The Philadelphia-based company powers the Intelligent Talent Experience platform, which helps enterprises hire faster, develop talent more effectively, and retain employees longer. By connecting candidates, employees, recruiters, and managers in a single ecosystem, Phenom aims to turn HR data into meaningful, real-time insights that build stronger, more agile workforces.
Led by Co-Founder and CEO Mahe Bayireddi, Phenom now supports thousands of organizations worldwide and operates across the U.S., India, Israel, the Netherlands, Germany, and the UK. Backed by B Capital Group, Dragoneer Investment Group, OMERS Growth Equity, and GoldenArc Capital, the company has raised more than $100 million in Series D funding to accelerate its mission.
In March 2025, Phenom unveiled its biggest innovations yet, X+ Ontologies and X+ Agent Studio, a new generation of agentic AI systems designed to model role-specific skills and automate the full talent lifecycle, from sourcing and onboarding to learning and retention.
8. Stellar Cyber
Stellar Cyber delivers an open security operations platform that unifies detection, investigation, and response across the full attack surface. Based in San Jose, California, the company serves more than 14,000 customers in over 50 countries, including one-third of the world’s top 250 MSSPs (Managed Security Service Providers). Stellar Cyber helps mid-sized enterprises and MSSPs run high-performing security operations centers (SOCs) with fewer tools and greater efficiency.
In July 2025, the company rolled out built-in Identity Threat Detection and Response, integrating identity protection directly into its unified SecOps console to address the rise in credential-based attacks. Powered by its patented Multi-Layer AI™ engine, Stellar Cyber’s platform speeds up threat detection, improves response times, and reduces operational complexity.
Founded by cybersecurity veterans Changming Liu and Aimei Wei, the company has raised over $100 million from investors including Highland Capital Partners, Northern Light Venture Capital, and Samsung Next. Under CEO Changming Liu, a former Aerohive Networks co-founder and Juniper distinguished engineer, Stellar Cyber continues to push toward its vision of a human-augmented, autonomous SOC.
9. Phreesia
Phreesia is a healthcare automation company that streamlines the patient experience, from check-in and scheduling to payments and clinical support, helping reduce administrative work for healthcare providers. Today, Phreesia supports over 170 million patient visits each year, partnering with top health systems, insurers, and life sciences organizations across the U.S.
In 2025, the company took two major steps forward in its mission to improve patient access and affordability. In September, Phreesia launched VoiceAI, an AI-powered platform that handles patient calls, shortens hold times, and connects seamlessly with provider workflows. That same month, it announced plans to acquire AccessOne for $160 million, an expansion aimed at offering patients more flexible and transparent ways to manage healthcare payments.
Since co-founding Phreesia in 2005, CEO Chaim Indig has led the company from a small startup to a publicly traded leader on the NYSE, following its $140.6 million IPO in 2019. For the quarter ending July 31, 2025, Phreesia reported $117 million in revenue, marking a 15% year-over-year increase.
10. Foundation Software
Founded in 1985, Foundation Software began as a construction accounting provider and has since evolved into a comprehensive suite of management and financial tools for contractors. Headquartered in Strongsville, Ohio, the company now supports more than 43,000 construction professionals through its FOUNDATION platform, available both on-premise and via SaaS.
Under CEO Michael Ode, the firm has expanded its tools for payroll, project management, safety tracking, HR, and estimating into an integrated ecosystem for contractors. Its approach emphasizes centralized financial and operational control across all project stages.
In June, Foundation acquired Vendrix, adding expense management and AP automation to its portfolio and furthering its mission to give construction firms a unified system for financial oversight—from cost estimation to final billing.
11. CentralReach
CentralReach is a leading software and services platform for autism and intellectual/developmental disability (IDD) care, empowering over 200,000 professionals to deliver tech-enabled care across home, school, and workplace settings. Built around an AI-powered EMR and workflow suite for ABA and multidisciplinary services, its Care360 strategy brings together outcomes measurement, real-time video-based supervision, and predictive analytics to give providers and payors clearer visibility into clinical progress and quality of care.
CentralReach agreed to be acquired by Roper Technologies in March of this year for approximately $1.65 billion. The deal is expected to add about $175 million in revenue and $75 million in EBITDA for the year ending June 30, 2026. Later in the year, CentralReach also acquired SpectrumAi and AI.Measures, integrating video capture, clinician decision support, and severity-adjusted assessments to help shift the industry toward outcomes-based care alongside traditional fee-for-service models.
CEO Chris Sullens oversees the company’s efforts to support people with autism and related IDDs, as well as the professionals who work with them, in developing skills for greater independence. Drawing on his background in software and business growth, Sullens focuses on expanding CentralReach’s tools to improve the quality and effectiveness of care.
12. Prezent
Founded in 2021 and headquartered in Los Altos, California, Prezent is an AI-powered enterprise communication platform that helps organizations create and deliver business presentations at scale. Its platform combines generative AI with structured communication frameworks to help teams produce professional, brand-aligned presentations faster and more consistently. With Prezent, users can cut presentation creation time by up to 70% and reduce agency costs by as much as 60%.
Led by Founder and CEO Rajat Mishra, Prezent works with nearly 150 Fortune 2000 companies, particularly across biopharma and technology. At the heart of the platform is ASTRID, a multi-disciplinary AI communication assistant that adapts to each organization’s branding, tone, and industry language.
In March 2025, Prezent raised new funding from True Global Ventures, Manulife Ventures, and Alumni Ventures to support expansion into financial services, manufacturing, and new markets across Europe and Asia.
13. LinkSquares
LinkSquares, based in Boston, helps in-house legal teams move faster, work smarter, and manage risk with its AI-powered contract lifecycle management and legal operations platform. The company serves more than 1,000 organizations—including DraftKings, Wayfair, ProPharma, TIME, and the Boston Celtics—and is recognized as one of the fastest-growing names in legal tech.
LinkSquares introduced the Risk Scoring Agent in May, a new AI capability that automatically analyzes contracts for risk using customizable profiles and real-time assessments. It gives legal and business teams instant visibility into exposure so they can make faster, more informed decisions while strengthening compliance and governance across complex portfolios.
Founded in 2015 by CEO and Co-Founder Chris Combs, LinkSquares has raised funding from G2 Ventures, Sorenson Capital, and Jump Capital to fuel continued innovation in predictive and generative AI. A serial entrepreneur and active angel investor, Combs has led the company from a startup idea to an enterprise leader helping modern legal teams deliver business impact.
14. Vercel
Vercel provides cloud infrastructure and developer tools that help teams build and scale high-performance web applications. Its open-source framework, Next.js, powers fast, AI-enabled digital experiences used by enterprises across industries. Founded in 2015 by CEO Guillermo Rauch, the company has become a central player in web performance and AI infrastructure, serving customers such as OpenAI, PayPal, Walmart, and Nike.
In September 2025, Vercel raised $300 million in a Series F co-led by Accel and GIC at a $9.3 billion valuation, with participation from BlackRock, Khosla Ventures, and others. Annual recurring revenue surpassed $200 million, doubling in 15 months as adoption of its AI Cloud and v0 developer assistant exceeded 3.5 million users.
15. Palmetto
Palmetto delivers software, financing, and services that help homeowners adopt clean energy solutions, including solar, storage, HVAC, and EV charging. Its Clean Energy Platform and LightReach plans aim to make decentralized energy adoption affordable and flexible.
Founded in 2010, Palmetto operates remotely with offices in Charlotte and Charleston, South Carolina. Chairman and CEO Chris Kemper, whose background spans policy and finance, leads the company’s mission to make consumer-driven clean energy accessible nationwide.
Palmetto completed two securitizations in 2025 totaling $716 million and secured $1.2 billion in financing commitments from major institutions. The company reports about 300 new installations daily across 30 states, exceeding 1 TWh of clean power generated and 740,000 tons of carbon avoided.
16. Govini
Govini builds software that injects speed and data intelligence into the U.S. defense acquisition process. Its Ark platform integrates commercial and government data to help agencies plan, procure, and sustain complex programs, from logistics to modernization.
Serving every branch of the U.S. military and major national security agencies, Govini has become a core analytics and AI partner across defense operations. CEO Tara Murphy Dougherty, a former Palantir executive and senior defense official, has guided the company’s expansion and growing strategic importance.
Govini surpassed $100 million in annual recurring revenue in 2025 and secured $150 million from Bain Capital to grow its engineering team and product suite. Recent engagements include a five-year U.S. Army Command and Control initiative and a $919 million supply-chain modernization contract.
17. Vantaca
Vantaca develops AI-powered software that automates workflows for community association management, covering finance, communications, budgeting, and resident services. Its HOAi platform reduces administrative work, allowing management companies to focus on service quality and growth.
At the helm is CEO Ben Currin, a former U.S. Navy submarine officer and nuclear engineer, who has championed measurable efficiency gains—over one million automated tasks and an estimated 100,000 hours saved for customers. Founded in 2015 and headquartered in Wilmington, North Carolina, Vantaca now supports more than 500 management firms representing six million U.S. households.
In October of this year, Vantaca received a $300 million minority investment from Cove Hill Partners at a $1.25 billion valuation, joining existing investor JMI Equity. The raise followed 95% annual revenue growth and will fund expansion of its connected ecosystem linking management companies, vendors, and residents.
18. Axelera AI
Axelera AI is a semiconductor company that builds AI inference solutions combining digital in-memory computing with a RISC-V dataflow architecture. Its technology delivers high performance, low latency, and strong energy efficiency across industries such as industrial automation, healthcare, retail, security, and public safety.
In September, Axelera released the Metis® M.2 Max, a compact accelerator that brings PCIe-class performance to an M.2 form factor. It doubles processing speed for large language and vision models while adding enterprise-grade security features such as secure boot with a provisioned Root of Trust, a major milestone in scaling low-power AI inference at the edge.
Founded in 2021 and headquartered in Eindhoven, the Netherlands, Axelera AI is led by CEO and Co-Founder Fabrizio Del Maffeo, formerly of Bitfury and ASUS Group. It has grown to more than 180 employees across 18 countries, with R&D centers in Belgium, Switzerland, Italy, and the UK. Axelera has raised about $120 million from investors including the European Innovation Council Fund, Samsung Catalyst Fund, and Innovation Industries.
19. ProcessMaker
ProcessMaker is an AI-driven business process automation (BPA) company that helps enterprises streamline workflows, make smarter decisions, and scale operations more efficiently. Founded in 2000 and based in Durham, North Carolina, the company serves thousands of organizations around the world, from banks and universities to manufacturers, with additional offices in Bolivia, Colombia, the UK, and France.
ProcessMaker rolled out a major platform upgrade this spring, introducing new tools that let organizations orchestrate AI agents directly within workflows and use enterprise-specific data via RAG Collections.
ProcessMaker’s most recent funding round came in 2021, led by Aldrich Capital Partners, to accelerate product development and global expansion. Founder and CEO Brian Reale, a Fulbright Scholar and Duke University graduate, has led the company since day one. Before launching ProcessMaker, he founded and sold the telecom provider Unete Telecomunicaciones.
20. Snowplow
Founded in 2012 by Alex Dean and Yali Sassoon, Snowplow is a global leader in AI-ready customer data infrastructure. The company helps digital-first organizations, like Strava, HelloFresh, Auto Trader, Burberry, and DPG Media, create high-quality behavioral data pipelines that fuel smarter analytics and more personalized experiences. Today, Snowplow powers data collection across two million websites and apps, processing over one trillion events every month.
In May, the company introduced Snowplow Signals, a real-time customer intelligence system that unifies in-session and historical data to drive AI copilots, personalization engines, and adaptive interfaces. Built on Snowplow’s event-level foundation, Signals delivers rich, trustworthy data that helps organizations build more responsive digital experiences.
Under CEO and Co-Founder Alex Dean, a University of Cambridge graduate and former Deloitte technologist, Snowplow has grown from an open-source analytics project into a core enterprise platform for AI data operations. The company has raised over $55 million, including a $40 million Series B led by NEA.
21. impact.com
Operating in more than 20 countries, impact.com provides a partnership management platform used by over 5,000 global brands, among them Shopify, Uber, and L’Oréal. The company’s technology helps organizations manage relationships with affiliates, creators, and publishers as an alternative to traditional advertising channels.
In the second quarter of 2025, impact.com added 900 new clients, expanded into Spain, and appointed new regional leadership in Europe. Platform enhancements improved workflow automation and security for its Performance, Creator, and Advocate products.
Founded in New York, impact.com raised $150 million in 2021 at a $1.5 billion valuation, led by Qatar Investment Authority and Providence Public. David A. Yovanno, CEO since 2017, has overseen the company’s expansion as consumer marketing shifts toward community-driven influence.
22. Pondurance
Pondurance is a cybersecurity company providing risk-based Managed Detection and Response (MDR) services that combine AI analytics with the expertise of human threat hunters and incident responders. Designed for midmarket organizations that handle sensitive or regulated data, Pondurance delivers 24/7 monitoring, rapid threat response, and proactive risk reduction through its U.S.-based Security Operations Center.
CEO Doug Howard, a 30-year cybersecurity veteran and former RSA Global Services executive, leads Pondurance’s mission to make advanced MDR accessible to all. With backing from Newlight Partners, the company continues to scale its AI-enhanced capabilities while keeping human expertise at its core, ensuring organizations of all sizes can detect, respond to, and contain threats before they escalate.
In March, Pondurance launched Platform 2.0, a major cloud-native SaaS release that brings threat detection, vulnerability management, managed SIEM, and automated remediation together in one unified interface. The platform integrates with leading EDR providers like CrowdStrike, SentinelOne, and Microsoft, along with hundreds of network, cloud, and identity data sources.
23. Tamr
Born out of MIT’s Computer Science and Artificial Intelligence Laboratory in 2013, Tamr specializes in AI-powered Master Data Management to help large organizations connect, clean, and unify their data so it becomes a true business asset. Its unique “human-in-the-loop” approach combines machine learning with expert input to deliver accurate, real-time master data that powers analytics, operations, and better customer experiences across industries like finance, manufacturing, healthcare, and technology.
Led by CEO Anthony Deighton, formerly of Celonis and Qlik, Tamr saw major growth in fiscal year 2025, reporting a 65% increase in annual recurring revenue and a 50% jump in its customer base compared to the previous year. The company also rolled out several key innovations, including AI-Powered Search, Tamr RealTime, and the Virtual Chief Data Officer to give teams instant access to enterprise data and insights.
24. Kentik
Kentik provides network intelligence software that gives infrastructure teams real-time visibility into how data flows across modern networks. Its platform unifies telemetry from cloud, devices, flow, and synthetic monitoring to diagnose issues, optimize performance, and strengthen security.
Started by network engineers, the company supports customers including Akamai, Booking.com, Dropbox, Zoom, Google, and Moderna. Its analytics engine powers performance and resilience across data centers, clouds, and the global internet.
In June 2025, Kentik introduced Cause Analysis, an AI-powered feature that explains network slowdowns or outages in plain language, helping teams resolve incidents without deep technical expertise. Co-Founder and CEO Avi Freedman, a veteran of Akamai and AboveNet, has overseen more than $100 million in funding to simplify network operations and make critical context accessible to every engineer.
25. SingleStore
SingleStore delivers a real-time database platform for the AI era, combining transactional and analytical processing in a unified distributed SQL engine. Its core product, SingleStoreDB, enables organizations to ingest, analyze, and act on data instantly—powering applications that rely on high-speed, low-latency insights.
Formerly known as MemSQL, the company serves more than 300 enterprises across 50+ countries and 40 industries, including NVIDIA, Goldman Sachs, Adobe, Samsung, and Dell. Under CEO Raj Verma, SingleStore reported over $120 million in annual recurring revenue and continued expanding globally.
In 2025, SingleStore introduced major upgrades, adding AI and ML functions in SQL, Zero Copy Attach for rapid experimentation, and Aura Analyst, a conversational analytics assistant. A growth buyout led by Vector Capital, joined by Dell Technologies Capital, Google Ventures, IBM, and REV Venture Partners, further positioned the company for long-term innovation.
26. Decerto
Decerto is a trusted technology partner to Europe’s top insurers, delivering configurable software platforms that power more than 80% of Poland’s life insurance market. Its solutions span sales, customer service, and product management—helping insurers move faster, cut costs, and modernize outdated systems. With nearly 20 years of experience and over 200 successful implementations, Decerto serves clients like Warta, Generali, PZU, and Allianz.
CEO Piotr Biedacha, a software engineer by training, has led the company since 2007 after earlier roles at Javart and Reebok. In July 2025, Decerto strengthened its European footprint through a partnership with InterRisk TU SA Vienna Insurance Group to launch IRON, a new digital sales platform built on its proprietary Higson engine. The platform enables no-code product configuration, real-time premium calculations, and a user-first interface designed to boost agent productivity and improve customer experiences.
27. BriteCore
BriteCore designs cloud-native core insurance software for property and casualty carriers and managing general agents (MGAs). Its platform supports more than 100 insurers across North America, managing policy, billing, and claims workflows in one integrated system.
Founded in 2009, BriteCore has received growth funding from Warburg Pincus, Radian Capital, and WCF Mutual Insurance Company to advance its cloud infrastructure for mid-sized insurers. CEO Ray Villeneuve leads its continued development of cloud infrastructure for mid-sized insurers.
In September 2025, the company rolled out updates focused on automation and cost efficiency, including advanced claims search, auto-assignment of adjusters, dynamic correspondence generation, and an embedded Stripe integration projected to reduce payment processing costs by up to 67%. These enhancements align with BriteCore’s API-first strategy, which underpins its agent-assist and AI-driven underwriting tools.
28. Fleetio
Fleetio offers a cloud platform that helps organizations manage and optimize fleet operations across vehicles, drivers, equipment, and service providers. Its software tracks performance, automates maintenance, and provides real-time visibility into costs and uptime.
The company supports more than 7,500 fleets in over 100 countries, managing eight million vehicles and processing 13 million repair orders annually through its network of 110,000 repair shops. Fleetio raised $450 million in Series D funding in March, co-led by Elephant and Goldman Sachs Growth Equity. It also acquired Auto Integrate, a maintenance-authorization platform, in the same month.
Founded in 2012 and based in Birmingham, Alabama, Fleetio continues to grow under CEO Jon Meachin, who emphasizes automation, transparency, and cost efficiency. In October 2025, it expanded its Maintenance Shop Network into Canada to support cross-border fleets with faster, integrated repairs.
29. Instabase
Founded in 2015 by CEO Anant Bhardwaj, a former MIT researcher, Instabase develops an AI automation platform that enables enterprises to extract, process, and act on unstructured document data across complex workflows. Its “context-first” system transforms unstructured inputs into auditable, structured intelligence—automating critical processes such as claims handling, onboarding, and compliance.
The platform supports major enterprises, including Uber, NatWest, AXA, and the U.S. Patent and Trademark Office, as well as four of the five largest U.S. banks. Designed for enterprise-grade reliability and transparency, Instabase prioritizes data accuracy, security, and regulatory compliance.
Instabase has raised over $275 million, including a $100 million Series D round in January of this year led by the Qatar Investment Authority, with Andreessen Horowitz, Greylock Partners, Index Ventures, and NEA also participating.
30. Tractian
Tractian provides an AI-powered condition monitoring and asset performance platform that helps manufacturers prevent downtime and optimize production. Its system combines proprietary vibration sensors, software, and machine learning to predict failures and guide maintenance decisions across industrial environments.
The company serves more than 500 customers across 1,000+ factories, with 100,000 sensors deployed for clients such as Bosch, Hyundai, Carrier, and John Deere. Customers report average savings of $6,000 per machine annually and strong ROI from predictive insights.
Tractian has raised $200 million, including a $120 million Series C round in December 2024 led by Sapphire Ventures. In March 2025, it partnered with Oracle Cloud Infrastructure to boost AI performance using NVIDIA H200 GPUs. CEO and Co-Founder Igor Marinelli leads Tractian’s vision of an “Industrial Copilot” that unites human expertise and AI for next-generation maintenance.
31. Optiv
Formed in 2015 through the merger of FishNet Security and Accuvant, Optiv helps organizations strengthen and scale their cybersecurity programs. Headquartered in Denver, the company serves nearly 6,000 clients worldwide—including most of the Fortune 100—through strategy, implementation, and managed services. Its global operations span the U.S., Canada, and India, supported by more than 450 technology partners.
In 2025, Optiv marked its 10th anniversary with its latest Impact Report, noting over 790,000 hours of cybersecurity services delivered and expanded federal capabilities through Optiv + ClearShark, which supports U.S. defense and intelligence agencies.
CEO Kevin Lynch, who joined Optiv after two decades at Deloitte, has led Optiv’s evolution from a security reseller into a multi-billion-dollar integrator and trusted cyber risk advisor. Under his leadership, Optiv continues to advance its mission to “simplify cybersecurity and secure greatness”, while investing in next-generation innovation and global talent development.
32. Exaforce
Exaforce develops AI-native software that automates the full security operations lifecycle, helping enterprises detect, investigate, and respond to threats with greater speed and precision. The company’s Agentic SOC Platform combines multi-model AI with autonomous agents, or “Exabots,” to deliver real-time insights, proactive detection, and automated remediation through a single unified interface.
In April, Exaforce raised $75 million in Series A funding led by Khosla Ventures, Mayfield, and Thomvest Ventures to expand its platform globally. In August, the launch of its agentic SOC system extended AI beyond Tier-1 triage to cover every stage of security operations—from threat detection and investigation to response and continuous improvement—offering organizations the flexibility of SaaS or fully managed MDR deployment.
The company is led by Co-Founder and CEO Ankur Singla, a seasoned entrepreneur who previously led Volterra and Contrail Systems to successful acquisitions by F5 and Juniper Networks. Based in the San Francisco Bay Area, Exaforce continues to advance AI-driven operations for modern enterprises seeking measurable gains in efficiency and resilience.
33. JobNimbus
JobNimbus develops cloud-based CRM and project management software for roofing, fencing, and exterior contractors, helping teams streamline operations from lead to payment. Its platform centralizes scheduling, communication, payments, and workflow automation so contractors can manage projects efficiently and scale with clarity.
Founded in 2013 in Lehi, Utah, by Ben Hodson, Nick Wood, and Jason Wood, JobNimbus was created to give contractors practical tools to run stronger, more organized businesses. Drawing on backgrounds in technology, entrepreneurship, and product innovation, the founders built a system designed around the idea that contractors are the “heroes” of their communities—those who build, repair, and keep families safe.
Today, JobNimbus supports thousands of contracting businesses nationwide and reports measurable improvements in project delivery and payment speed. The company secured a $330 million growth investment in November 2024 from Sumeru Equity Partners, with continued backing from Mainsail Partners and the founders.
34. Mezmo
Mezmo delivers intelligent telemetry orchestration software that helps organizations manage, optimize, and act on observability data in real time. Its Active Telemetry platform unifies logs, metrics, and traces through active engagement, routing, and in-stream analysis, enabling faster visibility and more efficient operations across complex systems.
In May 2025, Mezmo restructured its pricing model to reduce observability storage costs by up to 90%, followed by the June release of new optimization workflows for Datadog users to identify redundant data and lower log volume. Together, these updates strengthened Mezmo’s Telemetry Pipeline, improving cost predictability, reducing noise, and enhancing responsiveness for developers and SREs. Headquartered in San Jose, California, Mezmo has been recognized for its rapid growth and continues to refine the way modern organizations extract value from telemetry data.
35. Virtru
Virtru delivers data-centric security software that keeps encryption and access controls attached to the data itself—whether shared by email, stored in the cloud, or transmitted through collaboration tools. The company’s technology is built on the Trusted Data Format (TDF), a security standard invented by Co-Founder Will Ackerly, a former NSA cloud security architect.
Virtru’s origins trace back to the years following 9/11, when brothers John and Will Ackerly recognized the lack of technology that allowed information to be shared securely without sacrificing privacy. The need to balance collaboration and control led to the development of TDF and the creation of Virtru in 2012.
Today, the company protects more than 6,700 customers and one million active users, securing roughly six million emails and files each week. Its software integrates with Gmail, Outlook, Google Drive, and Microsoft 365, and is FedRAMP-authorized for U.S. government use. In July 2025, Virtru raised $50 million in a round led by ICONIQ to expand TDF adoption across AI and defense. CEO and Co-Founder John Ackerly, a former White House policy director, leads the company’s mission to deliver simple, standards-based security that travels with the data.
36. Manychat
Manychat provides automation tools that manage customer conversations across Instagram DMs, WhatsApp, Messenger, TikTok, and other platforms. Its technology helps small teams and creators convert engagement into leads and sales by connecting chat interactions directly to business results.
The company launched Follow to DM in October, a Meta-approved feature that automatically messages new Instagram followers, simplifying first contact and reducing inbox work. As of April 2025, Manychat served about 1.5 million customers in 170 countries, ranging from global brands like Nike and The New York Times to individual entrepreneurs.
Founded in 2015 and based in Palo Alto, California, Manychat has raised $140 million in Series B funding led by Summit Partners to enhance its AI capabilities and expand go-to-market efforts. CEO and Co-Founder Mike Yan leads the company, focusing on building automation that delivers measurable growth from everyday conversations.
37. Rescale
Rescale operates a cloud-based digital engineering platform that unites simulation, modeling, AI, and data intelligence to accelerate innovation across industries like aerospace, automotive, life sciences, energy, and manufacturing. Its technology enables engineers to design, test, and optimize complex products faster with scalable cloud computing.
The company raised $115 million in April 2025 from investors including Applied Materials and NVIDIA, bringing total funding to more than $260 million. It later introduced Data Intelligence, a system that unifies legacy and modern simulation data into a single digital thread—a step toward its forthcoming AI Physics OS.
Rescale is based in San Francisco and led by CEO and Founder Joris Poort, who has positioned Rescale at the intersection of high-performance computing and applied AI, achieving near-real-time simulations with 98% accuracy.
38. Rossum
Rossum provides an AI-native intelligent document processing platform used by enterprises to automate transactional workflows across invoices, purchase orders, and other business-critical documents. Founded in 2017 and led by CEO and Co-Founder Tomas Gogar, the company operates with more than 200 employees in five global offices and supports over 450 customers through a cloud-native system built on a proprietary Transactional Large Language Model. Its platform integrates with ERP and procurement systems such as SAP, NetSuite, Coupa, and Workday, and is engineered for enterprise requirements with ISO 27001 certification, HIPAA compliance, and high-availability SLAs.
In 2025, Rossum advanced its automation architecture through two significant platform expansions. In February, the company introduced specialist AI agents designed to take on structured operational work within transactional document flows, signaling a move toward more governed, agentic automation in accounts payable and related functions. By September, Rossum extended its system with integrated e-invoicing to help enterprises prepare for Europe’s fragmented regulatory mandates, consolidating structured e-invoices and traditional PDFs within a unified review and processing model.
39. Pentera
Pentera delivers automated security validation software that continuously tests enterprise defenses by safely simulating real-world cyberattacks. Its platform identifies exploitable vulnerabilities across internal, external, and cloud environments, helping organizations prioritize remediation.
Founded in 2015 with origins in Tel Aviv and now headquartered in Boston, Pentera serves over 1,200 enterprises across 60 countries, achieving 300% growth in annual recurring revenue over the past four years.
Under CEO Amitai Ratzon, the company expanded its capabilities through acquisitions of DevOcean and EVA Information Security in late 2025, integrating AI-driven remediation and red-teaming tools. Pentera raised $60 million in Series D funding in March, led by Evolution Equity Partners, valuing the company above $1 billion.
40. Nextworld
Nextworld builds an AI-driven Enterprise Applications Platform that combines ERP functionality with a no-code development environment, enabling businesses to create and evolve software without the limitations of legacy systems or technical debt. The Denver-based company is led by Founder and CEO Kylee McVaney, whose family founded J.D. Edwards. Nextworld serves enterprises across manufacturing, distribution, and technology sectors.
In February 2025, the company raised $65 million in Series F funding led by the McVaney Investment Partnership to accelerate AI innovation and global expansion. Later in the year, Nextworld introduced a two-tier transparent pricing model, Starter and Unlimited, eliminating per-user fees and reinforcing its focus on simplicity and scalability.
41. HUMAN
HUMAN protects digital ecosystems from bots, fraud, and automated abuse through its Human Defense Platform, which authenticates more than 20 trillion digital interactions each week across advertising, e-commerce, enterprise, and government systems. Its technology uses real-time threat detection, behavioral analysis, and adaptive AI to ensure every interaction is genuine.
The company was founded as White Ops in Brooklyn in 2012 and is now headquartered in New York City. Under the leadership of CEO Stu Solomon, a former president of Recorded Future and U.S. Air Force Academy graduate, HUMAN’s Satori Threat Intelligence and Research Team tracks and dismantles emerging bot networks, providing live intelligence to clients and partners worldwide. HUMAN raised over $50 million in growth funding in October 2024, led by WestCap, joined by Goldman Sachs, ClearSky, NightDragon, and Vertex Ventures US.
42. MenuSifu
MenuSifu provides a restaurant management and point-of-sale (POS) platform that unifies ordering, payments, kitchen operations, and analytics in one ecosystem. Its technology supports front- and back-of-house automation, robotic cooking systems, and AI-powered insights that drive efficiency and cost savings.
The company serves more than 15,000 restaurants across the U.S.—particularly within the Asian dining segment—and offers solutions spanning marketing, delivery integration, and contactless payments. Headquartered in New York with over 300 employees, MenuSifu operates in all 50 states.
MenuSifu raised a Series B funding round in March of this year from investors including Challenjers Capital, Enlight Growth Partners, Lingfeng Capital, Amino Capital, and Grandview VC. The company is led by Co-CEOs William Wang and Yu Li, who lead efforts to modernize restaurant operations through AI and connected technologies.
43. AgentSync
Started in 2018, AgentSync builds infrastructure that connects carriers, agencies, MGAs, and producers across the insurance industry. Its automated, cloud-native platform streamlines licensing, onboarding, and compliance, helping insurers scale faster while reducing risk and cost.
By combining APIs, automation, and customer-centric design, AgentSync delivers operational visibility and flexibility across complex distribution networks. Today, the platform supports more than 200 insurance organizations and serves as core infrastructure for many of the nation’s leading carriers.
The company appointed David Samuels as CEO in October 2025, succeeding Co-Founder Niji Sabharwal, who became Executive Chair. Backed by over $160 million from investors including Craft Ventures and Valor Ventures, AgentSync continues to modernize insurance distribution through connected, resilient systems.
44. Opkey
Founded by CEO Pankaj Goel, Opkey delivers an AI-powered platform that modernizes and manages enterprise ERP systems throughout their lifecycle. Combining process mining, intelligent automation, and agentic AI, its technology streamlines configuration, testing, training, and support, cutting testing time and operational costs for large organizations.
At its core is Argus AI, a specialized small language model trained on decades of enterprise data and domain expertise. Argus coordinates intelligent agents to automate ERP operations in real time, creating a self-optimizing system compatible with Oracle, Workday, Coupa, Veeva, and other platforms.
Opkey serves more than 250 enterprise customers—including over 70% of the Fortune 1000—and partners with KPMG, PwC, and Huron. The company raised a Series B round in 2024, led by PeakSpan Capital with participation from UST Global, to further expand its AI-driven optimization suite.
45. Iru
Iru builds an AI-powered platform that unifies identity management, endpoint security, and compliance automation for enterprise IT teams. Its system replaces fragmented point tools with a single environment that secures users, devices, and applications while automating access control and compliance validation.
Emerging from the creators of Kandji, known for Apple device management, Iru extends those principles of simplicity and automation to broader IT and security challenges. With AI embedded directly into its architecture, the platform delivers adaptive threat detection and real-time policy enforcement across networks.
Serving more than 5,000 organizations worldwide, including GoCardless, Forward Financing, and Demandbase, Iru helps enterprises simplify technology stacks and improve visibility. Operating as an independent successor to Kandji’s founders, the company is focused on building secure, scalable infrastructure for the AI era.
46. Relay
Relay provides a connected communication platform that replaces traditional two-way radios with intelligent, voice-first technology. Its devices and software deliver real-time translation in over 30 languages, GPS tracking, panic alerts, and dual WiFi-cellular coverage, keeping distributed teams connected and secure.
The system supports frontline workers in sectors such as hospitality, logistics, and manufacturing, offering communication and visibility tools long unavailable to non-desk employees. A cloud dashboard gives managers real-time insights into team activity, enabling faster coordination and safer operations.
With more than 2.5 billion messages delivered, one million mapped locations, and adoption across 2,500+ organizations, Relay has become a key communication platform for the frontline workforce. Founded to empower essential workers, its mission is to provide tools that make their jobs safer, easier, and more connected.
47. WEKA
WEKA develops data infrastructure for high-performance AI and accelerated computing. Its flagship platform, NeuralMesh by WEKA, unifies data, compute, and networking across edge, core, and cloud environments to remove storage bottlenecks and boost efficiency for large-scale AI workloads.
Led by Co-Founder and CEO Liran Zvibel, WEKA’s software is deployed by more than 300 global organizations, including 11 Fortune 50 companies and leading AI research institutions. In October 2025, the company launched its next-generation NeuralMesh architecture for NVIDIA BlueField-4, delivering up to 100x greater energy efficiency for agentic AI processing.
WEKA has raised $140 million in Series E funding from Valor Equity Partners, NVIDIA, Norwest Venture Partners, Micron Ventures, and Qualcomm Ventures, valuing the company at $1.6 billion.
48. Corelight
Corelight offers open network detection and response (NDR) technology, enabling security teams to detect, investigate, and disrupt complex cyber threats. Its platform converts raw network and cloud activity into structured, evidence-based insights that enhance visibility across hybrid and multicloud environments.
Built on more than two decades of open-source innovation from Zeek, the industry-standard network security framework, Corelight was founded in 2016 and is headquartered in San Francisco. CEO Brian Dye, formerly of McAfee and Symantec, has guided the company through its evolution into a leader in open NDR.
Backed by $150 million in Series E funding from Accel, Cisco Investments, and the CrowdStrike Falcon Fund, Corelight launched Corelight Threat Intelligence in October 2025, integrating CrowdStrike IOC feeds to improve detection accuracy and reduce false positives. Its technology supports Fortune 500 enterprises, government agencies, and cybersecurity partners such as CrowdStrike, Mandiant, and the Black Hat NOC.
49. MariaDB
MariaDB’s open-source database platform supports transactional, analytical, and hybrid workloads across private, public, and multicloud environments. Used by over 600 organizations, including Deutsche Bank, DBS Bank, ServiceNow, and Samsung, the platform delivers enterprise-grade performance with the flexibility and cost efficiency of open source.
Started by members of the original MySQL engineering team in 2013, the company operates from Silicon Valley and Ireland. In 2025, MariaDB reacquired SkySQL, its Database-as-a-Service offering, consolidating its managed cloud capabilities under MariaDB Cloud, which runs on AWS, Google Cloud, and Azure.
Earlier in the year, the company acquired Codership, developer of Galera Cluster, strengthening high-availability and replication technology. CEO Rohit de Souza, a veteran of Micro Focus and Actian, is steering the company’s evolution into a fully enterprise-ready database platform designed for AI-driven workloads and long-term scalability.
50. Airspace
Airspace manages time-critical logistics for shipments requiring precision and reliability—from transplant organs and medical devices to aerospace components. Its automated platform provides full visibility from order to delivery, using AI to predict disruptions and adjust routes dynamically.
Founded in 2015 by Nick Bulcao and Ryan Rusnak, Airspace operates in 134 countries, tracks 16,000+ touchpoints per shipment, and supports 20% of the Fortune 100. Its team of over 300 spans five global offices and holds 11 patents.
The company has raised $138 million, including a $70 million round in 2022 from DBL Partners, Telstra Ventures, and HarbourVest, to fuel global expansion into Europe and Asia and new verticals such as semiconductors, automotive, and cleantech. With a Net Promoter Score near 60 and 99.8% retention, Airspace continues to advance intelligent, transparent, and sustainable logistics.