Investing in a tech startup, like most types of investments, can be risky. If the startup fails, you could lose all the money you have invested. However, if the startup you have invested in is successful, you could make a lot of money.
To minimize the risk, you have to do your research and to choose a startup that seems likely to succeed and to reward you for your faith in them, as well as for your investment.
The following are eight of the best tech startups to invest in. Some of these tech startups are based in the United States, and some are based in Canada.
1. ServiceNow
ServiceNow is a software company based in Santa Clara, California. It was founded in 2004 by Fred Luddy, and it has been growing quickly. ServiceNow has developed a cloud computing platform that provides IT service management, technical management support, and work process automation.
Many businesses are already using the platform developed by ServiceNow, and they will keep developing solutions that aim to make work work better. Investing in them would be a safe bet, if you get the opportunity.
2. Deep Genomics
Another great tech startup to invest in is Deep Genomics. The startup is a Toronto-based company that was established in 2014 by Brendan Frey, Andrew Delong, Hui Yuan Xiong, and Hannes Bretschneider. Their team is harnessing the power of Artificial Intelligence to create the future of medicine, and their discovery platform is built to discover and develop new drugs and therapies.
Deep Genomics is planning to hire more employees in 2020, so they can keep expanding and improving their innovative approach to medicine. Among the many promising tech companies in Toronto, you should keep an eye on this startup.
3. Kindred
Kindred is another Canadian startup that was established in Toronto in 2014. Geordie Rose, Suzanne Gildert, George Babu, and Jim Liefer are behind this company that develops AI-powered, piece-picking robots that are already helping major brands handle their ecommerce order fulfillment operations.
The solutions developed by their team of scientists and engineers combine advanced robotics and support services to improve working conditions while solving real world warehouse problems. Machines with human-like intelligence are not going away anytime soon, and neither is Kindred.
4. The Trade Desk
The Trade Desk is based in Ventura, California, and it was founded in 2009 by Jeff Green and David R. Pickles. This startup has developed a platform that provides advertisers with real-time ad pricing and placement, enabling digital advertising campaigns across different medias.
The Trade Desk is now the largest independent demand-side platform in the world, and they have offices in North America, In Europe and in Asia. They had an arrangement with Amazon Publisher Services in 2019, which helps make them unstoppable.
5. Streem
Streem is a young startup based in Portland, Oregon. It was founded in 2017 by Ryan Fink and Sean Adkinson. Their mission is to make the world’s expertise more accessible by revolutionizing the way customer support works.
They combine machine learning, computer vision, and object recognition to allow customers to receive the support they need simply by making and sharing a video with their smartphone. The future is looking bright for Streem, and now would be a good time to invest in this tech startup.
6. Sensibill
Sensibill was founded in Toronto in 2013, by Corey Gross and Jamie Alexander. This receipt management service has already partnered with major financial institutions, and its mission is to make it easier for the customers of these institutions to save and manage their receipts.
The technology they have developed relies on AI to structure the data found on these receipts. Their service is appreciated by banks and consumers, and they are planning to keep expanding their operations over the years. Investing in this tech startup would make a lot of sense.
7. Buddybuild
Buddybuild is another Canadian startup based in Vancouver. It was founded in 2015 by Dennis Pilarinos, Christopher Stott, and Johnny Shi, and its mission is to help users create great iOS apps. Their platform offers continuous integration, interactive user feedback solutions, and everything a serious mobile app developer needs.
They have already caught the attention of Apple, who decided to buy their app development service. The Buddybuild platform is able to connect with a growing list of services, and their operations will surely keep expanding as well.
8. Movandi
Movandi was founded in 2016 in Irvine, California. It was co-founded by Ahmadreza Rofougaran, an electrical engineer, inventor and entrepreneur. The mission of this startup is to revolutionize 5G, the fifth generation wireless network. They want to make it accessible everywhere by developing technology that broadens the reach of 5G spectrum bands.
Movandi is now seeking patnerships with major wireless providers to expand their operations, so now would be a good time to invest in them, as you can certainly expect them to be successful in the future.
