Seattle-area startups have gobbled up massive amounts of venture capital funding over the past year.
With massive funding often comes massive company values. Multiple new unicorns, or companies with a value of at least $1 billion, have been spawned in the past year. There's been enough activity recently that the Business Journal decided to update its list of unicorns from last year. In addition to minting new unicorns, a few companies from our previous list have been removed. Remitly, for one, went public, while Auth0 was acquired by Okta.
The startups below, all of which have hit a value of at least $1 billion, are listed in alphabetical order.
Amperity
Value: $1 billion-plus
Headquarters: Seattle
Founded: 2016 by Kabir Shahani and Derek Slager
What is Amperity? Amperity helps businesses use data to get a better understanding of their customers.
Most recent funding: $100 million in July 2021
Convoy
Value: Roughly $2.7 billion in 2019
Headquarters: Seattle
Founded: 2015 by Grant Goodale and Dan Lewis
What is Convoy? Convoy connects freight shippers and carriers. The company's technology allows carriers to bid on freight loads through an app, and it aims to help shippers with costs and supply chain efficiency.
Most recent funding: $400 million in 2019
Highspot
Value: $3.5 billion
Headquarters: Seattle
Founded: 2012 by Robert Wahbe, Oliver Sharp and David Wortendyke
What is Highspot? The company's software helps sales reps with content management, training and guidance.
Most recent funding: $248 million in January 2022
Icertis
Value: $5 billion
Headquarters: Bellevue
Founded: 2009 by Samir Bodas and Monish Darda
What is Icertis? Icertis offers technology to help clients manage contracts with employees, suppliers and customers.
Most recent funding: An undisclosed amount from SAP SE in January 2022
Karat
Value: $1.1 billion
Headquarters: Seattle
Founded: 2014 by Mohit Bhende and Jeffrey Spector
What is Karat? The company offers technology and interviewers to enable clients to screen engineering talent, allowing clients' own engineers to focus on technical work. Karat also offers analytics to help with hiring decisions.
Most recent funding: $110 million in October 2021
![Todd Dunlap OfferUp CEO[1]](https://media.bizj.us/view/img/12124800/todd-dunlapofferup-ceo1*540xx6000-3375-0-313.jpg)
OfferUp
Value: $1.4 billion as of 2018
Headquarters: Bellevue
Founded: 2011 by Nick Huzar and Arean van Veelen
What is OfferUp? The company allows consumers to buy and sell goods locally. Users can find furniture, appliances, clothes and cars through OfferUp.
Most recent funding: $120 million in March 2020
Outreach
Value: $4.4 billion
Headquarters: Seattle
Founded: 2014 by Manny Medina, Gordon Hempton, Wes Hather and Andrew Kinzer
What is Outreach? The company's technology helps customer-facing employees with productivity, engagement and collaboration.
Most recent funding: $200 million in June 2021
Place
Value: $1 billion-plus
Headquarters: Bellingham
Founded: 2019 by Ben Kinney and Chris Suarez
What is Place? Place offers real estate agents services such as legal help, human resources support, design and accounting.
Most recent funding: $100 million in November 2021
Qumulo
Value: $1.2 billion-plus in July 2020
Headquarters: Seattle
Founded: 2012 by Neal Fachan, Peter Godman and Aaron Passey
What is Qumulo? The company helps clients in fields such as the entertainment, automotive and health care industries to store and manage massive amounts of data.
Most recent funding: $125 million in July 2020
Rec Room
Value: $3.5 billion
Headquarters: Seattle
Founded: 2016 by Nick Fajt, Bilal Orhan, Cameron Brown, Dan Kroymann, John Bevis and Josh Wehrly
What is Rec Room? With Rec Room, users can create an avatar and hang out virtually with friends. Users can also explore and create virtual rooms.
Most recent funding: $145 million in December 2021
SeekOut
Value: $1.2 billion-plus
Headquarters: Bellevue
Founded: 2017 by Anoop Gupta, Aravind Bala, John Tippett and Vikas Manocha
What is SeekOut? The startup helps clients find job candidates by searching public profiles, the open web, published papers and conferences.
Most recent funding: $115 million in January 2022
Tanium
Value: $9 billion-plus
Headquarters: Kirkland
Founded: 2007 by David and Orion Hindawi
What is Tanium? Tanium gives clients accurate and scalable control of their tech environments.
Most recent funding: $150 million in January 2021
Temporal
Value: Roughly $1.5 billion
Headquarters: Seattle
Founded: 2019 by Maxim Fateev and Samar Abbas
What is Temporal? The company specializes in technology that manages the various components involved in cloud app development.
Most recent funding: $103 million in February 2022
Zenoti
Value: Almost $1.5 billion
Headquarters: Bellevue
Founded: 2010 by Sudheer and Dheeraj Koneru
What is Zenoti? Zenoti allows consumers to check appointments, make reservations and check in with wellness businesses.
Most recent funding: $80 million in June 2021
