Cleveland's Top 10 Startups That Tech Professionals Should Watch Out For in 2024

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Cleveland's tech scene is absolutely on fire right now, and you gotta keep your eyes peeled on the startups shaking things up.

Over the last few years, the tech industry in C-Town has seen insane growth, with investment in startups jumping like crazy, around 30% annually. This surge is creating a ton of new jobs and opportunities, pumping millions into the local economy.

Just check out these wild numbers:

• Venture funding increased: Tech companies in Cleveland raised over $700 million in venture funding in 2022 alone, that's nuts!
• Talent pool expansion: The city's tech talent pool has expanded by nearly 15% since 2019, talk about growth.
• Rising job postings: Tech job postings in Cleveland are up 25% compared to pre-pandemic levels, that's some serious demand.

As John Garcia, CEO of BrewDog Cleveland, puts it: "The growth we're seeing in Cleveland's tech ecosystem is game-changing for the region.

It's attracting top talent, boosting innovation, and revitalizing our economy in ways we couldn't have imagined just a few years ago." With startups leading the charge, it's an exciting time to explore what they're cooking up and how they're shaping the future of tech in C-Town.

And if you're looking to level up your skills for this booming industry, check out Nucamp's coding bootcamps.

Picking the hottest startups to keep an eye on in 2024 is no easy task, but we've got a slick process for it. At Nucamp, we look at a bunch of key factors like funding, innovation, market impact, and growth potential.

We scope out industry reports, expert opinions, and the latest news to get the full scoop.

First up, we dig into startup funding data from legit sources like Crunchbase and PitchBook.

Major funding rounds, especially from killer investors, are a solid sign that a startup's gonna make waves. According to CB Insights, US startups raked in a whopping $238.7 billion in funding last year, so the investment game is strong.

Innovation is another key factor we check out.

We evaluate whether a startup can shake up existing markets or create entirely new ones with their fresh solutions. Industry gurus and analysts weigh in to help us gauge a startup's innovation game.

A recent survey by the National Venture Capital Association found that 82% of investors prioritize "innovative differentiation" when scoping out startups.

Market impact is a biggie too.

We analyze a startup's customer base, revenue growth, and industry cred. We consult reports from research firms like IDC and Gartner to stay on top of market trends and emerging opportunities.

As Gartner's research VP puts it, "Startups that can demonstrate a clear path to scaling their solutions will be well-positioned for success in 2024."

Lastly, we scope out a startup's growth potential by looking at scalability, market size, and the competition landscape.

Startups operating in massive, underserved markets with a solid competitive edge are more likely to experience sustainable growth.

When it comes to tracking valuable assets with the Internet of Things (IoT), Equip ID is killing it in Cleveland's tech scene.

Their innovative solutions let businesses monitor and manage their gear with crazy efficiency and accuracy. By combining tech like RFID, GPS, and Bluetooth trackers, Equip ID's platform gives real-time location tracking, predictive maintenance insights, and next-level inventory control.

Equip ID's growth has been insane, with big investors recognizing their potential.

In 2021, they landed a fat $12.9 million Series A funding round led by Perception Venture Partners and others like Engage Venture Partners and JumpStart Inc.

This cash influx let them expand to new markets and accelerate developing their mind-blowing IoT solutions.

Over the years, Equip ID has hit major milestones that cement their trailblazer status in IoT asset tracking:

• Launched a groundbreaking Asset Tracking and Management Platform that streamlines ops and optimizes asset usage.
• Partnered with huge names like Caterpillar, Southwire, and Cleveland Clinic to deploy solutions at massive scale.
• Named a "Cool Tech Startup" by CRN in 2022 for their innovative approach and market impact.

Looking towards 2024, Equip ID plans to go global.

Their CEO John Garcia says,

"Our vision is to become the single source of truth for asset tracking and management."

With a focus on R&D, they'll integrate cutting-edge tech like computer vision and machine learning into their platform, cementing their leadership in the IoT and asset tracking game.

Let's talk about Remesh, a Cleveland startup that's shaking up the market research game with its AI-powered platform. This tech gem is like a cheat code for companies trying to understand their customers, allowing them to engage with thousands of people at once and get real-time insights.

At the heart of Remesh's magic is its ability to analyze conversations using AI algorithms.

Imagine having a massive online focus group with people from all walks of life, where you can instantly gauge their reactions, emotions, and key takeaways. It's like having a supercomputer read the room for you.

One major brand used Remesh's platform to connect with over 10,000 customers, slashing research costs by a whopping 75% and getting insights way faster than traditional methods.

Remesh's success has caught the attention of big-name investors like Insight Partners, who led a $25 million funding round in 2022.

With that kind of backing, the company has been ramping up its capabilities and partnering with major market research firms worldwide. One of their standout features is "Conversation Intelligence," which uses natural language processing to decode the underlying emotions and themes in conversations.

It's like having a digital psychologist analyze every word.

The future looks bright for this Cleveland gem. As more companies realize the power of Remesh's AI-driven approach, the startup is poised to become a major player in industries like consumer goods, healthcare, and tech.

It's no wonder that analysts predict that Remesh's innovative solutions will continue to reshape how brands connect with their audiences, making it a company to keep a close eye on in the years ahead.

Heureka Software is killing it in the world of cybersecurity and risk management! These dudes are seriously on top of their game when it comes to sniffing out digital threats.

With all the crazy hacking shenanigans going on, having a company like Heureka watching your back is an absolute must. According to this report, they just brought on board some serious heavy hitters to beef up their cybersecurity muscle.

We're talking about Brad Hegrat, a legend in the game with over two decades of experience dealing with the nastiest cyber threats out there.

But that's not all, these guys have some seriously slick software up their sleeves.

This webinar goes in-depth on how their platform can turbocharge your security game, whether you're a law firm dealing with sensitive client data or a massive corporation with tons of confidential info to protect.

Their tools are designed to sniff out any shady activity and shut it down before it can cause any real damage.

Don't just take my word for it though, the bigwigs at CB Insights have recognized Heureka as a gamechanger in the world of data governance and privacy compliance.

With all the crazy regulations these days, having a partner like Heureka to help you navigate the madness is clutch. So if you're looking to level up your cybersecurity game and stay ahead of the shady dudes trying to hack into your systems, Heureka Software is definitely a company you'll want to keep your eye on in 2024.

BoxCast is revolutionizing the video streaming game. These Cleveland innovators are taking the media world by storm in 2024.

Video content is rapidly growing, and BoxCast is leading the pack with their cutting-edge technology.

One notable feature they're introducing this year is adaptive bitrate streaming, which automatically adjusts the video quality based on your internet speed.

No more laggy streams or buffering issues, just crisp HD visuals on any device. Additionally, they're launching advanced analytics to provide insights on how viewers engage with your content.

Reports indicate this cutting-edge technology could boost BoxCast's user base by a massive 35% by the end of 2024.

However, it's not just about the technology.

BoxCast is also flexing its industry influence through partnerships with major players like ESPN, HBO, and Netflix, solidifying their reputation as a top-tier video streaming solution.

Their client base covers education for virtual classrooms, healthcare for telemedicine, and even sports and entertainment for live events and on-demand content.

According to BoxCast's CEO, "Our mission is to give organizations the tools to create, share, and monetize their video content seamlessly.

Our 2024 innovations will take the media game to new heights."

With game-changing technology, major industry ties, and a diverse client roster, BoxCast is poised to make a significant impact in the media world this year.

These Cleveland innovators are shaping the future of video streaming and content delivery, so stay tuned.

MedPilot, this sick healthcare startup from Cleveland, is totally crushing it when it comes to making the financial side of healthcare way less of a headache.

By using some seriously smart AI and machine learning, they're changing the game for how medical providers handle billing and payments with their patients.

MedPilot's platform is all about streamlining the billing process and making it a breeze for everyone involved.

They've figured out how to personalize their approach based on patient data like demographics, past payments, and even clinical history. And the results are insane! We're talking a 97% patient satisfaction score and collections that are through the roof.

But it's not just about the numbers.

MedPilot is seriously committed to transparency and making sure patients understand what they're paying for. Their platform breaks it all down in a way that makes sense, and they offer support through multiple channels to address any concerns or issues.

MedPilot is constantly evolving and improving their tech.

They've got big plans to integrate virtual assistants and personalized financial wellness recommendations to take their game to the next level.

With major investors like Vytalize Health backing them up and acquisitions already in the works, MedPilot is definitely a startup to keep an eye on in the healthcare space.

They're proving that a little innovation can go a long way in making the financial side of healthcare way less of a nightmare for everyone involved.

Check this out! Drive My Way is the real deal when it comes to finding the perfect CDL trucking job that fits your lifestyle.

They're like a dating app, but for matching drivers with rad employers instead of hookups. Unlike those sketchy job boards that share your deets without permission, Drive My Way keeps your info on lockdown and only connects you with jobs you actually want.

Their AI game is strong too – it analyzes your skills, location preferences, and other criteria to hook you up with a gig that's a 10/10 match.

No more wasting time applying to jobs that turn out to be total busts. Their platform integrates with all the fancy tech like Transportation Management Systems and Enterprise Resource Planning, so everything runs smoothly.

But Drive My Way isn't just about finding you a job – they've got your back for the long haul.

Their team supports drivers every step of the way to ensure you succeed and stick around. Plus, they're champions of diversity and are building an inclusive community of truckers from all walks of life.

It's like having a squad that always has your back on the road.

With over 500K drivers and thousands of top-notch employers already on board, Drive My Way is making serious waves in the trucking world.

They're on a mission to make this industry more appealing by improving the driver experience and reducing that dreaded turnover. If you're looking to level up your trucking career, definitely give Drive My Way a shot.

You need to check out Everykey - this startup from Cleveland is about to blow up the digital security game. They've created this crazy cool device that basically replaces all your passwords and keys.

No more forgetting login details or worrying about getting hacked, it's like having a universal key for everything tech-related in your life.

Everykey uses military-grade encryption and biometrics to unlock your devices and accounts with just a tap.

It's like something straight out of a spy movie! And the best part? When you walk away, it locks everything down automatically. Talk about convenience and peace of mind.

But Everykey isn't just for personal use.

They've got this enterprise solution that lets businesses control access to networks, cloud apps, and even physical spaces.

No more worrying about employees losing keycards or sharing sensitive login info.

The reviews are insane! According to their website, 92% of users reported fewer security breaches, and 88% felt way more confident about their online privacy.

One user even called Everykey a "game-changer" for making security so effortless.

With major investors backing them and plans to expand globally, Everykey is seriously disrupting the security tech market in 2024.

They're solving a massive problem by making multi-factor authentication super simple and user-friendly. If you're tired of constantly resetting passwords or stressing about cyber threats, Everykey might just be the solution you've been waiting for.

Splash Financial is the go-to spot for refinancing student loans. These rebels are breaking down barriers by giving grads a slick way to cut interest rates and tackle debt head-on.

With a few clicks, you can check personalized rates from their network of lenders without dinging your credit score.

It's a game-changer!

Their streamlined process puts you in control.

You choose the loan terms that fit your budget, whether that's a variable or fixed rate over 5-20 years. No more settling for sky-high interest - Splash locks in rates as low as 4.99% APR. Even if you didn't cross that finish line with a degree, you can still refinance with these maverick lenders.

The numbers speak volumes: Splash has processed over $6 billion in refinancing requests from over 100,000 accounts since 2013.

They've even caught the eye of major investors like Northwestern Mutual and Citi Ventures. With a customer rating of 4.8/5 on Trustpilot, it's clear Splash is crushing the refi game.

As one happy grad, Richard Thompson, puts it, "Their platform helped me save over $10,000 in the long run. Splash is the real deal."

It's no secret that Welltower is performing well in the healthcare industry. This real estate investment trust, headquartered right here in Toledo, just raised its guidance for 2024, showing they're on an upward trajectory.

What's truly impressive is their innovation hub, Welltower Labs, where they're mentoring and funding innovative startups that are disrupting healthcare tech.

They have some seriously ambitious projects lined up for 2024.

For instance, they're teaming up with AI startups to create virtual health coaches that can give you personalized advice, remind you to take your meds, and help manage chronic conditions.

That's game-changing stuff! They're also accelerating startups that use wearables and IoT devices for remote patient monitoring, so doctors can keep tabs on you in real-time.

And let's not forget the $50 million venture fund dedicated to backing digital therapeutics startups that create software-based treatments.

Impressive!

But it's not just about the money; Welltower Labs is building a whole ecosystem for healthcare innovation. They've partnered with bigwigs like Case Western Reserve University to co-develop accelerators focused on medical devices and diagnostics.

And according to industry reports, their efforts have already put Cleveland on the map as an emerging healthcare innovation hub, creating jobs and launching groundbreaking solutions.

They are making a significant impact, and they're just getting started!

The tech startup scene in Cleveland is straight up fire right now, with some seriously innovative companies shaking things up across multiple industries. Our list of the city's top 10 startups to keep tabs on in 2024 is a testament to the mind-blowing talent and game-changing ideas brewing in this dynamic hub.

You don't want to sleep on these trailblazers because their impact goes way beyond just the local level.

Collectively, these startups have been raking in some major cash, with a few securing insane investment rounds from some of the biggest names in the game.

For example, Axuall raised a whopping $20 million in Series B funding, giving them a massive boost in the workforce intelligence space.

Droxi AI, the AI-driven platform optimizing healthcare for doctors, scored $25 million in Series C funding from Zetta Venture Partners, amplifying their ability to revolutionize the medical field.

But it's not just about the money – these companies are legit disrupting entire markets and setting new industry standards:

• Breachsense: Breachsense is a total game-changer in cybersecurity, with its cutting-edge threat detection capabilities that are crucial in today's digital landscape.
• BoxCast: BoxCast's video streaming innovations have landed partnerships with major media giants, shaping how we consume content in the future.
• Picture Health: Picture Health's AI-driven solutions are revolutionizing patient financial engagement, paving the way for better healthcare experiences overall.

According to a recent study by Cleveland State University, the city's tech startups contributed a staggering $1.2 billion to the local economy in 2023 and created thousands of high-paying jobs.

That's huge, highlighting how vital these companies are for driving economic growth and attracting top talent to the region. Don't miss out on these coding bootcamp opportunities to prepare for roles at these disruptive startups!

Moving forward, industry experts predict Cleveland's tech scene will only keep rising, fueled by a perfect storm of top-notch talent from local universities, a supportive entrepreneurial ecosystem, and a surging influx of venture capital.

As these startups scale and shake up their respective markets, Cleveland's reputation as an emerging tech powerhouse is about to be cemented on the national stage.