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

Looking for the latest updates? Check out the 2025 version of this article here.

Okay, so check this out - Memphis is totally blowing up as a startup hotspot! With a laser focus on industries like logistics, healthcare, and even music, the city's ecosystem is set to explode by 2024.

You've got over a dozen accelerators and incubators, like Epicenter and Start Co., fueling the fire and helping entrepreneurs turn their wild ideas into reality.

The stats speak for themselves: 66 top companies are already making waves in Memphis, and that number is only going to skyrocket.

Investors are seriously bullish on the 901, with orgs like Epicenter raising millions to invest in local startups and keep that entrepreneurial spirit alive.

But it's not just about the money - Memphis is cultivating a real community around innovation.

From big names like FedEx's tech operations to up-and-comers like Connect Music, there's a serious buzz around the city's potential as a tech powerhouse.

And with initiatives like Memphis 3.0 shaping the city's future, the stage is set for some mind-blowing innovation in the years to come.

To find the hottest startups in Memphis for 2024, we had to dig deep and really know what we're looking for. We turned to the big players like Startup Genome, Crunchbase, and PitchBook for the inside scoop.

But it wasn't just about crunching numbers – we wanted to see the real potential for these startups to truly innovate and shake things up.

So, here's what we zeroed in on:

• Growth Potential: We checked out how fast these startups were growing year after year, how many new users they were bringing in, and how much cash they were raking in. Gotta have that scalability.
• Innovation Quotient: We're talking groundbreaking solutions, game-changing tech, and totally unique offerings that nobody else has. Innovation is key for startups to stand out and make it big.
• Market Impact: It's not just about the numbers – we wanted to see startups that are really making waves in their industries, creating jobs, bringing in serious revenue, and solving real problems.

To top it off, we used PwC's super smart AI model to spot the startups with that special something that could make them the next big unicorn.

Check this out - Neighbourly is the hottest new social app taking over, and it's all about keeping it real with your neighbors! This innovative platform is redefining how we connect locally, bringing communities together like never before.

Here's the deal - Neighbourly allows you to create private neighborhood groups, making it a breeze to stay in the loop on what's happening around you.

Wanna organize a block party? Share news or safety updates? Find a trusted babysitter or handyman? This app's got you covered. It's like having your own exclusive social network for your 'hood.

But that's not all – Neighbourly is packing some seriously cool features, like:

• Encrypted Messaging: Keep your convos secure and private, away from prying eyes.
• Local Businesses: Support your favorite local spots by following and engaging with them directly.
• Questionnaires and Polls: Get a pulse on your community's thoughts and opinions on important matters.

Neighbourly is on a mission to change the game when it comes to community engagement.

They're aiming to deliver a billion dollars' worth of positive impact by 2025, connecting businesses with local causes and initiatives. Talk about making a real difference!

With cutting-edge tech, robust security features, and a community-first approach, Neighbourly is shaping up to be the go-to platform for staying connected to your neighborhood in a meaningful way.

Keep an eye on this one - it's about to blow up!

Check out PixelWorks, this cutting-edge Memphis startup that's excelling in next-level animation and graphics tech! They've developed a mind-blowing rendering engine that merges photorealistic graphics with smooth animations, taking digital media to an elevated level.

Their products and services are unlike anything seen before, completely reinventing how artists, filmmakers, and game developers realize their creative ideas.

One of their standout offerings is AnimaVR, a transformative software that allows artists to create immersive 360-degree animations for VR experiences.

This innovative tool earned PixelWorks the "Best Emerging Technology" award at SIGGRAPH in 2022 – illustrating its impact! Additionally, their MotionSync tech has revolutionized animation studios worldwide, enhancing motion capture efficiency and reducing production costs and turnaround times.

PixelWorks has collaborated with notable entities like Pixar for their upcoming film "Elemental," and major gaming industry players such as EA and Ubisoft incorporate PixelWorks' advanced technology into their development processes.

In 2021, they were recognized as one of the "Top 10 Most Innovative Companies in Graphics Technology" by FastCompany, and it's evident why. With a team of brilliant engineers and artists pushing technological boundaries, PixelWorks is spearheading advancements in real-time rendering, visual effects, and immersive media.

As digital entertainment evolves, they will remain at the forefront, delivering extraordinary solutions that continue to redefine the possibilities of mesmerizing visuals.

Alright, so ya gotta hear about this sick startup GreenTech Innovations.

These guys are straight-up crushing it with their cutting-edge green tech solutions. They're like the cool kids on the block, spearheading the sustainable revolution in Memphis.

These guys recently dropped this insane solar panel system that's 25% more efficient than regular panels.

Crazy, right? They've already hooked up a bunch of commercial and residential projects around the city, slashing carbon footprints and energy costs like it's nobody's business.

And that's not even the half of it!

GreenTech's smart home automation products are a total game-changer.

These bad boys optimize energy consumption, making your crib a lean, green, efficiency machine. Since they hit the market in 2021, they've already sold over 10,000 units.

Talk about a serious success story!

What makes these guys so killer? Well, for starters, they've got this unstoppable innovative mindset. They're always pushing the envelope, coming up with fresh, eco-friendly solutions that blow our minds.

Plus, they've got some major partnerships with big players in construction and energy, which means their tech gets seamlessly integrated and adopted like wildfire.

And let's not forget the investors.

GreenTech's vision and track record have got them hooked – they've already secured a massive $18 million in funding rounds. That kind of backing is gonna propel their growth and expansion plans straight to the stratosphere.

With the world finally waking up to the importance of sustainability, GreenTech Innovations is positioned to dominate the market for green solutions.

They're the real deal, and you better believe they're about to take Memphis's green tech scene by storm.

Alright, let's talk about SecureNet - this startup's got cybersecurity on lock! They're pros at keeping businesses safe from those pesky hackers and cyber goons.

Check out their game-changing services:

• Vulnerability Assessment: Their squad goes full CSI mode, scouring networks and apps for any potential weak spots. Then, they hit you with detailed reports and strategies to patch those holes.
• Penetration Testing: These ethical hackers straight-up simulate real attacks to expose vulnerabilities before the bad guys can exploit them. Talk about proactive defense!
• Incident Response: If a breach does happen, SecureNet's rapid response crew swoops in to contain the threat, investigate the situation, and get you back on track with bulletproof recovery measures.

SecureNet's client roster is stacked with big names across various industries, and they've got a ton of success stories under their belt.

One standout case involved a major healthcare provider that got hit with a nasty ransomware attack, putting sensitive patient data at serious risk. But SecureNet came through clutch, neutralizing the threat and fortifying their defenses to ensure they stayed compliant with those strict industry regulations.

But what really sets them apart – they're always innovating and staying ahead of the game.

By harnessing cutting-edge tech like AI and machine learning, they can predict and shut down emerging threats before they even happen. Their continuous research and development keep their solutions at the forefront of cybersecurity, providing top-notch protection in this ever-changing landscape.

As their CEO, Michael Hernandez, puts it,

"At SecureNet, we don't just react to threats; we outmaneuver them."

Get ready to be blown away by MedSync - the telehealth startup that's totally changing the game for healthcare access in Tennessee! With their cutting-edge virtual care platform, you can connect with licensed medical pros from the comfort of your couch, no more dealing with the hassle of in-person visits.

According to a recent study, over 25% of Tennesseans live in rural areas with limited healthcare resources, making telehealth solutions like MedSync an absolute game-changer for bridging that gap.

MedSync's got your back with a comprehensive suite of services, including:

• 24/7 on-demand video consultations with doctors, nurses, and specialists - access anytime.
• Remote patient monitoring for chronic conditions - monitoring health effectively.
• Secure messaging and file sharing with healthcare providers - safe communication.
• Prescription management and home delivery - convenient medication solutions.

The impact of MedSync's innovative approach is straight-up mind-blowing.

According to their 2023 Impact Report, the company has facilitated over 100,000 virtual consultations, resulting in an average cost savings of $126 per visit for patients.

A whopping 92% of users reported improved access to healthcare after adopting MedSync's services.

With a recent $15 million funding round under their belt, MedSync is gearing up for some serious growth in 2024.

They're planning to expand their provider network by 40%, further enhancing their already impressive service offerings. MedSync aims to team up with major healthcare systems and employers, solidifying their position as a leader in the booming telehealth market.

As Dr. Robert Martinez, MedSync's Chief Medical Officer, puts it, "Our mission is to make high-quality healthcare accessible to everyone, regardless of their location or circumstances."

FinHealth is shaking up how we manage our cash flow, and it's totally rad! This app puts you in the driver's seat of your finances, giving you all the tools to boss your money around.

With over 2 million users and a sick 4.7-star rating, FinHealth is killing it in 2024.

The real MVP move is how it syncs up your bank accounts, credit cards, and investments into one mega dashboard.

Check out these key features:

• Automated Transaction Categorization: FinHealth's AI game is strong – it automatically sorts your expenses, making budgeting a breeze.
• Personalized Financial Insights: Machine learning hooks you up with custom tips to level up your spending, saving, and investing strategies.
• Goal-Based Savings: Set financial goals like buying a crib, funding your next vacay, or stacking that emergency fund, and track your progress like a pro.
• Investment Tracking: Keep tabs on your investment portfolios, monitor performance, and get the inside scoop on market moves – all in one slick interface.

It's no wonder FinHealth is about to drop some mind-blowing features in 2024.

They're unleashing augmented reality to visualize your spending and goals in a fully immersive experience. Plus, they're teaming up with major financial institutions for seamless peer-to-peer payments and instant loan approvals.

Talk about a game-changer!

UrbanTranspo is killing it when it comes to tackling Memphis' urban transportation woes.

By teaming up with the city, they've cooked up some seriously smart solutions tailored to our needs. A recent study showed that traffic here wastes everyone an average of 47 hours per year just sitting in gridlock! That's where UrbanTranspo comes in clutch.

Their dope mobility app combines real-time traffic intel, public transit schedules, and ride-sharing options, so you can make the best call on how to get around.

Already, over 50K Memphians are using it as of early 2023. Tight partnership with MATA means bus and trolley schedules are seamlessly integrated, encouraging folks to use public transport.

UrbanTranspo's CEO Mary Smith is all about that sustainable life, saying

"Our goal is to cut traffic and emissions by promoting eco-friendly ways to move around. With data and user preferences, we can suggest greener options that save time and cash too."

You know they're onto something big.

2024 is gonna be huge for them - they've got plans to expand beyond Memphis, linking up with city councils in Nashville and Chattanooga.

But that's not all, they're also working on integrating electric vehicle charging station data and developing some mind-blowing predictive algorithms to maximize traffic flow efficiency.

With the smart urban mobility market in the U.S. expected to hit $32.5 billion by 2024, UrbanTranspo is one to watch out for.

Have you heard about DataHive? This Memphis-based company is making waves with their AI and data analytics game.

In 2024, they're about to drop some seriously sick products that'll change the way businesses handle data.

Get ready for PredictiveMind, a machine learning beast that can forecast trends.

Then there's InsightStream, a real-time data analytics tool that'll give you insights faster than you can say "big data." And let's not forget DataShield, a security suite that uses AI and blockchain to keep your sensitive info on lockdown.

AI is the future, and businesses that get on board are crushing it.

According to Gartner, companies rocking AI and data analytics are outperforming their competition by 20% in revenue growth and profit. DataHive's innovative solutions are about to give businesses a serious edge.

The AI market is predicted to hit $190.6 billion by 2025, with a mind-blowing 33.2% annual growth rate.

With their cutting-edge platforms, DataHive is poised to grab a massive slice of that pie. They're setting themselves up to be a major player in the industry, and Memphis tech professionals better keep an eye on them.

EduWave is totally revolutionizing online education with its cutting-edge tech tools designed for the digital age.

Their flagship product, the EduWave Learning Platform, combines AI-powered personalized learning pathways with interactive multimedia content, making the whole learning experience super engaging and effective for students of all ages and backgrounds.

Get ready for 2024 because EduWave is about to drop a virtual reality (VR) module that'll transport learners into mind-blowing 3D environments, helping them retain knowledge like never before and develop real-world skills.

EduWave's partnerships with top educational institutions are expanding rapidly, cementing their position as the go-to EdTech leader.

They recently teamed up with the University of Memphis to provide online courses for working professionals, allowing them to level up their skills without sacrificing their careers.

This power move has already received rave reviews from participants, with one student calling out the "user-friendly interface and adaptive learning algorithms that cater to different learning styles."

• Success stories are piling up, proving EduWave's impact on transforming online education.
• In 2023, their collaboration with a local school district boosted test scores by 15% across core subjects, all thanks to EduWave's gamified learning modules that keep students hooked.
• Even better, a recent survey revealed that 87% of EduWave users reported improved knowledge retention compared to traditional online learning platforms.

With a rapidly growing user base and a pipeline of groundbreaking features, this Memphis-based startup is poised to shape the future of digital learning on a global scale.

As EduWave continues to innovate and forge strategic partnerships, their commitment to enhancing online education experiences is crystal clear.

Memphis' startup scene is blowing up, and it's the place to be if you want to be part of something huge. By 2024, we're looking at a 25% spike in active startups, cementing this city as a breeding ground for the next big ideas and game-changers.

It's all thanks to the insane talent, deep pockets of investors, and the tight-knit community that's got each other's backs.

Innovation is the name of the game here, and startups are leading the charge.

The University of Memphis predicts startups will pump a mind-blowing $1.2 billion into the local economy by 2024, creating thousands of killer job opportunities across industries like healthcare, fintech, and cybersecurity.

It's a game-changer, and we're just getting started.

But to really unlock Memphis' startup potential, we gotta work together. Organizations like Start Co., EPIcenter, and the Memphis Entrepreneurship Academy are the MVPs, hooking you up with resources, networking events, and mentorship programs.

Here's how you can get in on the action:

• Hit up startup events and pitch competitions to connect with the movers and shakers, and maybe even score some investment.
• Join mentorship programs to learn from the OGs and get the inside scoop on making it big.
• Check out co-working spaces for a collaborative vibe and access to shared resources to level up your game.

If you're a tech pro in Memphis, this is your time to shine.

Embrace the hustle, immerse yourself in the startup community, and help make this city a powerhouse of innovation. Like Steve Jobs said,

"Innovation distinguishes between a leader and a follower."

Memphis is ready to lead, and we need you on board.