Orem'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.

Identifying Orem's hottest startups for 2024 was an epic challenge! We dug through a ton of data, from Crunchbase and PitchBook to startup rankings by major players like Inc.

and Forbes. Our criteria? Innovation that could seriously shake up entire industries. We were all about startups with game-changing ideas, solid growth potential backed by funding rounds, user acquisition, and revenue stats that wouldn't quit.

But above all, we prioritized impact – companies creating real, measurable change or solving critical problems. Check out these insane stats about the startups that made our cut:

• Total funding: Combined total funding raised is a mind-blowing $1.2 billion+.
• Oldest startup: Founded way back in 2002, which is ancient for startups!
• Youngest startup: Born recently in 2018 as fresh blood shaking things up!
• Diverse industries: Represented by SaaS, Proptech, Smart Home Tech, FinTech, and more.

Pumped to explore these innovative companies redefining the tech game? As Bill Gates said,

"If you give people tools, and they use their natural ability and their curiosity, they will develop things in ways that will surprise you."

Orem's startup scene is living proof of that!

Podium is killing it with their communication software! This Orem-based startup, founded in 2014, has been straight-up revolutionizing how businesses connect with customers.

In 2024, their platform is stacked with dope features like a unified inbox that brings all customer interactions into one place – texts, emails, web chats, social media, you name it.

They've also got crazy AI tech that can automatically respond to reviews and generate personalized messages, saving you time. Their payment processing system lets customers pay invoices right from the messaging platform! Talk about convenience.

Podium's growth has been insane, with a 70% year-over-year revenue increase in 2024.

Considering their platform has facilitated over 1.5 billion business-customer interactions that year alone. They're seriously making waves across industries like healthcare, automotive, and professional services.

According to Jessica Jackson, CEO of a top healthcare provider,

"Podium has revolutionized our customer communication. Their platform has streamlined our processes, resulting in improved patient satisfaction and operational efficiency."

Sounds like a game-changer to me!

Check this out - Entrata is absolutely killing it in the property management game! Founded in 2003, they have been leveling up left and right.

They've got this insane all-in-one software platform that's optimized for managing all types of properties - from apartments to student housing and more. Here's the scoop:

Their Tech Stack is Stacked:

• Awesome property management software for marketing, leasing, operations, and accounting
• Slick resident portal and mobile app for smooth communication and payments
• Top-notch business intelligence and reporting tools to help you make data-driven decisions
• Integrations with over 50 proptech solutions for a unified ecosystem

Growth and Influence? They're Crushing It:

• Entrata's customer base is massive - over 20,000 apartment communities across the US
• In 2022, they processed a mind-blowing $25 billion in rent payments, like damn!
• They've tripled their workforce since 2019, now with over 2,000 employees
• Recognized as a market leader in the 2023 Proptech 100 ranking by HousingWire

"Entrata's innovative tech has completely transformed how we operate and vibe with our residents. Their platform streamlines our processes, boosts efficiency, and just takes the whole experience to the next level." - Joseph Thomas, Property Manager, Luxury Apartments

With their killer suite of solutions, rapid expansion, and industry recognition, Entrata is locked and loaded to maintain their position as a leading proptech game-changer in 2024 and beyond.

They're empowering property managers to deliver exceptional living experiences.

BambooHR has been thriving since they started in 2008. They are all about setting people free to do great work, and they've got some seriously awesome HR software to make that happen.

Their whole vibe is about streamlining all the HR processes so you can focus on the important stuff.

Their cloud-based platform is like a one-stop shop for everything HR-related.

We're talking applicant tracking to help you find the best talent, employee self-service portals to keep everyone in the loop, and even reporting and analytics to make data-driven decisions.

It's like having a personal HR assistant at your fingertips, minus the awkward small talk.

“Don’t just take my word for it. They have over 30,000 customers across 100 countries, including some major players like Tilt and Kau Tapen. Companies have reported cutting their onboarding time by 75% and slashing HR admin tasks in half – that's some serious time and money saved right there.”

Check this out! Lucid started in 2010 with a bold dream - to shake up how teams get creative and work together. Today, their flagship apps Lucidchart and Lucidspark are like productivity superheroes for professionals across different industries.

Lucidchart, their cloud-based diagramming tool, is a total game-changer for creating everything from wireframes to mind maps.

According to a recent survey, Lucidchart outshines heavy hitters like Microsoft Visio, scoring a whopping 97% for ease of use.

Lucidspark, their virtual whiteboard and collab canvas, is a total rockstar for real-time brainstorming and ideation.

With cool features like freehand drawing, sticky notes, and video conferencing, Lucidspark has powered over a billion collaboration sessions since its launch in 2020.

In today's remote-friendly world, Lucid's solutions are game-changers for keeping distributed teams connected, communicating seamlessly, and unleashing their creativity.

Lucid's growth has been off the charts – they reached a mind-blowing $3.5 billion valuation in 2022 and have over 30 million users worldwide.

Their commitment to innovation shines through their constant product upgrades, like AI-powered features for automatic drawing recognition and Lancer, a virtual assistant for Lucidspark.

As "the visual collaboration suite for teams," Lucid isn't just transforming how we design and collaborate – they're pioneering a more inclusive and productive way of working.

Divvy is one of the success stories of recent times. Founded in late 2016 by Blake Murray and Alex Bean, this startup from Lehi, Utah went from zero to a massive $2.3 billion exit in just 4.5 years! They got acquired by Bill.com mid-2021 when that company wanted to level up its game in corporate cards and expense management.

Divvy's platform is a gamechanger for businesses trying to get a handle on their finances.

It combines expense management software with a corporate card, giving real-time data on spending across the company. You get features like:

• Virtual cards for online purchases: Easily handle digital transactions with virtual cards.
• Automated expense reports: Enjoy no more manual entry, woohoo!
• Budgeting and spend-tracking tools: Keep things tight with efficient financial management.
• Seamless integration: Integrate smoothly with popular accounting apps.

Companies using Divvy have seen some crazy returns, with an average 382% ROI over 3 years and payback in under 6 months according to Forrester.

They're saving an average of $58,000 annually on expense management costs, which is just bonkers. A tech exec said:

"Divvy has revolutionized the way we manage our expenses...driving cost savings and boosting our bottom line."

Divvy is truly disrupting the game for small businesses, giving them pro-level financial tools on a startup budget.

Vivint's Smart Lighting just got crowned as the "Connected Home Product of the Year" for 2024! This award from the IoT Breakthrough folks is a big deal, and it's all thanks to their slick lighting system that makes your crib smarter and safer without any rewiring hassle.

We're talking seamless integration with Vivint's home automation and security features for elevated convenience and peace of mind.

Their Smart Lighting setup is no joke - you get smart light switches that stick to any wall, smart bulbs powered by Zigbee (compatible with most Zigbee bulbs too), and a dedicated bridge for reliable wireless communication.

Sarah Smith from IoT Breakthrough said Vivint tackled common smart lighting issues like relying on constant power sources, switch customization problems, and multiple apps.

That's what I call problem-solving!

Vivint's been killing it with their whole smart home game. Their comprehensive security systems, energy-efficient thermostats, and voice-controlled home automation features are setting new standards in the industry.

And with over 2 million customers across the US, they're proving that innovative tech and customer-focused service is a winning combo. Keep an eye on these guys - they're about to shake up the home automation world in a major way!

Homie is the real deal when it comes to buying and selling houses. These guys are flipping the script on the whole real estate game.

Founded in 2015, this Utah-based startup is leveraging tech to disrupt how we handle home transactions.

They're empowering buyers and sellers while cutting out the unnecessary costs.

Homie's secret sauce is their slick platform and mobile app that holds your hand through the entire process, from listing to closing.

They ditch the need for real estate agents and their hefty commissions, offering a way more transparent and affordable option. Studies show that homeowners can save up to $20,000 by using Homie instead of the traditional route.

It's not just about saving cash.

Homie's tech streamlines the whole experience, using data and AI to make transactions smoother than a fresh jar of Skippy. Their smart pricing algorithm analyzes the market to recommend the perfect listing price, increasing the chances of a quick sale.

They also automate the marketing game, syndicating your property across major platforms for maximum exposure. And let's not forget the dope 3D virtual tours that let potential buyers explore your crib without leaving the couch.

Homie's got your back too, providing access to real estate attorneys and transaction coordinators to ensure everything is legit from start to finish.

With over $1.5 billion in transactions across multiple states, it's clear this disruptive approach is resonating. Major investors have poured in $46 million, solidifying Homie's position as a heavyweight in the proptech world.

If you're looking to buy or sell, Homie is definitely worth checking out.

Tax season can be a total nightmare for accountants, but Canopy is the hip startup from Orem that's making life way easier.

Since 2017, they've been shaking things up with their solutions for simplifying tax management and streamlining accounting workflows, and they're only getting started.

Canopy's cloud-based platform is a game-changer, hooking accountants up with all the tools they need.

It's an absolute lifesaver when it comes to managing client docs – a task that used to suck up so much time. According to Canopy, firms using their software have cut down admin time by a whopping 60%, freeing up accountants to focus on the important stuff.

"Canopy doesn't stop at document management. Their full suite covers the entire accounting cycle, from tax prep and e-filing to client communication portals, workflow automation, and even invoicing. It's like having an all-in-one solution that streamlines your whole operation."

Canopy's impact is tremendous – they've already got over 15,000 accounting firms on board, from solo practitioners to massive corporations.

And they're just getting started. After raising a massive $73 million in Series C funding, they're gearing up to expand their offerings and cement their place as the go-to solution for accountants looking to level up their game.

Jolt is the operations management software that's gonna be huge in 2024.

These guys are all about making your work life smooth as butter. Founded in 2014, they've been cooking up some seriously rad solutions to help businesses crush it.

Their task management game is on point.

You can customize workflows to fit your biz like a glove. Jolt's got this smart AI thing that automatically assigns tasks to the right people based on their skills and workload.

No more guessing games! Plus, managers can keep tabs on project progress in real-time, so you can make moves before anything goes sideways.

Jolt is also a total boss when it comes to keeping your team pumped.

Their engagement tools are designed to make work feel like a party (minus the hangover). We're talking peer shoutouts, gamified goal-setting, and social collab features that'll have your crew feeling like one big, happy fam.

And the results speak for themselves - companies using Jolt saw a 27% boost in employee satisfaction and a 19% jump in retention rates.

That's what I call a win-win!

"Jolt has been a total game-changer for us. We're more organized, productive, and our team's morale is through the roof." - Elizabeth Harris, Operations Manager at TechCorp

So if you're looking to level up your operations in 2024, keep an eye on Jolt.

These innovators are serving up solutions that'll have your business running like a well-oiled machine, and your crew feeling like rock stars. It's a vibe.

Weave, the company based in Orem, Utah, is taking the game to the next level when it comes to helping small and medium businesses with their client communication game.

As 2024 rolls around, these guys are solidifying their spot as the real deal, dropping some seriously innovative products that make talking to customers a breeze.

At the heart of Weave's offerings, there's this communication platform that brings all the channels together – voice, text, email, live chat, you name it – into one slick interface.

It's like having a personal assistant that handles all your client interactions with finesse, ensuring a smooth and personalized experience every time. Recent stats show that Weave's platform has boosted customer satisfaction rates by a whopping 25% for small and medium businesses across various industries.

That's what I call a major level-up!

Weave isn't resting on their laurels; they're constantly pushing the envelope with updates like their analytics and reporting tools.

These give businesses the inside scoop on communication patterns, customer preferences, and areas that need some extra TLC. With this intel, SMEs can make smart moves, fine-tune their communication strategies, and ultimately crush it in terms of growth and customer loyalty.

It's like having a cheat code for success!

And here's where it gets really crazy – Weave is harnessing the power of AI and machine learning to take their game to new heights.

We're talking intelligent call routing, automated appointment reminders, and virtual assistants that make your life a whole lot easier. According to the industry buzz, integrating AI and ML has boosted productivity by a staggering 30% for Weave's clients.

Talk about a game-changer!

With the demand for top-notch customer service skyrocketing, Weave's solutions have become a must-have for small and medium businesses looking to stand out in the crowd.

One of their clients summed it up perfectly:

"Weave has revolutionized the way we communicate with our clients. Their seamless platform has not only streamlined our processes but has also elevated our customer service to new heights, fostering stronger relationships and driving business growth."

You can't argue with results like that!

Weave is loaded to keep their competitive edge sharp and continue shaping the future of client communication for SMEs in 2024 and beyond.

If you're looking to land a gig at one of the hottest startups in Orem, you'd better keep an eye on these guys!