Top Fast Growing Businesses in Somerville [2024]

Top Startups

Have you ever wondered who is on the list of companies with the highest growth rates in Somerville?

You’re not alone.

There are hundreds of companies founded there, and it can be challenging to keep track of the hottest new businesses.

But don’t worry, we’ve got you covered. Here are the top 7 fast-growing businesses in Somerville that have top-tier venture capital funding.

Top 7 Fastest-Growing Businesses In Somerville

1) Formlabs

Formlabs creates easy-to-use 3D fabrication tools for producing complex figures.

Details of this business:

  • Started in: 2011
  • Founders: David Cranor, Maxim Lobovsky, Natan Linder
  • Industries: 3D Printing, 3D Technology, Consumer Electronics, Hardware
  • Number of employees: 501-1000
  • Funding amount: $253,699,968
  • Number of funding rounds: 9
  • Number of investors: 24

You can find their website here.

2) Recorded Future

Recorded Future is the world’s leading provider of enterprise security intelligence.

Details of this business:

  • Started in: 2009
  • Founders: Christopher Ahlberg, Erik Wistrand, Jan Sparud, Staffan Truve
  • Industries: Analytics, Cyber Security, Real Time, Software
  • Number of employees: 501-1000
  • Funding amount: $57,900,000
  • Number of funding rounds: 6
  • Number of investors: 8

You can find their website here.

3) VIA

VIA uses Artificial Intelligence (AI) and Blockchain to assist energy firms understand the value of their data.

Details of this business:

  • Started in: 2016
  • Founders: Colin Gounden, Jeremy Taylor, Kate Ravanis
  • Industries: Analytics, Artificial Intelligence, Blockchain, Machine Learning, Predictive Analytics
  • Number of employees: 11-50
  • Funding amount: $19,000,000
  • Number of funding rounds: 4
  • Number of investors: 5

You can find their website here.

4) SmartBear

SmartBear is a software development and testing company that specializes in enterprise applications.

Details of this business:

  • Started in: 2009
  • Founders: Jason Cohen
  • Industries: Cloud Computing, Developer APIs, Information Technology, iOS, Software
  • Number of employees: 251-500
  • Funding amount: $24,968,750
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

5) Form Energy

Form Energy is working on a low-cost battery technology that can store wind and solar energy for extended periods of time.

Details of this business:

  • Started in: 2017
  • Founders: Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford, Yet-Ming Chiang
  • Industries: Battery, Energy, Energy Storage, Environmental Engineering, Renewable Energy
  • Number of employees: 101-250
  • Funding amount: $125,000,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

6) Kula Bio

Kula Bio is a corporation that provides modern agriculture with long-term biological solutions.

Details of this business:

  • Started in: 2018
  • Founders: Daniel G. Nocera, Kelsey Sakimoto, Xiaowen Feng
  • Industries: Agriculture, Biotechnology, Farming, Food and Beverage
  • Number of employees: 11-50
  • Funding amount: $22,128,761
  • Number of funding rounds: 5
  • Number of investors: 14

You can find their website here.

7) RightHand Robotics

RHR is a market leader in providing end-to-end e-commerce order fulfillment solutions for electronics, clothes, and groceries.

Details of this business:

  • Started in: 2014
  • Founders: Yaro Tenzer
  • Industries: E-Commerce, Information Technology, Robotics, Supply Chain Management
  • Number of employees: 11-50
  • Funding amount: $34,316,130
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

FAQs

What Is The Average Investment In Somerville?

The average startup investment in Somerville is $1.5 million.

Is Somerville A Good State To Start A Business?

Somerville does have a number of factors that make it a good place to start a business, including a strong economy, a highly educated workforce, and a supportive business community. Additionally, the city of Somerville offers a number of resources and programs to help businesses get started and grow.

How Many Businesses Are There In Somerville?

There are over 100 startup companies in Somerville.

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