Procore: Reconstructing the construction business
Procore CEO Tooey Courtemanche
Valuation: $3 billion
Total raised to date: $306.5 million
Year founded: 2003
HQ: Carpinteria, CA
What it does: Provides software to manage construction projects.
Why it’s hot: Procore is one of the more established companies on this list, with about 1,300 employees and 5,000 customers. But it found its stride with venture investors in the past few years. In 2018, it raised a new $75 million round which valued the company at $3 billion. And rumor has it, next stop is an IPO.
Snowflake: more than doubled its valuation to $3 billion in 9 months
Snowflake Computing CEO Bob Muglia
Valuation: $3.95 billion
Total raised to date: $922.95 million
Year founded: 2012
HQ: San Mateo, CA
What it does: Snowflake is a cloud-based data warehouse, which lets companies sift through data stored in their favorite cloud to find answers to business questions.
Why it’s hot: CEO Bob Muglia rose to fame in the tech industry as a top Microsoft exec. Under Muglia, Snowflake has raised massive amounts of venture funding and, in nine months, doubled its valuation to $3.5 billion.