Since 2020, a dynamic wave of IT startups has emerged, blending deep tech expertise with bold ideas to solve tomorrow’s digital challenges. These 20 innovators have each secured $5M to $10M in funding to build smarter, faster, and more secure solutions across cloud computing, AI, cybersecurity, and enterprise software.
Backed by fresh capital, they’re scaling rapidly, rewriting the rules of IT with cutting-edge platforms and agile development.
Meet the Future of IT – 20 Startups That Raised $5M-$10M in Funding
Meet the new IT players building the future of technology—one breakthrough at a time.
| Company | Founded | Location | Number of Employees | Last Funding Amount (M) | Last Funding Date | Total Funding Amount (M) |
|---|---|---|---|---|---|---|
| Alium | 2020 | New York, NY | 1-10 | $7.0M | Jan 15, 2025 | $7.0M |
| Klasha | 2021 | San Francisco, CA | 51-100 | $2.0M | Oct 16, 2024 | $6.82M |
| Hyphen AI, Inc | 2024 | Seattle, WA | 1-10 | $5.0M | Mar 1, 2024 | $5.0M |
| Flume | 2020 | New York, NY | 1-10 | $3.5M | Dec 6, 2024 | $8.71M |
| Swap Labs | 2022 | Dover, DE | 1-10 | $7.59M | Feb 6, 2024 | $7.59M |
| Zocks | 2022 | San Francisco, CA | 11-50 | $5.5M | Feb 15, 2024 | $5.5M |
| SimpleClosure | 2023 | Los Angeles, CA | 11-50 | $4.0M | Feb 27, 2024 | $5.5M |
| SiftHub | 2023 | San Francisco, CA | 11-50 | $5.5M | Apr 3, 2024 | $5.5M |
| Navix | 2021 | Minnetonka, MN | 11-50 | $4.73M | May 7, 2024 | $9.73M |
| Wilya | 2021 | Mechanicsburg, PA | 11-50 | $4.0M | Jun 24, 2024 | $5.5M |
| Tildei | 2022 | New York, NY | 1-10 | $6.0M | Oct 8, 2024 | $6.0M |
| Jacobi Robotics | 2022 | Berkeley, CA | 1-10 | $5.0M | Jul 11, 2024 | $5.0M |
| Roamless | 2023 | Wilmington, DE | 11-50 | $5.0M | Jun 13, 2024 | $7.6M |
| OpenLayer | 2023 | Sunnyvale, CA | 1-10 | $5.0M | Nov 19, 2024 | $5.5M |
| Paylode | 2020 | Miami, FL | 11-50 | $5.5M | Mar 12, 2024 | $8.0M |
| Diagon Technologies | 2023 | San Francisco, CA | 1-10 | $5.1M | April 17, 2024 | $5.1M |
| Platformatic | 2022 | San Francisco, CA | 1-10 | $4.3M | Sep 24, 2024 | $7.8M |
| Stanly | 2022 | Los Angeles, CA | 11-50 | $8.0M | June 12, 2024 | $8.0M |
| MirrorTab | 2021 | San Francisco, CA | 1-10 | $8.3M | Nov 14, 2024 | $8.3M |
| MOTORMIA | 2023 | Scottsdale, AZ | 11-50 | $8.0M | Oct 31, 2024 | $8.0M |
1. Alium
- Founded: 2020
- Location: New York, New York, USA
- Industry: Information Technology, Marketing, Software
- Number of Employees: 1-10
- Last Funding Amount: $7M (Latest Round: January 15, 2025)
- Total Funding Amount: $7M
Alium is a dynamic technology company based in New York, specializing in developing innovative software solutions for the IT and marketing sectors. With a focus on delivering cutting-edge tools, Alium aims to help businesses enhance their marketing strategies, optimize customer engagement, and improve operational efficiency. The company’s small yet highly skilled team is dedicated to providing unique solutions that address the evolving needs of the digital marketing landscape.
By leveraging the latest advancements in technology, Alium strives to empower companies to thrive in a competitive, fast-paced market. Despite its modest size, Alium’s potential to disrupt the IT and marketing industries is significant, offering scalable solutions designed to drive growth and success.
2. Klasha
- Founded: May 21, 2021
- Location: San Francisco, California, USA
- Industry: Information Technology, Payments
- Number of Employees: 51-100
- Last Funding Amount: $2M (Latest Round: October 16, 2024)
- Total Funding Amount: $6.82M
Klasha is a forward-thinking technology company based in San Francisco, specializing in providing payment solutions for businesses. Focused on simplifying cross-border payments, Klasha offers innovative services designed to bridge the gap between African markets and global e-commerce platforms.
The company aims to empower businesses by enabling seamless transactions, making it easier for companies to reach international customers. With a growing team and a strong focus on expanding payment solutions, Klasha is positioning itself as a key player in the payments industry, helping businesses scale and operate more efficiently in global markets.
3. Hyphen AI, Inc
- Founded: January 10, 2024
- Location: Seattle, Washington, USA
- Industry: Information Technology, Software
- Number of Employees: 1-10
- Last Funding Amount: $5M (Latest Round: March 1, 2024)
- Total Funding Amount: $5M
Hyphen AI, Inc. is a technology startup based in Seattle, Washington, specializing in innovative software solutions powered by artificial intelligence. The company focuses on building cutting-edge tools designed to streamline business processes and enhance productivity using AI-driven technology.
Despite its small team, Hyphen AI has positioned itself as a leader in developing AI applications that address real-world challenges, helping organizations optimize operations and make data-driven decisions. With a clear focus on software innovation, Hyphen AI is well on its way to transforming industries through the power of artificial intelligence.
4. Flume
- Founded: May 26, 2020
- Location: New York, New York, USA
- Industry: Information Technology, Internet, Internet of Things (IoT)
- Number of Employees: 1-10
- Last Funding Amount: $3.5M (Latest Round: December 6, 2024)
- Total Funding Amount: $8.71M
Flume is a pioneering technology company based in New York, focused on delivering innovative solutions in the Internet of Things (IoT) space. The company specializes in developing cutting-edge internet-based technologies that help consumers and businesses optimize their water management systems. With a small but passionate team, Flume is committed to creating smart products that provide real-time data, helping users monitor and manage their water usage effectively. Flume’s products are designed to increase efficiency and sustainability in water consumption, making them essential in today’s environmentally conscious world.
5. Swap Labs
- Founded: 2022
- Location: Dover, Delaware, USA
- Industry: Information Technology, SaaS, Software
- Number of Employees: 1-10
- Last Funding Amount: $7.6M (Latest Round: February 6, 2024)
- Total Funding Amount: $7.6M
Swap Labs is a forward-thinking SaaS company based in Dover, Delaware, focused on developing innovative software solutions to enhance business operations. With a specialization in software-as-a-service (SaaS), Swap Labs aims to streamline workflows, automate processes, and provide scalable solutions for businesses of all sizes. Despite its small team, the company is rapidly making an impact by delivering cutting-edge tools designed to improve efficiency and drive digital transformation. With strong financial backing and a commitment to innovation, Swap Labs is positioning itself as a key player in the SaaS industry.
6. Zocks
- Founded: 2022
- Location: San Francisco, California, USA
- Industry: Information Technology, Software
- Number of Employees: 11-50
- Last Funding Amount: $5.5M (Latest Round: February 15, 2024)
- Total Funding Amount: $5.5M
Zocks is a technology company based in San Francisco, specializing in cutting-edge software solutions designed to enhance business efficiency and digital transformation. The company focuses on developing innovative tools that leverage automation, data analytics, and AI to streamline operations for modern businesses. With a skilled team and a commitment to technological advancement, Zocks is rapidly emerging as a key player in the software industry. By providing scalable and intelligent solutions, the company aims to help organizations optimize their workflows, improve decision-making, and stay competitive in an increasingly digital world.
7. SimpleClosure
- Founded: 2023
- Location: Los Angeles, California, USA
- Industry: Information Technology, Internet
- Number of Employees: 11-50
- Last Funding Amount: $4M (Latest Round: February 27, 2024)
- Total Funding Amount: $5.5M
SimpleClosure is a Los Angeles-based technology company focused on streamlining business processes through innovative internet-based solutions. The company specializes in simplifying complex administrative and operational tasks for modern businesses, providing seamless automation and efficiency. With a dedicated team and a vision to redefine digital workflows, SimpleClosure is committed to helping companies optimize their operations. By leveraging cutting-edge technology, the company aims to offer scalable solutions that enhance productivity and reduce the burden of managing intricate business processes.
8. SiftHub
- Founded: 2023
- Location: San Francisco, California, USA
- Industry: Information Technology, Internet
- Number of Employees: 11-50
- Last Funding Amount: $5.5M (Latest Round: April 3, 2024)
- Total Funding Amount: $5.5M
SiftHub is a San Francisco-based technology company focused on developing advanced internet solutions that enhance digital efficiency and automation. The company specializes in streamlining data processing, improving online workflows, and providing businesses with intelligent tools for managing vast amounts of information. With a dedicated team and a strong focus on innovation, SiftHub is committed to helping organizations optimize their online operations. By leveraging cutting-edge technology, SiftHub aims to deliver scalable and intuitive solutions that drive productivity and transform the digital landscape.
9. Navix
- Founded: June 21, 2021
- Location: Minnetonka, Minnesota, USA
- Industry: Information Technology, Logistics
- Number of Employees: 11-50
- Last Funding Amount: $4.73M (Latest Round: May 7, 2024)
- Total Funding Amount: $9.73M
Navix is a technology company based in Minnetonka, Minnesota, specializing in logistics and supply chain optimization. The company focuses on leveraging advanced technology to streamline transportation, warehouse management, and delivery processes. By integrating smart automation and data-driven solutions, Navix aims to help businesses enhance operational efficiency, reduce costs, and improve overall supply chain performance. With a team of logistics and IT experts, Navix is dedicated to transforming the way companies manage and optimize their logistics operations in an increasingly digital world.
10. Wilya
- Founded: August 2021
- Location: Mechanicsburg, Pennsylvania, USA
- Industry: Information Technology, Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: $4M (Latest Round: June 24, 2024)
- Total Funding Amount: $5.5M
Wilya is a technology company based in Mechanicsburg, Pennsylvania, specializing in innovative solutions for the manufacturing sector. By leveraging advanced software and automation, Wilya helps manufacturers optimize production workflows, improve efficiency, and reduce operational costs. The company’s technology is designed to enhance workforce management, streamline supply chains, and integrate data-driven insights into industrial operations. With a dedicated team and a strong focus on digital transformation, Wilya is driving the future of smart manufacturing and industrial optimization.
11. Tildei
- Founded: 2022
- Location: New York, New York, USA
- Industry: Information Technology, Marketing
- Number of Employees: 1-10
- Last Funding Amount: $6M (Latest Round: October 8, 2024)
- Total Funding Amount: $6M
Tildei is a New York-based technology company specializing in marketing automation and digital engagement solutions. The company focuses on developing innovative tools that help businesses enhance customer interactions, optimize marketing campaigns, and improve overall brand engagement. By leveraging AI-driven analytics and automation, Tildei enables companies to streamline their marketing strategies and drive measurable results. With a small but highly skilled team, Tildei is committed to transforming the way businesses connect with their audiences in an increasingly digital world.
12. Jacobi Robotics
- Founded: 2022
- Location: Berkeley, California, USA
- Industry: Information Technology, Robotics
- Number of Employees: 1-10
- Last Funding Amount: $5M (Latest Round: July 11, 2024)
- Total Funding Amount: $5M
Jacobi Robotics is a Berkeley-based technology company focused on advancing robotic automation through cutting-edge AI and machine learning. The company specializes in developing intelligent robotic systems designed to improve efficiency and precision across various industries. By leveraging real-time data processing and adaptive learning algorithms, Jacobi Robotics aims to create scalable solutions that enhance industrial automation, manufacturing, and logistics. With a highly skilled team dedicated to innovation, Jacobi Robotics is at the forefront of transforming robotics for the future of smart automation.
13. Roamless
- Founded: 2023
- Location: Wilmington, Delaware, USA
- Industry: Information Technology, Software
- Number of Employees: 11-50
- Last Funding Amount: $5M (Latest Round: June 13, 2024)
- Total Funding Amount: $7.6M
Roamless is a Wilmington-based software company focused on revolutionizing digital connectivity through advanced software solutions. The company specializes in creating seamless, user-friendly platforms that enhance remote work, communication, and digital accessibility. By leveraging automation and AI-driven tools, Roamless helps businesses and individuals stay connected without geographical limitations. With a mission to simplify digital interactions and improve user experiences, Roamless is rapidly gaining recognition as an innovative force in the tech industry.
14. OpenLayer
- Founded: 2023
- Location: Sunnyvale, USA
- Industry: Information Technology
- Number of Employees: 1-10
- Last Funding Amount: $5M (Latest Round: November 19, 2024)
- Total Funding Amount: $5.5M
OpenLayer is a Sunnyvale-based technology company specializing in building advanced AI and machine learning infrastructure. The company focuses on developing scalable, high-performance solutions that help businesses optimize their data processing, enhance automation, and streamline AI-driven workflows. By leveraging cutting-edge algorithms and cloud-based architectures, OpenLayer aims to make AI more accessible and efficient for enterprises of all sizes. With a small but highly skilled team, OpenLayer is dedicated to pushing the boundaries of innovation in artificial intelligence.
15. Paylode
- Founded: 2020
- Location: Miami, USA
- Industry: Information Technology
- Number of Employees: 11-50
- Last Funding Amount: $5.5M (Latest Round: March 12, 2024)
- Total Funding Amount: $8M
Paylode is a Miami-based technology company specializing in financial technology solutions. The company focuses on creating seamless and efficient payment processing systems designed to simplify financial transactions for businesses and consumers. With a focus on security, scalability, and speed, Paylode aims to offer solutions that meet the evolving needs of the digital economy. By leveraging the latest advancements in payment processing technology, Paylode is helping companies improve their financial operations and enhance their payment experiences.
16. Diagon Technologies
- Founded: 2023
- Location: San Francisco, California, USA
- Industry: Information Technology, Manufacturing, Supply Chain Management
- Number of Employees: 1-10
- Last Funding Amount: $5.1M (Latest Round: April 17, 2024)
- Total Funding Amount: $5.1M
Diagon Technologies is a San Francisco-based tech company focused on revolutionizing supply chain management with advanced artificial intelligence and machine learning. The company offers innovative solutions that streamline manufacturing processes, enhance logistics, and optimize the entire supply chain. By utilizing intelligent automation and real-time data analytics, Diagon Technologies empowers businesses to improve efficiency, reduce costs, and enhance decision-making in supply chain operations. With a mission to transform industries through cutting-edge technology, Diagon is positioned to lead in the digital transformation of manufacturing and supply chains.
17. Platformatic
- Founded: 2022
- Location: San Francisco, USA
- Industry: Information Technology
- Number of Employees: 1-10
- Last Funding Amount: $4.3M (Latest Round: September 24, 2024)
- Total Funding Amount: $7.8M
Platformatic is a San Francisco-based technology company specializing in providing developers with next-gen software solutions. The company focuses on offering high-performance platforms that enable seamless integration, automation, and scaling for modern web applications. By leveraging cloud-native technologies and developer-friendly tools, Platformatic helps businesses accelerate their application development cycles, improve operational efficiency, and simplify deployment. With a strong commitment to innovation and a developer-centric approach, Platformatic is helping to reshape the way developers build and scale applications.
18. Stanly
- Founded: 2022
- Location: Los Angeles, USA
- Industry: Information Technology
- Number of Employees: 11-50
- Last Funding Amount: $8M (Latest Round: June 12, 2024)
- Total Funding Amount: $8M
Stanly is a Los Angeles-based technology company specializing in innovative software solutions that enhance digital communication and business operations. The company offers a platform designed to streamline workflows, improve team collaboration, and boost productivity. By providing intelligent automation tools and real-time analytics, Stanly helps businesses optimize their internal processes and better manage client relationships. With a focus on simplicity and user-centric design, Stanly is transforming how companies operate in the digital age.
19. MirrorTab
- Founded: 2021
- Location: San Francisco, USA
- Industry: Information Technology
- Number of Employees: 1-10
- Last Funding Amount: $8.3M (Latest Round: November 14, 2024)
- Total Funding Amount: $8.3M
MirrorTab is a San Francisco-based technology company focused on revolutionizing digital interactions and information management. The company specializes in developing intelligent tools that enhance user productivity and improve collaboration through seamless integration with digital platforms. MirrorTab’s innovative approach offers users the ability to streamline their workflow and increase efficiency by providing real-time data insights and personalized information management solutions. With a focus on simplicity and user experience, MirrorTab is shaping the future of digital workspace technology.
20. MOTORMIA
- Founded: 2023
- Location: Scottsdale, USA
- Industry: Information Technology
- Number of Employees: 11-50
- Last Funding Amount: $8M (Latest Round: October 31, 2024)
- Total Funding Amount: $8M
MOTORMIA is a Scottsdale-based technology company specializing in the automotive industry. The company focuses on providing innovative solutions that integrate cutting-edge technologies to optimize vehicle performance, improve diagnostics, and streamline fleet management. With a focus on data-driven insights, MOTORMIA empowers businesses and individuals to make smarter decisions and enhance the overall driving experience. By leveraging AI and machine learning, MOTORMIA is paving the way for smarter, more efficient automotive technology.
Conclusion
The 20 IT startups founded after 2020 and backed by $5M–$10M in funding are redefining the digital frontier. With innovation at their core, these rising ventures are solving modern tech challenges—from cybersecurity and cloud infrastructure to automation and AI-driven platforms. Their success not only reflects investor confidence but signals a promising shift toward smarter, more scalable solutions that power the next generation of global technology.
FAQs
Q. How can investors identify the most promising IT startups?
Answer: Investors typically look for companies with a clear vision, strong leadership, and a scalable business model. It’s also important to consider the startup’s potential market, the uniqueness of their technology, and their ability to execute and adapt as the market evolves.
Q. How can business leaders leverage the solutions offered by these startups?
Answer: Business leaders can explore partnerships, integrations, or even acquisitions of promising startups to stay ahead of the curve. By leveraging the advanced technologies offered by these startups, companies can enhance their efficiency, improve security, and gain a competitive advantage in their respective industries.
Q. How can I stay updated on the latest trends in IT startups?
Answer: To stay informed, follow industry blogs, attend tech conferences, and join startup accelerators or investment networks. Social media platforms and startup incubators are also great resources for discovering new and emerging companies in the tech space.