Indian Billion Dollar Startups in USBy : CIOL Writers |March 21, 2016 0
According to a study by National Foundation for American Policy, a US-based non-profit, non-partisan public policy think tank, India leads the list of immigrant founders who have started billion dollar companies in the US. The study found that 14 Indian entrepreneurs have set up billion-dollar startups in US which are collectively valued at $19.6 billion.
India is followed by Canada & United Kingdom with eight entrepreneurs, Israel with seven, Germany with four and China with three entrepreneurs. The study reveals how robust immigration is driving American innovation industry.
It noted that immigrants have started more than half of US startups valued at $1 billion dollars or more and are key members of either management or product development teams in more than 70% of these companies.
These are the start-ups and their Indian origin founders who have made it to coveted list:-
Founded by JyotiBansal in 2008, with the vision to help modern enterprises go through digital transformation using “Application Intelligence”. It is an application performance management (APM) and IT Operations Analytics (ITOA) Company based in San Francisco. The company, with a valuation of $1 billion, focuses on managing the performance and availability of applications across cloud computing environments as well as inside the data center.
The current valuation of Zscaler is $1 billion, which was founded in 2007 by Jay Chaudhry. The startup provides automated threat forensics and dynamic malware protection against advanced cyber threats, such as advanced persistent threats and spear phishing for more than 6,000 corporate, government and military organizations and more than 15 million paying users.
Zenefits, founded by Laks Srini offers cloud-based software services to companies in managing their human resources, with a particular focus on helping them with health insurance coverage. It was named the fastest growing company in Silicon Valley in 2015 with a company valuation of $4.5 billion. The company serves more than 10,000 companies in 48 states, disrupting the $18 billion health insurance brokerage industry along the way.
Apoorva Mehta is the founder of Instacart which is an online grocery store. Founded in 2012, it was named as one of the most promising company by Forbes.com. The company valuation is at $2 billion with more than 300 employees.
Founded in 2001 by K R Sridhar and headquartered in Sunnyvale, California, Bloom Energy is a new class of distributed power generation, producing clean, reliable, affordable electricity at the customer site by converting fuel into electricity through a clean electrochemical process. The company valuation stands at $2.9 billion with 1,200 employees.
Mu Sigma is an Indian management consulting firm that primarily offers analytics services, founded by Dhiraj Rajaram. The company works with leading organizations across multiple industry verticals solving high impact business problems in key horizontals such as Marketing, Risk and Supply Chain. With more than 3,500 employees, company’s valuation is at $1.5 billion.
Founded by Jahangir Mohammed in 2004, Jasper is a Cloud-based software platform for Internet of Things. The platform is designed to help organizations launch, manage, and monetize the deployment of IoT worldwide to enable product businesses to become IoT service businesses. The current valuation of the company is $1.4 billion.
Mode Media founded by Raj Narayan and Samir Arora in 2004, is the largest privately held digital lifestyle media company with more than 10,000 lifestyle creators reaching over 400 Million unique users a month. Mode Media launched Mode.com, its new social consumer platform in April 2015 to provide personalized content and video stories to users that are curated by professional editors.
Sprinklr is a company that develops and markets a social software platform to provide social media marketing, social advertising, content management, collaboration, advocacy and social media monitoring for large enterprises. Founded in 2011 by Ragy Thomas, the current valuation of the company is $1.2 billion.
Nutanix is an American enterprise virtualization and storage company, founded in 2004 by Dheeraj Pandey, Mohit Aron and Ajeet Singh. Nutanix, valued at $2 billion, delivers enterprise computing and storage through the deployment of commodity computing servers.
Actifio – founded in 2009 by Ash Ashutosh is also a privately held information technology firm headquartered in Waltham, Massachusetts. The company specializes in copy data virtualization. Its products make information technology infrastructure more efficient and cost effective by reducing unnecessary duplication of data.