6 Unicorn Startups in Austria
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Loading... - Olive Cloutier
- 25 Jul 2024
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Austria is home to a thriving startup ecosystem with more than 11.2K startups. Among these, 6 have achieved unicorn status, each valued at over USD 1 billion. Here’s a closer look at these innovative and market-disruptive unicorns:
Here is a list of all 6 unicorns created in Austria:
1. TTTech Auto
TTTech Auto joined the Unicorn Club on Feb 03, 2022 after raising a $285M Series D funding round led by Aptiv, Audi, valuing it at $1B.
Innovative software and hardware solutions for autonomous driver assistance and mobility are provided by TTTech Auto. A software platform with an open integration platform and reusable software for automated driving and vehicle monitoring is one of their offerings. Additionally, they offer hardware solutions for automobiles, such as ECUs (Electronic Control Units) and display units, which have a significant impact on technological advancements in autonomous driving.
TTTech Auto located in Vienna, was founded in 2018 with European Investment Bank and Audi being its major investors.
2. GoStudent
GoStudent joined the Unicorn Club on Jun 22, 2021 after raising a $244M Series C funding round led by DST Global, valuing it at $1.67B.
GoStudent is an online tutoring platform tailored for K-12 students. It offers personalized tutoring in various subjects including Math, Physics, German, English, History, Biology, and Chemistry. The platform helps students connect with tutors to ask doubts, get feedback, and view chat history, providing a comprehensive educational support system. The app is available for both Android and iOS users, making quality education accessible to a wide audience.
GoStudent located in Vienna, was founded in 2016 with Miku Venutres and Deutsche being its major investors.
3. Bitpanda
Bitpanda joined the Unicorn Club on Mar 16, 2021 after raising a $170M Series B funding round led by Valar Ventures.
Bitpanda is a blockchain-based trading platform for cryptocurrencies. It allows users to transact in multiple digital currencies such as Bitcoin, Ethereum, Dash, Litecoin, Ripple, and Bitcoin Cash. Users can buy, sell, and trade these crypto assets through secure, encrypted networks. The platform is accessible on both iOS and Android devices, featuring current pricing lists, learning tutorials, and cryptocurrency swapping solutions, making it a robust tool for digital currency trading.
Bitpanda located in Vienna, was founded in 2014 with DST Global and Jump Capital being its major investors.
4. Copa-Data
Copa-Data, headquartered in Salzburg, is a pioneering company in the industrial automation software industry. Their zenon Software Platform is renowned for its adaptability to any hardware or software environment, making it a leader in industrial control systems. Copa-Data serves over 5,000 clients globally across diverse sectors, including pharmaceuticals, energy, and automotive, making it the sole unicorn in the Salzburg region.
5. Tricentis
Tricentis, originally headquartered in Vienna but now in Austin in Texas, is a key player in the SaaS sector, focusing on automating software testing. Their product, Tricentis Tosca, has transformed enterprise quality engineering by enhancing performance and accelerating IT project delivery. The company secured a substantial $165 million Series B funding in 2017, further cementing its status as a unicorn. Tricentis continues to lead in the field of software testing automation, impacting enterprise development teams worldwide.
Tricentis was founded in 2007.
6. Loxone
Loxone is headquartered in Kollerschlag and became a Unicorn in 2022.
Loxone a leader in smart home technology, offering automation solutions that enhance building safety, efficiency, and comfort. With over 500 employees and around 100 products, Loxone's innovations are now a staple in every fourth new home in Austria. Their significant influence in the intelligent building solutions sector showcases their growth and unicorn status.
Austria is ranked 30th globally in Unicorns created. Austria's unicorns are making significant impacts in their respective fields, from autonomous driving technologies and online education to cryptocurrency trading. These companies not only highlight the innovative potential within Austria but also contribute to the country's growing reputation in the global startup ecosystem.
