12 hot enterprise tech startups to watch in 2021

The enterprise tech startup sector is packed with companies capitalizing on growing demand — even amid the disruptions caused by the pandemic — for tools in the world of big data, devops, cloud, mobility, the internet of things and cybersecurity. 

According to Gartner, global IT spending is expected to grow by 6.2% this year, with total spending  projected to hit $3.9 trillion. The unprecedented acceleration of digital transformation in 2020 to satisfy the move to remote work, changes to education and new social norms presented by lockdowns has largely offset the early hit to IT spending caused by the COVID-19 outbreak.

(A report by Crunchbase showed that global venture funding in the first half of 2020 was down about 6% compared to 2019, totalling $130 billion — the lowest figure recorded since 2017.)

Despite a rocky year, funding hotspots emerged from during the pandemic, with Massachusetts in the US, India, Indonesia, Israel, Australia and New Zealand, France, Belgium, and Brazil all reporting above average levels of funding.

“COVID-19 has shifted many industries’ techquilibrium,” said John-David Lovelock, distinguished research vice president at Gartner. “Greater levels of digitalization of internal processes, supply chain, customer and partner interactions, and service delivery is coming in 2021, enabling IT to transition from supporting the business to being the business. The biggest change this year will be how IT is financed, not necessarily how much IT is financed.” 

In this list, we highlight some of the hottest startups building software and services aimed at large enterprise customers, who their customers are, their funding so far and how close they might be to  initial public offerings (IPOs) in 2021. 

Copyright © 2021 IDG Communications, Inc.