Discover 20 New Companies to Watch in 2024

What are emerging companies up to in 2024? This article explores 20 new companies to watch! They are deploying viscous lithography-based 3D printing to make complex industrial components with precision. Others are offering roadways that generate solar power—a cross between energy and transportation infrastructure that harnesses sunlight from congested areas.

Also featured are advancements in autonomous car sensor integration that improve vehicle intelligence for safer autonomous navigation. Companies in healthcare are leveraging advanced analytics for breast cancer biomarker detection Moreover, battery-less offshore energy storage solutions utilize natural energy gradients, while new techniques in industrial heat decarbonization reduce carbon footprints. We last updated this report 5 days ago. Notice something that’s not right? Let’s fix it together.

Keep reading to gain up-to-date and data-driven insights on:

• Profiles of 20 New Companies to Watch Out For
• How to Scout Emerging Companies Easily

 

 

Key Takeaways

Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of various industries. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:

• Latest Trends: Some of the major technological trends driving new companies are AI, the Internet of Things (IoT), 3D printing, advanced data analytics, and biometrics.
• Industry Statistics: Out of the 4.7+ million companies, 754K were founded in the last five years and each of these companies employs roughly 51 people on average. Further, during the same period, these companies got an average of USD 547 million in investment.
• 20 Top New Companies to Watch:
  1. 1. Supernova – Viscous Lithography-based 3D Printing
     2. Odosolis – Solar Power Generating Roads
     3. RoshAi – Autonomous Car Sensor Integration
     4. SPACE-SHIP – AI-based Maritime Predictive Analytics
     5. Atlas Materials – Low-emission Nickel Processing
     6. Blue Light Maps – Navigation for Frontline Responders
     7. Digistain – Breast Cancer Biomarker Analytics
     8. Vytas – High Purity Quartz & Green Hydrogen
     9. OmniMod – Modular Warehouse Automation Solution
     10. FLASC – Battery-less Offshore Energy Storage
     11. EXOM – Astronaut Protection & Wellbeing
     12. Agritrack – Advanced Food Traceability
     13. RevIoT – IoT-based Asset Tracking
     14. Heatrix – Industrial Heat Decarbonization
     15. KiarX – Mines Management Platform
     16. Plexa – Construction Management Software
     17. Shelfgram – Retail Insights Platform
     18. thinker automata – Digital Twin-based Asset Management
     19. SILENTSYS – Ultralow Noise System
     20. Roxanne.ai – Smart City Virtual Assistant

Discover 20 Emerging Companies to Watch in 2024

In this section, we highlight 20 new companies to watch in 2024. They are developing novel 3D printing technologies for advanced manufacturing and food traceability systems for ensuring supply chain integrity. Some companies are enhancing customer interactions with AI-based chatbots while others are leveraging digital twins and IoT-based asset management to optimize operations. In addition, they focus on green hydrogen production to facilitate cleaner energy sources and employ predictive analytics to forecast industry and market trends. Read on to explore more such companies and learn how their solutions will enhance your business!

Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.

1. Supernova

• Founding Year: 2024
• Employee Range: 11-50
• Location: Spain
• Signal Strength: Medium
• What they do: Supernova uses viscous lithography manufacturing (VLM) to 3D print various functional parts. Unlike traditional methods limited by resin viscosity, VLM employs a laminate-and-cure approach. The process involves depositing a high-viscosity resin precisely onto a transparent film before transferring it to the build platform. Here, a light source cures the resin and solidifies it into a designated layer. This process repeats multiple times and builds the desired object layer by layer. Supernova’s VLM results in elastomers for elasticity and energy return, rigid materials for strength and heat resistance, and biocompatible materials for medical applications. The company enables manufacturers in the transportation, defense, healthcare, and footwear industries to produce complex parts more conveniently.

2. Odosolis

• Founding Year: 2023
• Employee Range: 2-10
• Location: USA
• Signal Strength: Weak
• What they do: Odosolis makes Odosolis Bead, a micro renewable-energy device that uses infrared light for power generation. This bead incorporates micro-sized solar technology and is deployable on various surfaces. It uses conventional road-surfacing techniques that allow for implementation on multiple surfaces, including roads, runways, and sidewalks. Odosils thus convert road networks into energy-generating avenues and enable sustainable infrastructure.

3. RoshAi

• Founding Year: 2021
• Employee Range: 11-50
• Location: USA
• Signal Strength: Medium
• What they do: RoshAi simplifies sensor integration in autonomous vehicles. Its product, AutoDrive, features modular sensor racks that are configurable to accommodate a variety of LiDAR, camera, and radar sensors required for self-driving cars. AutoDrive‘s non-invasive wiring harnesses minimize disruption to a vehicle’s electrical system. Additionally, the company provides software tools for sensor calibration, data acquisition, and driving simulation. This way, RoshAi enables manufacturers to streamline the development and testing phases of their autonomous vehicles, accelerating self-driving car deployment.

4. SPACE-SHIP

• Founding Year: 2023
• Employee Range: 2-10
• Location: Germany
• Signal Strength: Medium
• What they do: SPACE-SHIP leverages space-based data and AI to provide real-time maritime analytics. Its platform, ARRIVAL-X, utilizes AI algorithms and real-time data sources like Galileo and AIS to predict ship arrival times. Through the analysis of variables such as ship type, traffic conditions, and historical data, port authorities, shipping lines, and other stakeholders limit environmental impact, optimize operations, and reduce congestion. The platform features customizable arrival predictions tailored to specific ports, global vessel tracking through satellite AIS partnerships, and alerts for potential delays. Thus, by reducing port congestion and dwell time, and enhancing situational awareness, SPACE-SHIP improves port efficiency and decreases carbon emissions.

5. Atlas Materials

• Founding Year: 2021
• Employee Range: 2-10
• Location: USA
• Signal Strength: Very Strong
• What they do: Atlas Materials enables low-emission nickel processing. Its technology uses a low-temperature, water-based process for nickel extraction from low-grade ore. This aqueous process circumvents the high-heat, high-emission smelting traditionally used to reduce greenhouse gas emissions. Moreover, it incorporates a closed-loop design to minimize water usage and maximize resource recovery. The company’s first plant, Electra, produces clean nickel and captures emissions from other industries through its byproducts. Atlas Materials thus benefits battery manufacturers and electric vehicle producers by providing a sustainable solution for the critical battery material.

6. Blue Light Maps

• Founding Year: 2022
• Employee Range: 2-10
• Location: UK
• Signal Strength: Very Strong
• What they do: Blue Light Maps develops a mobile navigation app for first responders. The app utilizes routing algorithms that factor in exemptions for emergency vehicles, like using bus lanes or disregarding turn restrictions. This increases response times for police, fire, and ambulance crews. Further, it allows ambulance drivers to select routes that avoid speed bumps to minimize patients’ discomfort during transportation. The app’s integration with What3Words, a geocoding system using three-word addresses, facilitates faster identification of the exact location of emergencies where traditional street numbers are difficult to see. Additionally, Blue Light Maps incorporates street view imagery into the app, allowing responders to virtually preview the scene before arrival and plan their approach accordingly.

7. Digistain

• Founding Year: 2019
• Employee Range: 11-50
• Location: UK
• Signal Strength: Very Strong
• What they do: Digistain streamlines treatment decisions for hormone receptor-positive breast cancer with its Digistain test. It analyzes patient tissue samples using a proprietary biomarker analysis process. Digistain focuses on a specific group of biomarkers to predict the likelihood of cancer recurrence after surgery. This information enables oncologists to personalize treatment plans and reduce the need for aggressive chemotherapy for patients with a low risk of recurrence. Further, the Digistain test delivers results within a few days. This enables a faster and more targeted approach to breast cancer treatment.

8. Vytas

• Founding Year: 2020
• Employee Range: 11-50
• Location: Australia
• Signal Strength: Medium Strong
• What they do: Vytas utilizes a low-temperature process to create ultra-high purity quartz (UHPQ) for solar panels. This minimizes impurities and imperfections while enabling more efficient conversion of sunlight into electricity. It also offers on-demand green hydrogen production using its carbon-free nano-porous silicon and the process requires only water as feedstock. This eliminates the need for storage and logistics associated with traditional hydrogen production, making it safer and more sustainable. Additionally, Vytas refines silicon metal into silane, an important component for various electronic components within the renewable energy sector. Vytas thus enables manufacturers to create more efficient solar panels, longer-lasting batteries, cleaner hydrogen production methods, and more sustainable electronics.

9. OmniMod

• Founding Year: 2020
• Employee Range: 11-50
• Location: Norway
• Signal Strength: Strong
• What they do: Omnimod offers a modular warehouse automation solution, OmniSystem. This system integrates self-learning software with interchangeable hardware units, OmniUnits. The software uses machine learning algorithms, including a graph neural network (GNN), to analyze real-time data on parcel size, weight, and destination. This analysis guides the software’s multi-agent reinforcement learning algorithm to optimize parcel movement through the warehouse. OmniUnits, which feature the company’s patented actuation technology, physically sort and sequence parcels in any direction. The solution’s modular design also allows for flexible system configuration using multiple OmniUnits to create OmniModules, and then combining these into the scalable OmniSystem. This enables efficient handling of various logistics tasks, from put-away and retrieval to sorting and sequencing, regardless of warehouse layout.

10. FLASC

• Founding Year: 2020
• Employee Range: 2-10
• Location: Netherlands
• Signal Strength: Very Strong
• What they do: FLASC develops a hydro-pneumatic energy storage (HPES) solution for offshore wind farms. It utilizes a pressurized seawater chamber and a compressed air chamber to capture excess energy and convert it to hydraulic power to pressurize the seawater. This allows offshore wind developers to store wind energy during low-demand periods and deliver it when the grid needs it. During energy release, the pressurized seawater drives turbines to generate electricity. HPES solution’s pneumatic pre-charging process leads to high energy density, allowing for a compact design with a smaller footprint. Further, it uses the ocean as a natural heat sink and eliminates the need for complex thermal management systems, offering a high round-trip efficiency.

 

 

11. EXOM

• Founding Year: 2021
• Employee Range: 2-10
• Location: Israel
• Signal Strength: Medium
• What they do: EXOM offers solutions for radiation protection, psychological well-being, and environmental control to enable sustainable habitats for the Moon and Mars. RedNet is the company’s delay/disruption tolerant monitoring network of sensors that monitors the underground habitat for environmental conditions. It also monitors space weather events for hazards and beneficial uses for the habitat, such as using solar radiation to generate power. EXOM’s dust removal solution, Dustshield, uses an environmentally friendly method to remove harmful charged regolith dust from the entrance of the habitat.

12. Agritrack

• Founding Year: 2020
• Employee Range: 11-50
• Location: Greece
• Signal Strength: Very Strong
• What they do: Agritrack designs a post-harvest automation platform to optimize perishable food value chains. The platform leverages IoT sensors to collect real-time data on factors affecting food quality during transport and storage. This data is then uploaded to the cloud for analysis using spectroscopy and machine learning algorithms. Agritrack processes this analysis into actionable insights to enable real-time quality control, reduce wastage, and improve transparency across the food supply chain. Farmers use the app to also automate data collection on factors like temperature and humidity. Whereas, food processors utilize machine learning to predict expiration dates and optimize production processes to minimize waste. Further, consumers scan QR codes on food packaging to access information about the product’s journey from farm to fork.

13. RevIoT

• Founding Year: 2023
• Employee Range: 2-10
• Location: Italy
• Signal Strength: Medium
• What they do: RevIoT streamlines remote asset monitoring with its platform and rugged sensor-based IoT devices. The sensors feature GPS for location tracking, accelerometers for shock detection, and environmental sensors for temperature and humidity monitoring. Its product, IoCabinet, detects unauthorized access, water ingress, and temperature fluctuations in telecom and energy street cabinets. IoBox tracks high-value assets during shipment and sends alerts for mishandling or extreme conditions. Additionally, IoContainer manages shipping containers and on-site installations. It monitors location, temperature, humidity, and potential shock damage, and also integrates with checklists on the mobile app to ensure field crews have the right tools and complete maintenance tasks. RevIoT thus enables field assets managers and technicians to optimize efficiency, minimize downtime, and enhance security.

14. Heatrix

• Founding Year: 2021
• Employee Range: 2-10
• Location: Germany
• Signal Strength: Very Strong
• What they do: Heatrix enables the decarbonization of high-temperature industrial processes. Its technology converts renewable electricity into storable, high-temperature heat. The system combines an electric heater and thermal energy storage to deliver continuous heat, reaching temperatures up to 1500 degrees Celsius. This enables industries to implement sustainable practices while integrating Heatrix into existing systems with minimal retrofitting. Its applications include calcination, heat treatment, sintering, and pelletization.

15. KiarX

• Founding Year: 2020
• Employee Range: 2-10
• Location: India
• Signal Strength: Very Strong
• What they do: KiarX develops a mining management platform. It offers real-time data and analytics, including live production status, trip reports, driver performance, maintenance logs, and inventory management. For instance, the Live Mines Report provides an analysis of the production rate, excavator loading rate, and driver performance. Excavator Data shows the excavator’s location, the time required to load the trucks, the average loading rate per hour along with an hourwise breakdown of trips loaded. KiarX also enables mines to improve safety and efficiency through features. For example, Intelligent AI provides real-time notifications for overspeeding trucks, idling trucks, and upcoming unfavorable weather conditions.

16. Plexa

• Founding Year: 2022
• Employee Range: 2-10
• Location: Australia
• Signal Strength: Strong
• What they do: Plexa creates construction management software that combines document control, real-time budget tracking, and building information modeling (BIM) for data-rich 3D models. This facilitates collaborative decision-making for general contractors, subcontractors, and project owners. The platform also enables efficient site management through features like automated construction defect identification with photographic evidence and real-time progress tracking. Further, it integrates safety hazard reporting and inspection test plan creation tools, streamlining regulatory compliance.

17. Shelfgram

• Founding Year: 2020
• Employee Range: 2-10
• Location: Canada
• Signal Strength: Very Strong
• What they do: Shelfgram develops an AI-powered cloud-based platform for retail analytics. The AI analyzes in-store photos captured via its mobile app and extracts data on planograms, pricing, and shopper attention through heatmaps. This data is accessible through the platform’s tools, including advanced search functions and analytics dashboards. Manufacturers are able to track campaign effectiveness and competitor activity with this solution while retailers use it to optimize product placement and monitor compliance with planograms.

18. thinker automata

• Founding Year: 2020
• Employee Range: 11-50
• Location: India
• Signal Strength: Medium
• What they do: thinker automata offers Pattern, a platform that uses machine learning to contextualize data from 3D models, real-time sensor readings, and maintenance documents. Pattern 4D automatically links sensor data to specific components within a 3D model to visualize temperature fluctuations or pressure readings on equipment. This allows all stakeholders to monitor asset health, predict maintenance needs, and troubleshoot issues remotely. The platform also offers digital twins, Pattern DT, and augmented reality (AR) tools, PatternXR allowing them to view real-time data superimposed on their physical surroundings during maintenance procedures. The solution benefits process facilities like oil, gas, refineries, and wastewater plants as well as the construction industry.

19. SILENTSYS

• Founding Year: 2021
• Employee Range: 11-50
• Location: France
• Signal Strength: Very Strong
• What they do: SILENTSYS makes ultra-low noise electronic and photonic systems for research and development applications. Its technology utilizes proprietary design and fabrication processes to create highly miniaturized modules. For example, the company’s optical frequency discriminator (OFD) characterizes and reduces noise in laser light and is suitable for high-performance applications like laser frequency stabilization. Further, SILENTSYS’ electronic modules enable high bandwidth, thus benefiting scientists and engineers working in photonics, electronics, and quantum technologies.

20. Roxanne.ai

• Founding Year: 2021
• Employee Range: 2-10
• Location: Italy
• Signal Strength: Strong
• What they do: Roxanne.ai develops computer vision-powered conversational chatbots that function as virtual assistants. The machine learning algorithms allow Roxanne to understand user intent from text, voice, and images. For example, Roxanne Infopoint is a chatbot for municipalities that gathers user queries and offers information retrieval. The company’s Calendar is another chatbot that facilitates appointment scheduling. The company’s chatbots improve communication, automate tasks, and generate data analytics for users.

Tips to Quickly Find New Companies to Watch

Utilizing a SaaS platform like the Discovery Platform for identifying new companies provides significant benefits compared to traditional scouting methods:

• Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying upcoming innovations.
• Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest industry and technology trends. The platform keeps you informed with near real-time updates on emerging companies and news, allowing you to make swift and informed decisions.
• Tailored Exploration: Customize your search to focus on specific niches. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.

Ready to Explore All New Companies?

This overview highlights just a few solutions from all 4.7+ million companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview. We seek partnerships with industry experts to deliver actionable insights into startups and tech. Interested? Let us know!