The Herd: Highlighting the top 100 private U.S. tech companies
D.A. Davidson’s report features 100 of the top private technology companies in the United States. These companies stand out for their exciting innovation, growth, and market positioning. Ranging from rising startups to late-stage funded giants, these companies were selected based upon growth rate, market awareness, scale, capitalization, and other proprietary analytics.
This year’s list incorporates a highly diverse group consisting of names across cloud, collaboration, fintech, human capital management, infrastructure, sales and marketing, security, and vertical software.
“It’s truly an honor to be featured,” said Ed Roshitsh, brightfin CEO. “Traditional TEM has been around for a while, and let’s just say it has left a lot of room for improvement. Our value proposition of TEM + ITFM + ServiceNow + Services has been resonating in the market and this recognition is wonderful validation.”
Companies in The Herd have raised over $44 billion in aggregate equity venture capital across all previously disclosed series rounds, including $16 billion across 67 rounds over the past 12 months. Constituents of the list have waited for a median of 17 months between rounds historically while demonstrating healthy step-up multiples from prior valuations at a median of 2.6x across all rounds.
“The velocity of transactions in 2021 is truly remarkable,” said Greg Thomas, Managing Director, Technology Investment Banking. “We’ve seen tremendous activity in the public equity markets highlighted by over 20 software IPOs since the first of the year and 60% of the Company’s in the Herd have raised a meaningful round since Q4 of 2020. We do not expect these trends to slow down in the near future.”
brightfin is a revolutionary, subscription-based software provider of Technology Expense Management (TEM) and IT Finance Management (ITFM) solutions offered natively through ServiceNow or as a SaaS platform. brightfin helps companies manage IT assets and expenses related to mobile, telecom (fixed / voice & data), and cloud. In addition, brightfin enhances efficiency through automated workflows and industry-leading services such as UEM, lifecycle management, bill pay, procurement, and delivery.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 28 states.
For more information, visit dadavidson.com.