The luck of the Irish continues to work its magic as these profitable start-ups have been making waves stateside.
Whereas the primary few months of the yr haven’t been with out its stateside drama, the US stays a pure place to contemplate for start-ups to contemplate when rising their companies internationally.
Information from Dealroom exhibits that the US continues to guide globally when it comes to VC funding over the previous few years, so it’s no shock that it’s a significant goal for Irish start-ups on the subject of increasing their footprint.
Actually, Atlanta is considered one of three new worldwide places of work that Enterprise Eire introduced in on the launch of its technique, which it formally opened this week. And with Taoiseach Micheál Martin, TD at the moment on his official St Patrick’s Day go to to the US, SiliconRepublic.com wished to take a more in-depth take a look at simply among the Irish start-ups which were making waves throughout the pond.
Numra
Numra, previously generally known as Autonifai, was based by David Kearney and Conor Digan in 2023. Its platform makes use of AI to streamline complicated workflows for finance and accounting groups with duties reminiscent of knowledge entry, reconciliations and error investigations. The concept is to assist firms save time and scale back errors.
Final Could, it raised €1.5m in funding to extend its headcount and broaden to the US market.
Protex AI
Limerick firm Protex AI was based in 2021 by CEO Dan Hobbs and CTO Ciarán O’Mara. The office security start-up offers an AI-powered platform that plugs into CCTV gadgets and makes use of pc imaginative and prescient to seize unsafe occasions autonomously.
In 2022, the start-up bagged $18m in funding to broaden throughout each Europe and the US and, earlier this yr, it secured one other $36m to proceed its US growth.
Offr
Based in 2019 by Robert Hoban, Philip Farrell and Niall Dawson, Offr is a proptech firm that digitises the method of shopping for and promoting property.
In 2023, the corporate raised €2.1m to broaden within the US and different markets. The funding spherical was co-led by Chicago-based Second Century Ventures, the enterprise capital arm of the Nationwide Affiliation of Realtors within the US.
Output Sports activities
Output Sports activities is a spin-out of College Faculty Dublin (UCD) and was based in 2018 by Dr Martin O’Reilly, Dr Darragh Whelan, Julian Eberle and Prof Brian Caulfield.
Final yr, the corporate, which specialises in knowledge providers for elite sports activities groups, spoke of its plans to focus on the US throughout a gathering with Leo Varadkar throughout his US go to in his capability as Taoiseach in 2024. Earlier this yr, it scored $4.8m to additional its US growth.
Swoop
Fintech Swoop was based in 2017 as a one-stop store for small- and medium-sized companies to seek out the proper funding. In 2023, the start-up was declared the fastest-growing tech firm in Eire within the Deloitte Quick 50 annual rating.
The corporate has been focusing on the US marketplace for a while now, having raised €6.3m for worldwide growth in 2022 and an funding from Sandbox Industries at first of this yr to broaden its US attain additional.
Wayflyer
Based in 2019 by Aidan Corbett and Jack Pierse, Wayflyer offers e-commerce retailers with a variety of financing and advertising and marketing analytics instruments to assist them entry working capital, enhance money move and drive gross sales.
Having grow to be an Irish unicorn in 2022, the corporate has secured main funding and offers on the street to its US targets, together with a $1bn deal from US funding administration agency Neuberger Berman in 2023 and the acquisition of US business-to-business market MadeMeBuyIt at the beginning of this month.
ZeroMission
Based in 2022 by Leah O’Dwyer and Kevin Christopher and primarily based in Clonmel, Co Tipperary, ZeroMission offers fleet administration software program to firms working business electrical car (EV) fleets.
Final yr, the corporate secured $3m in funding to broaden its operations in each Europe and the US. Its software program is already being utilized by transit bus operators in California together with different US firms working EVs for worker commuter providers.
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