October 28, 2020

Top 10 Fastest-Growing Tech Companies in Silicon Beach

Silicon Beach is home to hundreds of up and coming tech companies all looking to change the future. There is no doubt that these companies will help Silicon Beach continue to exist as a hub of exciting developments and changes in the tech landscape. 

Here are the top 10 fastest growing tech companies in Silicon Beach: 

10 of the Fastest Growing Companies in LA

10. AtomTickets

Avid moviegoers are likely familiar with the AtomTickets app. AtomTickets has taken the classic movie-going experience and catapulted it into the 21st century. By digitalizing the entire process, the app helps users to plan the perfect night out to the cinema.

Atom allows users in the US and Canada to buy movie tickets to thousands of theaters online. Once you buy your tickets, they are sent as QR codes to customers to redeem when they arrive at the theater. Users can pre-order concessions to avoid waiting in line and even invite their friends to watch the same movie via text or social media.

Founded by partners Matthew Bakal, Ameesh Paleja, and Geoff Shavitz, AtomTickets was created to solve a simple inconvenience. After one particularly challenging night, the three friends felt that planning a movie night out was more complicated than it needed to be. They made it a goal to simplify the movie planning process for everyone. 

Upon its creation in 2014, the app began as a way for customers to buy movie tickets with their friends. As of 2019, the AtomTickets app has expanded to include a movie subscription plan for its customers.

Revenue: Three-year growth of 2243% between 2016 to 2019

9. Bluemark

If you have ever attended an onboarding session, chances are Bluemark was behind it. Bluemark has simplified what used to be a very complicated process of onboarding. They provide custom welcome kits and onboarding resources to companies in mass quantities. The goal of Bluemark is to help companies save time and money through a transparent and customizable process. 

Bluemark’s design team works closely with the vast network of suppliers to make sure that each product is manufactured with quality materials to ensure a more sustainable outcome. The company is known for its infectious passion and drive, and we expect this to continue propelling them well into the future of tech in LA. 

Revenue: Three-year growth of 2,697% between 2016 to 2019

8. Feedonomics

Created to solve their issues with shortcomings on feed platforms for advertising companies, Feedonomics quickly realized a greater need for their solution. Feedonomics works to transform data to provide companies with the best advertising performance possible. 

It is no secret that everyone tends to buy the first few products that pop up. Feedonomics helps companies convert raw feeds into beautifully optimized ones to help sellers successfully list and sell their products on marketplaces like Amazon and eBay.

Revenue: Generated $7.4 million in 2018

7. 4th & Heart 

Founded in 2014 by Raquel Tavares, 4th & Heart produces several lines of ghee. Ghee is a grass-fed clarified butter that can be traced back to its roots in India. Tavares noticed that many consumers were becoming more health-conscious and switching to dairy alternatives.  This change made her realize there was a space in the market for ghee. 

With a wide variety of products, they aim to integrate ghee into their consumers’ daily lives. The company also gives back to the community, with a percentage of each sale going to mothers in India enrolling their daughters in school.

Revenue: Generated $14.3 million in 2018

6. BuzzyBooth 

BuzzyBooth is a marketing company that doubles as a social media station. When you use their photo booth, the photos can be automatically uploaded to social media platforms like Twitter, Facebook, and Instagram. The images will include a little banner that displays your current location. 

BuzzyBooth helps brands engage with their customers while doubling as free advertising and marketing for everyone involved. When customers send themselves the photos, the brand or restaurant hosting the booth can save that contact information. In the future, they can use it to send coupons and marketing campaigns.  

Founder Jolina Li grew up with many relatives working in the restaurant business. She thought about helping their restaurant stand out in such a competitive industry from a very young age. When Li realized that the photo booth could be used as an advantage, she turned her BuzzyBooth idea into a marketing strategy. 

Now hundreds of businesses are using BuzzyBooth to help them grow their customer base. In addition to their traditional services, BuzzyBooth allows companies to use their software every month for as low as $97/month.   

Revenue: Generated $3.5 million in 2019

5. Villaway

Villaway can be referred to as Airbnb’s older, more posh sibling. It's an LA-based online rental marketplace for luxury vacation rental properties. 

However, unlike Airbnb, Villaway properties have been professionally inspected and hand-selected by a team of experts looking to provide vacationers with the highest level of professionalism. 

Villaway seeks to consistently deliver high-quality experiences for its users by only including listings that have been examined with a fine-tooth comb. With over 10,000 luxury villas in over 120 breathtaking destinations, the Villaway experience is anything but average. 

According to CEO Joe Liebke, Villaway doesn’t simply offer guests a stint at a luxury villa. They want them to have five-star experiences. To do this, they provide numerous concierge services for guests that can be both customized and personalized to meet their needs. 

Revenue: Generated $7 million in 2018

4. MuteSix

Drawing in employees with perks like free kombucha and cold brew, Los Angeles’ MuteSix has come a long way since its small start in 2014. In the early days of the company, they only had about 35 employees. As of 2020, they have expanded to 150 employees.  

MuteSix is a digital and creative agency that provides intelligent ad solutions to help clients plan for the future. Through a combination of expert media-buying creativity and talent, they help clients evolve their existing businesses while keeping them at the forefront of the market.  

They describe themselves as performance obsessed and consistently provide their employees with ongoing learning opportunities online. A marriage of creativity and performance, they believe that customer-first strategies are essential to foster growth. They're constantly helping companies to rethink how they define and deliver ads. 

Revenue: Generated $17.3 million in 2018

3. CannaSafe

Recent years have seen explosive growth in the Cannabis industry with hundreds of new consumer products on the market. However, many customers are concerned about the safety of these new products. 

This is where Cannasafe comes in. CannaSafe is the first fully ISO 17025 accredited cannabis testing lab in the world. They are working to make cannabis safe for everyone and want to provide accurate testing data for consumers. 

Founded in 2011 by Matt and Randy Haskin, CannaSafe had a very personal beginning. Randy’s daughter was battling Crohn’s disease, and he wanted to ensure her medicine was safe. 

Almost a decade later, CannaSafe has come a long way from those humble beginnings. They offer a plethora of testing services such as potency analysis, microbial screening, terpene analysis, mycotoxin screening, and many more.

Revenue: Estimated Annual Revenue - $20.3 million per year 

2. NOM

NOM stands for “Not Ordinary Media,” and this company is certainly anything but ordinary. Created in 2014 by Loren Rochelle, NOM Is a video technology and data firm. They aim to minimize wasteful spending by placing ads in front of the right audience. 

In the past, ad campaigns would run on YouTube and other social platforms, but companies were unable to measure how well an ad campaign was doing. They were also unaware of the type of audience seeing their ads. Rochelle took this problem and created a software analytics platform that offers clear, insightful analyses for clients. 

This program tracks ad campaigns and ensures that these ads are shown before proper videos to optimize performance. They also aim to maintain the safety of all the brands they partner with by steering clear of placing ads before objectionable videos. Today, NOM’s software analytics program has data on over 300 million video placements on YouTube. 

Revenue: Generated $21.4 million in 2018

1. Create Music Group

Ranking number one on the list of the fastest-growing tech companies in LA is Create Music Group. They're also one of the fastest-growing companies in America. CMG focuses on empowering artists to get paid for the streams that they have on popular streaming platforms. 

CEO Jonathan Strauss founded CMG to create resources for artists to help them get paid for doing what they love to do — make music. CMG covers distribution, label services, publishing, and rights management for its clients. Artists and labels can manage and grow their assets on dozens of platforms around the world. 

Create Music Group’s Hollywood, California headquarters is equipped with state-of-the-art recording studios, sound stages, offices, and everything their artist will need to make it to the top. 

Revenue: Generated $28 million in 2018

Grow Your Business With Rootstrap

Rootstrap employees

Tech companies in Silicon Beach are growing and changing every day. Positioned on the cusp of the future, these companies must be ready for what comes next in the ever-evolving digital landscape. 

Thankfully, Rootstrap can help them do just that. To keep up with the fast-paced industry, companies need constant communication, efficiency, and productivity.

Although many companies can get by using a traditional third-party from the Apple or Google Play app marketplaces, they shouldn’t have to. An app created specifically for a company’s needs can help streamline processes throughout departments and boost client-side interactions.

Rootstrap can create enterprise mobile applications on a company, department, and employee level. This endeavor will grant companies the ability to reach their true potential by allowing mobilization of daily tasks. 

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