The Top Tech Companies Headquartered In Boston 2022

Cities like Nashville, Charlotte, Austin, and Miami have all seen massive spikes in technology startups or busienss migrations over the past few years. However, Boston still remains at the top of the technology leaderboard with a steady source of top talent graduating from the area schools each year and an innovative mindset towards school, technology, and science in general. Boston is a perfect culmination of talent and opportunity which has allowed for many companies to thrive in the area.

This list is only reserved for parent companies headquartered in Massachusetts or Greater Boston, not subsidiaries or sub-brands. The goal of this list is to focus on Boston Based companies who have stayed true to their Boston and New England roots by staying headquartered and not moving like Facebook and Dropbox. These are not actually part of subsidiaries or larger companies headquartered elsewhere. You can see old lists from 2020 and 2016 here.

Of course Trellis tops the list… but here are the top tech companies going into 2022 headquartered in the Boston area so far:

CarGurus

CarGurus is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus marketplace gives consumers the confidence to purchase or sell a vehicle either online or in-person; and gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms, and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus also operates online marketplaces in Canada and the United Kingdom.

Market Cap: 4.086 billion

2021 Revenue: 891 million

2022 Revenue: 1.28 billion

Chewy

Chewy‘s mission is to become the most trusted and convenient destination for pet parents and partners everywhere. They view pets (and pet parents) as family and are obsessed with meeting their needs and exceeding customer expectations through every interaction. Product innovation drives operations, and their team is constantly striving to find new and better ways to improve our customers’ experience. From an easy­ to­ navigate website and highly­ rated mobile apps, to detailed order tracking and personalized “Pet Profile” features, Chewy remains committed to transforming the way pet parents shop.

Market Cap: 22.73 billion

2021 Revenue: 8.92 billion

2022 Revenue: 10.61 billion

DataRobot

DataRobot offers a machine learning platform for data scientists of all skill levels to build and
deploy accurate predictive models in a fraction of the time it used to take. The technology addresses the critical shortage of data scientists by changing the speed and economics of predictive analytics.

The DataRobot platform uses massively parallel processing to train and evaluate 1000’s of models in R, Python, Spark MLlib, H2O and other open source libraries. It searches through millions of possible combinations of algorithms, pre-processing steps, features, transformations and tuning parameters to deliver the best models for your dataset and prediction target.

Perch

Perch is a technology-driven commerce company that acquires and operates great brands at scale. They have acquired and operate over 70 brands, and have raised over $900M from investors such as SoftBank and Spark Capital.

Perch has a unique combination of Amazon, eCommerce, technology, and supply chain expertise, with its CEO having previously designed and built the Wayfair Delivery Network – taking large parcel deliveries from ~1 month down to 2 days.

iRobot

iRobot is as cool of a company as they sound. As if they were from the future, they create robots that literally clean your house. They now have robots for cleaning your rugs, mopping your floors, cleaning your pool, and cleaning your gutter. It will be interesting to see what Robots will be on the docket for the future as their capabilities grow and they can handle larger responsibilities.

Market Cap: 1.394 billion

2021 Revenue: 1.4 billion

2022 Revenue (Projected): 1.5 billion

Tripadvisor

Tripadvisor, one of the largest online travel companies that helps millions of people around the world find and get to where they want to go, is a staple of the Boston tech community. With a new massive office in Needham, Tripadvisor is poised to continue to grow in the travel space for years to come. They have taken a recent hit in the market, having struggled to grow revenue at their previous pace, but I am sure they will get back on track in the years to come.

Market Cap: 4.409 billion

2021 Revenue: 600 million

2022 Revenue (Projected): 1 billion

Valo Health

Valo is an early-stage technology company founded in 2019 that is using cloud computing as well as longitudinal and human data to create an entirely new drug discovery and development process. Through Valo’s Opal Computational PlatformTM, a cloud generation, fully-integrated, componentized, end-to-end drug development platform, drug development is positioned to be transformed into a far more efficient process with life-changing treatments created in potentially half the time at far less cost and with far fewer failures. The Opal Platform makes it possible for scientists to review human data to discover previously unsuspected associations between genetic markers and disease and design and discover proprietary new molecules.”

Market Cap: 2.8 Billion

2021 Revenue: 14.8 billion

2022 Revenue (Projected): 16 billion

Wayfair

Wayfair is one of the most successful Boston based eCommerce companies. With revenue increasing into the billions, they are one of the leading eCommerce focused companies in the US and will soon be a larger player in the IR 1000 list. Their growth rate is fairly substantial from an eCommerce perspective and they should become the online leader in home furnishings for the foreseeable future in the United States.

Market Cap: 7.834 Billion

2021 Revenue: 14.8 billion

2022 Revenue (Projected): 16 billion

Akamai

Akamai is a leading cloud delivery network company that powers some of the largest businesses in the world. Their CDN network is massive with locations all over the world. Akamai is certainly a leader in the CDN space and will likely stay atop the space as the dominant force in the enterprise for the foreseeable future, despite new startups trying to eek their way into the space. As a Boston headquartered company they are clearly one of the largest Boston tech companies out there with a strong market cap and annual revenue.

Market Cap: 13.87 billion

2021 Revenue: 3.45 billion

2022 Revenue: 3.8 billion

Devo

Devo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. With unrivaled scale to collect all of your data without compromise, speed to give you immediate access and answers, and clarity to focus on the signals that matter most, Devo is your ally in protecting your organization today and tomorrow. Headquartered in Cambridge, Mass., Devo is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and Eurazeo.

Formlabs

Formlabs is one of the largest 3d printing companies in the world and has recently received valuations of over 1 billion dollars. They are doing extremely well and are considered one of the Unicorns of Boston. Formlabs targeted professionals who needed more precise parts for more complicated 3-D printing projects. I wouldn’t be surprised to see them IPO in the future and become another staple of the Boston tech community.

Market Cap:  1.4 billion valuation

2021 Revenue: 150 million

2022 Revenue (Projected): 180 million

SkillSoft

Skillsoft is a trusted partner and leading global provider of high-quality, innovative, cloud-based learning and performance support resources. Enabling organizations to achieve competitive advantages through superior enterprise-wide knowledge and skills. Skillsoft eLearning programs can elevate and enhance the skills necessary to capture maximum value from those using the software.

Market Cap: 1.06 billion

2018 Revenue: 723.4 million
2021 revenue: 57,912,000

2019 Revenue (Projected): 800 million

Toast

Toast is a restaurant point of sale and management system that helps restaurants improve operations, increase sales and create a better guest experience. By combining point of sale, front of the house, back of the house, and guest-facing technology with an unrivaled commitment to customer success we enable our community of restaurateurs to delight their guests, do what they love, and thrive. They have grown to over 2000 employees and have become the leading cloud-based restaurant management platform in the world with series D funding secured at 215M.

Market Cap: 2.7 billion private valuation

2021 Revenue: 500 million

2022 Revenue(Projected): 600 million

DraftKings

DraftKings is an American daily fantasy sports contest and sports betting provider. The company allows users to enter daily and weekly fantasy sports-related contests and win money based on the individual player and team performances in five major American sports. With investments directly from the MLB becoming the first major sports organization to become affiliated with daily sports gambling. DraftKings is in direct competition with Fanduel but edges them out in terms of revenue in 2018.

Market Cap: 1.5 billion

2021 Revenue: 300 million

2022 Revenue (Projected): 350 million

Klaviyo

Klaviyo is a growth marketing platform created for online businesses — featuring powerful marketing automation and a revenue-driving email platform. Their Boston based team focuses on customer data to deliver the best experiences across all marketing channels including email. Their services constantly evolve making their clients smarter and giving them more opportunity for growth. 

Market Cap: NA

2021 Revenue: 100 million

2022 Revenue (Projected): 120 million

Drift

Drift is a conversational marketing platform, helping businesses communicate with their customers with live chat and automated marketing campaigns. Drift focuses on tracking your leads and contacts and on setting up a personalized communication. In April, the company also secured a $60M Series C investment, led by Sequoia

Market Cap: NA

2021 Revenue: 120 million

2022 Revenue (Projected): 140 million

Salsify

Salsify is a Product Experience Management (PXM) tool that empowers brand manufacturers to deliver the product experiences consumers demand anywhere they shop online. The software leverages the product as a digital asset and product information tool rolled into one. Salsify has a flexible approach to data modeling and is designed to fit seamlessly into any ecosystem. Their original experience in the eCommerce space has certified them pioneers of the space and as true digital experts.

Market Cap: NA

2021 Revenue: 84 million

2022 Revenue (Projected): 90 million

Acquia

Acquia is the leading in Drupal cloud hosting. They host a huge percentage of top Drupal sites and are a major company pushing the Drupal platform forward. They have surpassed one hundred million in revenue and may likely go public in the near future. They are certainly one of Boston’s top tech companies employing around one thousand employees and having stayed loyal to the Boston area since their inception, not moving to another city like Facebook or Dropbox.

Market Cap: 280 million

2021 Revenue: 200 million

2022 Revenue (Projected): 230 million

Care.com

Care.com is the leading online resource for finding a caretaker for a young child or elderly person. They have since grown into a public company employing over one thousand employees and growing. Founded in 2006 in the Boston area, Care.com continues to reside just outside of Boston in the Waltham area. They continue to grow every year as a leading technology company not only in Boston, but in the world in their industry.

Market Cap: 395.22 million

2021 Revenue: 1.5 billion

Hubspot

Hubspot is a worldwide brand that has taken the industry by storm with its coinage of the term, “inbound marketing.” Inbound marketing refers to building a marketing engine that drives customers to you via search, and other organic means, rather than cold calling leads. They have since launched a great CRM that is free, and are constantly innovating on their product lines. With strong YOY growth, they are poised to be a leader in the marketing automation space for years to come.

Market Cap: 6.13 Billion

2021 Revenue: 1.3 billion

2022 Revenue (Projected): 1.4 billion

Logmein

Logmein is originally known for its log in product that allows you to remotely access your computer from other locations. They have since grown into a much larger SaaS company. Logmein has now acquired Citrix the Goto product family. They also recently shut down their cloud storage service, Cubby, most likely due to competition problems from platforms like Google Drive, Dropbox, and Box. They are a Boston based company with headquarters right in the Boston proper area.

Market Cap: 3.38 billion

2021 Revenue: 1.2 billion

2022 Revenue (Projected): 1.3 billion

Endurance International Group

Endurance International Group has been a strong technical company in the Boston community for a long time now and runs major hosting companies like Hostgator and Bluehost. They recently acquired Constant Contact which is why they are no longer on this list, as they are simply a subsidiary of EIG. EIG is focused on helping small businesses and now has over 5 million customers worldwide, a massive amount of small businesses in the world.

Market Cap: 585.5 million

2021 Revenue: 1.2 billion

2021 Revenue (Projected): 1.25 billion