9-Mar-11

Rank

Company Name

Location

Industry

Founder(s)

San 1 Castlight Health Inc. Francisco

Health Care Giovanni Colella, Todd Park

2 Xirrus Inc.

Thousand Information Steven DeGennaro, Dirk Oaks, Calif. Technology Gates, Patrick Parker

3 Xactly Corp. Recycle Rewards 4 Inc.

San Jose, Calif.

Business and Financial Services Business and Financial Services

Christopher Cabrera, Satish Palvai Patrick FitzGerald, Ron Gonen

New York

5+A36

ExteNet Systems Inc.

Lisle, Ill.

Information Technology Ross Manire, Eric Lekacz

Petaluma, 6 Cyan Optics Inc. Calif. Aster Data Systems San Carlos, 7 Inc. Calif.

Information Technology Information Technology

Michael Hatfield, Rick Johnston, Steve West, Eric Clelland Tasso Argyros, Mayank Bawa, George Candea

8 Glam Media Inc.

Brisbane, Calif.

Consumer Services

Samir Arora, Rebecca Bogle Arora, Ernie Cicogna, Susan Kare, Dianna Mullins, Raj Narayan, Fernando Ruarte, Vic Zaud

9 Carrier IQ Inc.

Mountain Information Bruce Lacey, Steve View, Calif. Technology Roskowski

10 Imperva Inc.

Redwood Shores, Calif.

Information Mickey Boodaei, Shlomo Technology Kramer, Amichai Shulman

11 Vidyo Inc.

Hackensack, Information Alex Eleftheriadis, Avery N.J. Technology More, Ofer Shapiro

12 Etsy Inc.

Brooklyn, N.Y.

Consumer Services

Robert Kalin, Chris Maguire, Haim Schoppik, Jared Tarbell

13 RGB Networks Inc.

Sunnyvale, Calif.

Information Edward Krause, Peter Technology Monta, Adam Tom

14 IronKey Inc.

Sunnyvale, Calif.

Information Technology David Jevans

15 Appia Inc.

Durham, N.C.

Information Technology Jud Bowman

The Active Network 16 Inc. San Diego San Jose, 17 Nimble Storage Inc. Calif.

Business and Financial Services James Woodman Information Umesh Maheshwari, Varun Technology Mehta

PatientSafe 18 Solutions Inc.

San Diego

Health Care Kim Rubin, David Swenson

19 Glaukos Corp.

Laguna Hills, Olav Bergheim, Richard Hill, Calif. Health Care Morteza Gharib

20 Fusion-io Inc.

Salt Lake City South San Francisco, Calif.

Information Technology David Flynn, Rick White Nathaniel David, J. Kevin Judice, Floyd Romesberg, Health Care Peter Schultz

21 Achaogen Inc.

22 NeuroPace Inc.

Mountain Robert Fischell, David View, Calif. Health Care Fischell Business and San Financial Francisco Services Business and Pleasanton, Financial Calif. Services

23 Xoom Corp.

Alan Braverman, Kevin Hartz

24 Workday Inc.

Aneel Bhusri, David Duffield

SpiderCloud 25 Wireless Inc.

Santa Clara, Information Calif. Technology Peter Wexler

26 Jive Software Inc. Federated Media 27 Publishing

Palo Alto, Calif. San Francisco

Information Technology Bill Lynch, Matt Tucker Consumer Services Business and Financial Services

John Batelle

28 Boku Inc.

San Francisco

Mark Britto, Ron Hirson, Erich Ringewald

29 Zoosk Inc.

San Francisco

Consumer Services

Shayan Zadeh, Alexander Mehr

EndoGastric 30 Solutions Inc.

Redmond, Wash.

Health Care Stefan Kraemer

31 Chegg Inc.

Santa Clara, Consumer Calif. Services

Aayush Phumbhra, Osman Rashid

32 Everyday Health Inc. New York

33 Xsigo Systems Inc.

San Jose, Calif.

Consumer Services Business and Financial Services

Michael Keriakos, Benjamin Wolin

R.K. Anand, Ashok Krishnamurthi, S.K. Vinod

34 Soasta Inc.

Mountain Information Kenneth Gardner, Tom View, Calif. Technology Lounibos

Rally Software Boulder, 35 Development Corp. Colo.

Information Technology Ryan Martens Business and Financial Services

Prosper 36 Marketplace Inc.

San Francisco

Christian Larsen, John Witchel

37 Pivot3 Inc.

Houston

Ryan Callison, Lee Caswell, Information Bill Galloway, Alan Technology Skidmore

38 Suniva Inc.

Norcross, Ga.

Energy and Utilities Ajeet Rohatgi

39 Veracyte Inc.

South San Francisco, Calif.

40 ExactTarget Inc.

Health Care Bonnie Anderson Business and Financial Chris Baggott, Scott Dorsey, Indianapolis Services Peter McCormick

OncoMed Redwood 41 Pharmaceuticals Inc. City, Calif.

Health Care Michael Clarke, Max Wicha

Westboroug Information James Pownell, Dave 42 ExaGrid Systems Inc. h, Mass. Technology Therrien Business and Peter Bowen, Jeff Dickey, SeeSaw Networks San Financial Rocky Gunderson, Scott 43 Inc. Francisco Services Hines, Monte Zweben

Silver Peak Systems Santa Clara, Information 44 Inc. Calif. Technology David Hughes

45 Zilliant Inc.

Austin, Texas

46 Yammer Inc.

San Francisco

Alex Chien, Deborah Information Vollmer Dahlke, Peter Technology Zandan Business and Financial Services Adam Pisoni, David Sacks

Pleasanton, Information Junaid Islam, Jeff Payne, 47 Bivio Networks Inc. Calif. Technology Homayoun Valizadeh Business and Financial Carl Ansley, Colin Fleming, 48 TxVia Inc. New York Services Aaron Tay

Service-now.com 49 Inc.

Del Mar, Calif.

Information Technology Fred Luddy Marc Epitaux, Peter Information Kirkpatrick, Jean-Marc Technology Verdiell

50 Aprius Inc.

Sunnyvale, Calif.

Investors Cleveland Clinic Foundation, Fidelity Growth Partners Europe, Maverick Capital Ltd., Morgan Stanley, Oak Investment Partners, U.S. Venture Partners, Venrock, Wellcome

Product/Service Web-based software that gives employees personalized views of medical benefits and treatment costs.

August Capital, Canaan Partners, Individual Investors, InterWest Partners, QuestMark Partners, U.S. Venture Partners

Enterprise Wi-Fi systems.

Alloy Ventures, Bay Partners LLC, Bridgescale Partners, Cheyenne Partners, Glynn Capital Management, Key Venture Partners, Outlook Ventures, Rembrandt Venture Partners, Salesforce.com Inc., Spinner Asset Web-based software for managing sales Management compensation. Coca-Cola Bottling Group, Generation Investment Management, Kleiner Perkins Caufield & Byers, RRE Ventures, Sigma Partners, Westly Group Centennial Ventures Inc., CenterPoint Ventures, Columbia Capital LLC, Individual Investors, Palomar Ventures, SBA Communications Corp., Sevin Rosen Funds, Soros Fund Management LLC Azure Capital Partners, Focus Ventures, Norwest Venture Partners, Telecommunications Development Fund, Juniper Networks Inc., Meritech Capital Partners, Kinetic Ventures, Grande Ventures, Tenaya Capital Cambrian Ventures, Individual Investors, Institutional Venture Partners, JAFCO

Partnerships with cities to boost recycling.

Network infrastructure for wireless service providers.

Technology to deliver voice, video and data over broadband networks. Data management and advanced analytics for businesses.

Accel Partners, ADK, Aeris Capital, Dentsu Inc., Draper Fisher Jurvetson, DAG Ventures, GLG Partners Inc., Hubert Burda Media, Individual Investors, Information Capital, Mizuho Capital Co. Ltd., Nikkei Business Publications Inc., Shogagukan Inc., Syueisya, Walden Venture Web publisher with 2,000 lifestyle sites Capital offering advertisers targeted audiences. Accel Partners, Bridgescale Partners, Charles River Ventures, Intel Capital, Mohr Davidow Software for mobile devices that gives Ventures, Nauta Capital, Presidio Ventures Inc. carriers insight into customer usage.

Accel Partners, Gold Hill Capital, Greylock Partners, Individual Investors, Meritech Capital Partners, U.S. Venture Partners, Venrock Four Rivers Group, Menlo Ventures, Rho Ventures, Sevin Rosen Funds, Star Ventures Management

Data security and audit systems for companies. HD-quality video-conferencing applications and services for personal computers.

Accel Partners, Acton Capital Partners, Hubert Burda Media, Index Ventures, Individual Online marketplace for buying and selling Investors, Union Square Ventures handmade goods. Accel Partners, Comcast Interactive Capital, Focus Ventures, Granite Ventures, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Mitsui & Co. Venture Technology for delivering video to TVs, Partners Inc. computers and mobile devices.

Bridgescale Partners, Crosslink Capital, Individual Investors, Leapfrog Ventures, Mohr Secure USB storage and authentication Davidow Ventures, Seraph Group devices and anti-fraud systems.

BlackBerry Partners Fund, Noro-Moseley Partners, TomorrowVentures LLC, Trident Capital, Wakefield Group ABS Ventures, Austin Ventures, Canaan Partners, Charles River Ventures, Comdisco Ventures, ESPN Inc., Enterprise Partners Venture Capital, Hambrecht EU Capital, IAC/Elicia Acquisition Corp., Kettle Partners, North Bridge Venture Partners, Outlook Ventures, Performance Equity Management, Rocket Ventures, Tao Venture Partners, Wand Partners Accel Partners, Lightspeed Venture Partners, Sequoia Capital

Mobile-app stores for industry players.

Lifestyle Web publisher and online service for managing and promoting events. Storage, backup and disaster-recovery systems.

American River Ventures, Camden Partners, Dima Ventures, Individual Investors, Integral Capital Partners, Menlo Ventures, North Bay Angels, Psilos Group Managers LLC, Sacramento Angels, Shea Ventures, Shoreline Venture Partners, Texas Pacific Group Growth, Valhalla Capital Mobile system for nurses.

Domain Associates LLC, Frazier Healthcare Ventures, InterWest Partners, Meritech Capital, Montreux Equity Partners, OrbiMed Advisors LLC, Versant Venture Management LLC

Medical devices and therapies to treat glaucoma.

Accel Partners, Andreessen Horowitz, Dell Ventures, Iron Capital Partners, Lightspeed Venture Partners, Mercato Partners, Meritech Capital Partners, New Enterprise Associates, Pelion Venture Partners, Samsung Group, Sumitomo Ventures, Triangle Peak Partners LP Flash-memory drives for servers. 5AM Ventures, Alta Partners, ARCH Venture Partners LP, Domain Associates LLC, Frazier Healthcare Ventures, Venrock, Versant Venture Management LLC, Wellcome Trust

Antibiotics for multi-drug resistant bacterial infections.

Domain Associates LLC, InterWest Partners, Johnson & Johnson Development Corporation, Kleiner Perkins Caufield & Byers, MedVenture Associates, New Enterprise Associates, Implantable devices for treating epilepsy Technology Partners and other neurological disorders. DAG Ventures, Volition Capital (formerly Fidelity Ventures), Individual Investors, New Enterprise Associates, Sequoia Capital, SVB Capital, Undisclosed Venture Investor(s)

Online international money-transfer services.

Greylock Partners, Individual Investors, New Enterprise Associates

Web-based software for managing backoffice tasks.

Charles River Ventures, Matrix Partners, Opus Capital, Shasta Ventures, Undisclosed Indoor mobile-broadband networking gear Investors for wireless operators.

Kleiner Perkins Caufield & Byers, Sequoia Capital Individual Investors, JPMorgan Partners, Oak Investment Partners, Omidyar Network, The New York Times Co. Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures

Collaboration and marketing software for companies. Pairs independent Web publishers and advertisers.

Service that lets consumers charge online purchases to their mobile-phone bills.

Amidzad, ATA Ventures, Bessemer Venture Partners, Canaan Partners

Dating service using the Web, social networks and mobile.

Advanced Technology Ventures, Canaan Partners, Chicago Growth Partners, De Novo Ventures, Foundation Medical Partners, MPM Capital, Oakwood Medical Management, Incisionless surgery for gastrointestinal Radius Ventures LLC diseases. Ace Limited, Foundation Capital, Gabriel Venture Partners, Individual Investors, Insight Venture Partners, Kleiner Perkins Caufield & Byers, Pinnacle Ventures, Primera Capital, TriplePoint Capital Textbook rental service. Berkshires Capital Investors, BEV Capital, Foundation Capital, NeoCarta Ventures, Revolution Partners, Rho Ventures, Scale Venture Partners, Star Ventures Management, Technology Crossover Ventures, Time Warner Investments, Village Ventures Inc. DAG Ventures, Greylock Partners, Khosla Ventures, Kleiner Perkins Caufield & Byers, North Bridge Venture Partners, Presidio Ventures Inc.

Online publisher with more than 25 healthrelated sites.

Hardware and software for managing datacenters.

Canaan Partners, Formative Ventures, Individual Investors, Pelion Venture Partners, The Entrepreneurs' Fund Cloud-based software-testing services. Boulder Ventures, Greylock Partners, Individual Investors, Mobius Venture Capital Inc., Mohr Davidow Ventures, Vista Ventures Accel Partners, Agilus Ventures, Benchmark Capital, CompuCredit Holdings, DAG Ventures, Meritech Capital Partners, Omidyar Network, QED Investors, TomorrowVentures LLC Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners Ltd., Silver Creek Ventures Advanced Equities Financial, Apex Venture Partners, Goldman Sachs Group Inc., H.I.G. Capital LLC, New Enterprise Associates, Warburg Pincus LLC

Products and services for managing software development.

People-to-people lending marketplace.

Storage platforms for video surveillance and virtual desktops.

Solar cells and modules.

Domain Associates LLC, Kleiner Perkins Caufield & Byers, TPG Biotech, Versant Venture Management LLC Battery Ventures, Greenspring Associates, Scale Venture Partners, Technology Crossover Ventures Adams Street Partners LLC, Bay Partners LLC, De Novo Ventures, Delphi Ventures, Genentech, GlaxoSmithKline, Latterell Venture Partners, Morgenthaler, Phase4 Ventures, Triple Point Capital, U.S. Venture Partners, Vertical Group Highland Capital Partners LLC, Investor Growth Capital Inc., Sigma Partners, Tenaya Capital

Genomic tests for diagnosing cancers.

Technology for email, social-media and mobile marketing.

Therapies that target tumor-causing cancer stem cells.

Disk-based data backup systems.

Sutter Hill Ventures Artis Capital Management, Benchmark Capital, DAG Ventures, Greylock Partners, J. & W. Seligman, Pinnacle Ventures ABS Ventures, Austin Ventures, Cardinal Venture Capital, DB Capital Venture Partners, GE Capital, Equity, Individual Investors, JPMorgan Partners, Liberty Mutual, LMIA Coinvestors, SMH Private Equity Group, Trellis Partners Charles River Ventures, Emergence Capital Partners, Founders Fund, Goldcrest Investments, SV Angel, U.S. Venture Partners

Network of digital signs that show video advertising and content.

Appliances that speed the movement of data between datacenters.

Software for optimizing pricing and revenue.

Private, secure social networks for enterprises.

Cross Pacific Technology Partners LLC, Goldman Sachs Ventures, Individual Investors, InterWest Partners, Itochu Corp., Silver Creek Ventures, Storm Ventures, Venrock, Western Security of government and serviceTechnology Investment Inc. provider networks. Bain Capital Ventures, Espirito Santo Ventures, New York City Investment Fund, Oak Investment Partners, Village Ventures Inc. Prepaid-card processing technology.

JMI Equity Fund, Sequoia Capital

Cloud service for IT help-desk requests from enterprise employees.

Gold Hill Capital, Lightspeed Venture Partners, Menlo Ventures, New Enterprise Associates, IO virtualization and networked flash SVB Capital storage for servers.

Number of Employees

Year Founded

100

2008

170

2003

140

2005

150

2004

86

2002

102 102

2006 2005

300

2004

75

2005

350

2002

140

2005

185

2005

175

2003

100

2005

51

2008

2,500 55

1998 2008

80

2002

40

2001

370

2006

64

2004

90

1997

70

2001

650

2005

60

2008

336

2001

165

2005

65

2009

80

2007

120

2003

150

2007

400

2002

110

2004

100

2006

241

2002

38

2005

78

2003

190

2007

40

2008

850

2000

76

2004

145

2002

20

2006

150

2004

120

1999

100

2008

60

2000

150

2006

300

2003

25

2007

Why It's Hot

2010 Rank

As consumers pay more of their health-care bills, Castlight lifts the veil on medical costs.

14

Founder Dirk Gates previously took another start-up, Xircom, public and then sold it to Intel.

Xactly's partners include Microsoft, Oracle and Salesforce.com, which invested last June. Recyclebank is expanding internationally and currently operates in 29 states.

25

ExteNet raised $128 million in a January 2010 round led by George Soros's investment firm.

CEO Michael Hatfield previously founded Calix Networks, which held an IPO last year. Aster helps companies analyze data to understand customer behavior and detect fraud.

Glam's sites attract 198 million monthly visitors world-wide. The software sits on 140 million devices world-wide, providing data to Sprint and Vodafone.

13

CEO Shlomo Kramer co-founded one of Israel's largest tech companies, Check Point Software.

Vidyo powers Google Chat and bundles its software on HewlettPackard PCs.

35

It's profitable and in August it estimated 2010 revenue of $30 million to $50 million.

RGB acquired mobile-video rival RipCode in June.

Founder and Chairman David Jevans helped develop Apple's Internet strategy.

Appia is moving to build app marketplaces for the likes of AT&T and Samsung.

Having raised at least $275 million, Active has made numerous acquisitions. Nimble has built an appliance that provides primary and backup storage in one box.

After raising $30 million in February, PatientSafe completed and launched its iPod Touch system.

Glaukos is developing a new medical-device treatment for openangle glaucoma.

Executive team boasts Apple co-founder Steve Wozniak.

Has support from the National Institutes of Health and Department of Defense.

Filed for approval of a system to monitor and stop epileptic seizures.

12

Two large, undisclosed public equities firms led its last $33 million round.

The latest effort from Dave Duffield is challenging his earlier creation, PeopleSoft.

16

Helps carriers meet the growing demand for mobile broadband on corporate campuses.

Financed by Google backers Kleiner and Sequoia, Jive Software brings social-networking tools to big business. Federated Media has made three acquisitions since August to bulk up its advertising and publishing network.

CEO Mark Britto previously led Ingenio to an acquisition by AT&T and Accept.com to Amazon.

The "social" online-dating company has more than 15 million active monthy users.

42

With $120 million total raised, EndoGastric is pushing to profitability.

Chegg recently acquired two firms to expand into other student services.

32

Everyday Health's sites host 26.5 million visitors a month. In January, it partnered with AOL.

Xsigo's board of directors includes Veritas Software's Mark Leslie and HP's chairman Ray Lane.

Soasta tests the mettle of online services prior to launch by simulating heavy traffic.

36

Rally was named the sixth best place to work in the U.S. by Outside magazine last year.

Prosper leveraged the credit crisis to build a service matching lenders and borrowers.

It says bookings doubled each of the last four years.

One of the only start-up solar-cell makers in the U.S. that's enjoying rising demand.

15

Developing minimally invasive molecular tests to provide earlier cancer diagnoses.

Exact Target scrapped an IPO in 2009 and has bought three companies in 17 months.

OncoMed has shown an ability to attack cancer stem cells, which resist traditional chemotherapy.

ExaGrid's technology is similar to that of Data Domain, the subject of a $2.2 billion EMC-NetApp bidding war.

Founder Monte Zweben previously founded Blue Martini Software and Red Pepper.

Silver Peak is growing quickly and taking on larger rival Riverbed Technology.

20

Zilliant uses scientific data to maximize profits by fine-tuning pricing.

Called "Facebook for business," Yammer has been embraced by employees at large companies.

Its government contracts helped it navigate the recession better than most.

CEO Anil Aggarwal has a decade of experience running electronicpayments firms.

Founder and CEO Fred Luddy was CTO of Peregrine Systems and Remedy. Former Documentum CEO Jeff Miller and Proflowers.com CEO Bill Strauss became directors last year.

45

Cofounder Peter Kirkpatrick hails from Intel and CEO Varun Nagaraj led NetContinuum.

Total Equity Raised in Millions

$81.00

$80.25

$69.00

$73.35

$191.90

$90.83 $47.00

$154.20

$48.00

$54.00

$61.19

$51.25

$119.00

$50.30

$18.25

$272.44 $24.27

$71.50

$117.55

$111.50

$103.00

$130.30

$81.44

$110.00

$54.10

$57.57

$57.25

$38.00

$40.10

$128.68

$166.20

$77.20

$60.00

$21.05

$49.25

$54.24

$78.00

$130.50

$49.00

$155.50

$168.02

$78.10

$19.59

$59.80

$62.47

$40.00

$78.30

$51.50

$54.86

$31.00