Nowadays Amsterdam has developed into a leading digital city, hosting unicorn companies like Booking.com and Adyen in addition to a staggering number of startups oriented to sustainability.
According to Dealroom, tech firms in Amsterdam have valued a total of $230 billion as of July 2022. Some of Europe’s leading companies, including the famous conference room and coworking name The Next Web, call it their home. Let’s get acquainted with the driving forces of Amsterdam.
TestGorilla, 2019
The company maintains a platform that offers skill-based exams to organizations in order to make recruiting easier by recognizing the best of the best. They think that it is vital to assess not just professional skills but also cognitive talents such as logic and mathematics and that the combination of these examinations is the best predictor of whether someone would succeed at work.
The team serves 5,000 customers from 120 countries. According to Crunchbase, TestGorilla secured $70 million in the summer of 2022, bringing total investment to $81.2 million.
Seenons, 2019
It is a platform that links businesses that wish to dispose of garbage with those who can benefit from it. A cyclical economy, in other terms.
Companies launch the app and report their trash. Furthermore, a team of 59 individuals picks the best transportation plan based on the location, amount, and kind of garbage. They then pair them with companies that can utilize their garbage as raw materials in their manufacturing process (orange peels for making liqueurs, avocado pits for dyeing fabrics, etc.).
Overstory, 2018
Overstory monitors deforestation prevents wildfires and protects infrastructure and power networks from falling trees by integrating satellite photography with machine learning.
Overstory uses data from its clients in the forestry sector, as well as data from its own foresters and customers, to train its AI to detect and evaluate the numerous varieties of trees in various phases of development and health.
Overstory now employs 34 staff spread across Europe and North America.
The Fabricant, 2018
As one of the earliest members of the metaverse, as per buidlbee, the firm describes itself as a fashion boutique that creates “digital-only apparel” for online avatars to wear.
The Fabricant Studio, a source that allows users to customize virtual clothing and coin them as NFTs on the in-game Flow blockchain, was introduced in 2021. The idea is to assist people in developing their own “metaverse wardrobe.”
The firm raised $14 million, the majority of which came from a Series A investment sponsored by actor-turned-VC Ashton Kutcher in April 2022.
Terraform, 2021
Terraform’s goal is to use robotics and software to improve the construction industry. The goal is to develop intelligent devices capable of fully automating on-site construction and therefore lowering expenses.
This should bring in a new age of inexpensive housing that does not compromise on beauty. Robots will build complicated buildings at no extra expense while boosting efficiency and safety, ensuring that no workers are injured.
Fiberplane, 2020
The firm is primarily concerned with developing remote communication tools for IT workers dealing with technical issues such as network outages or application failures.
As of the end of 2021, the firm has 13 workers in Amsterdam, as well as offices in the United Kingdom, Germany, Denmark, and the United States. Fiberplane received an $8.8 million initial round headed by Notion Capital and Crane Venture Partners in September 2021.
SingularityNET, 2017
The startup intends to harness cryptocurrency’s decentralized system to democratize AI and ensure that the AI singularity occurs on a human-owned network rather than in a tech giant’s lab.
The startup has launched an “AI marketplace” where specialists may construct decentralized blockchain-powered AI apps.
In addition to the $36 million in Ethereum raised during the ICO, they got $25 million from alternative investment firm LDA Capital in May 2022.
Hadrian, 2021
This is a security firm that uses a “hacker’s eye” approach to assist clients in identifying and repairing weaknesses in their IT infrastructure.
Instead of looking for flaws within the client organization, Adrian’s six-man hacking team begins by seeking access points inward from the outside, much as a genuine attacker would.
In 2021, the company received a $2.6 million seed investment from early venture capital firm Village Global, and in June 2022, it received a $10 million initial round from German HV Capital.
Dott, 2018
One of Europe’s most successful enterprises in the realm of micro-mobility. Dott now has 10,000 electric bikes and 40,000 scooters in 17 European cities, as well as offices across 12 countries.
The firm takes pride in both its sustainability (all of its cars are powered by renewable energy) and its capacity to gain the trust of regulators by obtaining difficult-to-find operating permits in Paris and London.
So far, the business has raised $210.8 million in investment.
