Technology
Here are ten Miami startups you might not have heard of
Miami aspires to be recognized as a new technology hub. The experience of working from home during Covid led many entrepreneurs to move to the city because of its climate, diverse population and low taxes. The city already has a surprisingly thriving tech ecosystem.
The startup 'Papa' is an assistance service to help seniors stay independent at home. Papa pairs seniors and families with 'Papa Pals' to keep them company and help with household chores, even errands, transportation or just a conversation.
David Adams
Magic Leap is one of the few 'unicorns' (that's the industry term for companies worth more than $1 billion) in Miami. It manufactures virtual reality headsets for computer games and various industrial uses. Magic Leap was founded in Plantation, South Florida, in 2010, and has amassed nearly $3.5 billion in funding from investors such as Google and Alibaba. It recently announced a partnership with Google Cloud.
Tiny Broadway offers online early literacy education to elementary students by connecting kids, teachers and artists to create "an immersive learning experience". Parents can enroll their children in online book reading classes with artists of their choice. It was founded in New York and the founders, Anisa Mirza and Uros Miljkovic, moved to Miami in January.
Tony Broadway
Founded by Miami entrepreneur Manny Medina, Cyxtera Technologies operates a global network of 61 highly connected data centers in 29 global markets on four continents. Cyxtera generated an estimated $690 million in revenue in 2020. It recently became a public company through a merger that valued Cyxtera at $3.4 billion.
Cyxtera
REEF Technology began by booking parking for Miami Heat basketball games, has since bought up under-utilized parking lots across the country and now employees 10,000 people in the United States, including 3,000 alone in greater Miami. The spaces are being converted into neighborhood logistics hubs for food kitchens and other goods, using electric bike carts. A pilot scheme uses robots to make deliveries. “Covid has proven you can support a remote work force and be successful,” says REEF co-founder Philippe Saint-Juste. “People want to live in a livable city and Miami is a model of what that can be,” he added.
REEF Technology
Insightec, a incisionless surgery company uses innovative ultrasound technology to treat patients. It is another of the few 'unicorns' of the Miami tech universe, with a value in excess of $1 billion. Founded in Israel, Insightec opened its Miami headquarters six years ago, with a staff of 50 people, with plans to reach 100 this year.
Insightec
Letterhead offers technical support to businesses and individuals looking to maximize the revenue potential of newsletters for online business or media, using images, links, emojis and text, to help sell ads. It conveniently rolls into one product all ad sales, paid subscriptions and newsletter content.
Letterhead
With offices in Miami and Brazil, RecargaPay is a leading financial technology company with a mission to democratize mobile payments and financial services. The company is creating a mobile money ecosystem replacing cash, where people with or without a bank account can shop for all their financial needs.
Recargapay
Taxfyle, which has been called the "Uber of taxes," is an online accounting services startup designed to make it easy to find a professional to do your return. Founded in Miami in 2015, this fast-growing company connects clients via mobile app with a network of U.S.-based CPAs to help them complete tax returns.
Taxfyle
Pipe i s a new type of marketplace that allows entrepreneurs to grow their business by treating recurring revenue streams as a capital asset that can be used to scale without the need to acquire debt or seek new investors. The company, which relocated in 2020 from California, opened its first microhub in Miami's Wynwood business district in October.
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