It is already becoming common practice for large vendors such as Google, Amazon, Microsoft, and the more-consumer-oriented Apple and Facebook to acquire tech startups with huge potentials. The idea is usually to obtain the best talents and boost the existing capabilities of the startup’s products. This is often a regular occurrence with AI startups and is fast becoming the ultimate way for these firms to grow.
A significant challenge to the startup’s long-term sustainability is the ability to get the talent that it needs. Tech workers are currently in high demand, and the competition is stiff among many companies. Take, for instance, the cybersecurity field. There is so much demand for workers in this field that vacancies continue to grow, while there’s near-universal employment for all.
Amidst the many possible challenges, the number of tech startups continues to increase, and we can say that access to funds has played a significant role in this. However, some of these startups are beginning to stand out from the rest with their quality products and meteoric rise. There are going to be many more of these startups in 2020. According to numerous essay writing reviews, the following cutting edge technology startups are worth keeping an eye upon in 2020.
