FAQ: AcuityMD and Other Startups on Forbes’ Next Billion-Dollar Startups List

What is the Forbes Next Billion-Dollar Startups list?

The Forbes Next Billion-Dollar Startups list is a selection of 25 U.S.-based, venture-backed companies valued under $1 billion, identified for their high potential to become unicorns, with a focus on AI and other innovative sectors.

Why is the Forbes Next Billion-Dollar Startups list significant?

The list is significant because it has a strong historical record, with more than half of its past alumni achieving unicorn status, indicating its reliability in identifying future industry leaders.

How are companies selected for the Forbes Next Billion-Dollar Startups list?

Companies are selected through a nomination and evaluation process that considers founders, early traction, investor backing, and 2024 revenue estimates, combining journalists’ reporting with quantitative analysis.

Who is AcuityMD and what do they do?

AcuityMD is a Boston-based startup that helps medical device manufacturers find the right physicians by using de-identified patient data to craft marketing plans, with customers including Synchron and Intellijoint.

What are some other notable startups on the Forbes list?

Other notable startups include Agentio, a marketplace for brands to find influencers; Basis, which makes AI accounting software; Graphite, with an AI assistant for code reviews; and Rogo, building a chatbot for junior bankers.

Where are these startups located?

The startups are located across the U.S., including Boston, New York, Los Angeles, and Maryland, showcasing a broad geographic distribution of innovative companies.

Who are the lead investors in AcuityMD?

AcuityMD’s lead investors include Benchmark, Iconiq, and Redpoint, highlighting strong venture backing for the startup.

What is the focus of the startups on the Forbes list?

The focus is predominantly on artificial intelligence, with applications spanning healthcare, accounting, defense, and creative tooling, reflecting the broad impact of AI across industries.

How does AcuityMD’s service benefit medical device manufacturers?

AcuityMD’s service benefits manufacturers by enabling them to find physicians based on the patients they treat, using extensive de-identified data to tailor marketing plans effectively.

What is the historical success rate of companies on the Forbes Next Billion-Dollar Startups list?

Historically, 56% of the list’s alumni have become unicorns, with only 2% imploding or shutting down, demonstrating the list’s accuracy in identifying successful startups.