By Gianluca Bellan and Andrea Hak
Hungary is a startup hub on the rise. You have undoubtedly heard of Prezi, the country's first unicorn, that has ended the reign of boring presentations worldwide, making them more appealing and interactive. The company has now procured over 100 million users $ 72.8 million in funds and made its first acquisition in 2017 . Although Prezi's success was not the first Hungarian-born starter, Prezi's success spurred the growth of an innovative startup scene.
In the year Prezi was founded, the country had already held its first English-language workshop for budding entrepreneurs in 2009, the ] Venture Accelerator Course and its "First Monday" events they started bringing together Hungary's small, groundbreaking startup community. Since then, a number of new accelerator programs, innovation labs, indigenous VCs and, of course, hot startups have sprung up. The combination of a fast-growing ecosystem and its first success story has catapulted Hungary into the international tech scene.
With lower living costs and a growing talent pool of developers, the country is quickly becoming an attractive starting point for founders as well established and highly competitive hubs as London and Berlin. For new ideas and innovative technologies, it is time to target Budapest.
Selection of the hottest young scale-ups in Europe
Together with the payment company Adyen, we set out to find the most promising new startups, based on their performance, growth and potential. The top 5 from each country will join the Tech5 a community of the hottest young tech companies in Europe and Israel. This year's new arrivals will then attend the exclusive Founders Day (8 May) and TNW Conference (9-1
Today we introduce Hungary. We researched, consulted our advisory consortium of 100 investors, influencers, entrepreneurs and experts across Europe and selected the five hottest young Hungarian scale-ups.
Find out who is Hungary's hottest young scale-ups:
If you're a mobile developer, Bitrise is the only tool you can not do without. This service platform reduces work time by automating tasks in the access control, build, test, and deployment phases. Bitrise's open source library is like a virtual Disneyland for mobile developers everywhere with more than 180 integrations. The technology is now used by brands such as Virgin Music, Careem and Buffer. In addition, this startup backed by Y Combinator has already raised $ 3.2 million in Series A funding. Keep your developers happy and rational by eliminating tedious, repetitive tasks and focusing on innovation instead.
SignAll is designed to change the lives of people who are deaf and hard of hearing. Their technology translates American Sign Language (ASL) into English and vice versa. This has the potential to revolutionize life by eliminating barriers to communication, thereby improving the employability and overall quality of life of the deaf. SignAll completed the product development and installed the world's first automated sign language translation system in Washington, DC, to enable spontaneous communication between the deaf and the hearing with no interpreter at any time. This is the first system of its kind that is actually used. Last year, SignAll won the CTA Foundation's Accessibility Award at CES Las Vegas.
If you're like us, your business depends on your users and readers. We always want to provide our loyal tech enthusiasts with the best and most relevant information. That's why we need good insights into the way they navigate to our articles and from which websites. Springtap offers its users just that. It collects data from social media sites and presents users with the results in a concise and comprehensive manner. The company has been very successful and was supported by both the Hungarian Renewal EU Fund and the New Széchenyi Plan, which aims to improve Hungary's competitiveness in the world market. Jump tab automatically personalizes the changing landscape of mass communication.
Tresorit is a cloud cryptography company providing a secure and easy-to-use file synchronization and sharing service. Tresorit's integrated end-to-end encryption helps companies protect sensitive information and comply with privacy policies such as DSGVO. With zero-knowledge encryption technology and unique encryption key management, Tresorit can provide equivalent security for on-premise businesses while providing consumer convenience. With Tresorit, users can securely access files from anywhere and easily collaborate between offices or customers. With increasing demand for secure cloud solutions to protect against data breaches, Tresorit has seen impressive growth from 60 to 100 employees in just one year, bringing in over $ 18.1 million. Last year, Tresorit also introduced a standalone, end-to-end, encrypted file sharing service, Tresorit Send ( send.tresorit.com ), which provides a secure alternative to unreliable file transfer sites and e-mail attachments. The company was founded in 2011 and now serves more than 25,000 customers worldwide, including leading companies in Europe and North America.
WebShippy is the central contact for all logistics systems of your online shop. On your platform, you can store your products, professionally pack your orders, bill them on your behalf, and deliver them to your customers at home and abroad. So you can use all the time you spend on growth-oriented logistics. Although Webshippy is a young company (founded in 2016), it has seen impressive traction from the beginning. They have expanded their team from 5 to 35 employees, they now work with over 190 clients and ship more than 30,000 orders per month. Well, how is that for growth?
Is your startup looking for financing options and new customers? Come to TNW 2019. The starter rates start at just 299 euros and bring with them a lot of advantages for you to grow.
This is part of a series in which the hottest young technology is selected companies from across Europe. Every day we cover a new country. Look out for the hottest young tech companies Belgium France Spain Portugal Italy an] Netherlands Ireland Norway Denmark Sweden Estonia . Finland Poland Great Britain Israel Germany Austria  . 19659003] and a combination of other European countries.
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