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Metro area · North America

Upstate New York

Metro area · United States · Pop. 6.4M

A public taster of the full Upstate New York ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

$22.2B+17%
Combined startup EV
$307.4M
VC invested (last 12mo)
990
Tracked startups
#174/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
3
3 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
0
🐎 Thoroughbreds
6
Top 1% growth · $500M+

Adjacent cities by EV

Startup funnel

Upstate New York's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
337
Seed
242
Series A
153
Series B
60
Series C
42
Unicorn
3

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Notable companies

Top private companies in Upstate New York

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Unicorns $1B+ valuation 3
Plug PowerACV AuctionsCuria
Thoroughbreds+ $100M+ revenue 4
CuriaACV AuctionsPlug PowerAcorda TherapeuticsSynacor

Academia

Upstate New York's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Upstate New York.

University-linked startup formation
54
University spinouts
3,646
Total alumni-founded companies
2,161
Of which startups (<$15M raised)
1,075
Breakouts ($15M-100M)
410
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Upstate New York stacks up

Peers chosen from the same country (United States), sized closest to Upstate New York by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$68.5B
$67.4B
$64.6B
$58.9B
$55.1B
$44.9B
$40.5B
Upstate New York
$22.2B
EV growth (5-yr ×) vs current EV
peer median 4.0× 1.1× 74.1× 147.0× $5.1B $321B $20.1T EV growth (5yr ×) Combined enterprise value (log) Bay Area Seattle Austin New York City Boston Los Angeles Miami San Diego Washington DC Chicago Dallas Philadelphia Research Triangle Phoenix Atlanta Salt Lake City Denver Minneapolis–Saint Paul Houston Upstate New York

Top overview

United States — top cities

Top cities in United States ranked by combined EV. Upstate New York's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 Bay Area $20.1T 7.9× 777 $157B 24.3K
2 Seattle $3.1T 10.6× 68 $6.6B 2,935
3 Austin $2T 14.0× 56 $8.1B 2,481
4 New York City $1.7T 5.3× 296 $31.2B 16.4K
5 Boston $1.2T 4.7× 185 $13.6B 6,194
6 Los Angeles $1.2T 5.8× 133 $18.3B 8,432
7 Miami $619B 12.9× 33 $2.9B 2,736
8 San Diego $399B 6.2× 52 $3.3B 2,230
9 Washington DC $317B 4.2× 45 $3.5B 2,318
10 Chicago $256B 3.5× 50 $2.1B 2,924
11 Dallas $195B 3.9× 31 $1.5B 1,866
39 Upstate New York $22.2B 2.2× 3 $307.4M 990

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Upstate New York dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Upstate New York's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Upstate New York's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Upstate New York's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Upstate New York's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Upstate New York
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Upstate New York
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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