Y Combinator's 2024 RFS - Analyzing Fastest Growing Companies Ep 1

With investments in over 4,000 companies since its inception in 2005, that have a combined valuation of over $600 Billion, Y Combinator is the most prolific early-stage investor in Silicon Valley.

Every year, Y Combinator (YC) accepts around 350-400 companies from its half-yearly batches. And before opening applications for each batch, it releases an RFS (Request for Startups), laying down exactly which sectors it is keen to invest in.

YC targets these industries as ones that 1) could produce great returns and 2) help the world and society in some way. 

The early application period for the Summer’24 batch is already live and Y Combinator has released a list of 21 sectors in its latest RFS.

We dove into the list and analyzed startups from 5 sectors in the RFS: Climate Tech, Space Tech, AI for enterprise software, Biotech for Cancer Cure and Devtools. We present below the fastest growing companies in these sectors:

Amogy, is a sustainable energy startup, working on a novel carbon-free energy system using ammonia as a renewable fuel, is growing at >100% YoY.

The graphs are for companies >50 employees.

San Francisco based Loft orbital, which allows its customers to deploy and operate their payloads on reliable high-performance satellites, recorded an impressive 58% YoY headcount growth.

With a staggering 173% YoY growth, Sequoia and OpenAI backed Harvey is a GenAI company, building the future of professional services.

Radformation, with a special emphasis on intelligent automation in radiation oncology, sits on the top of the list with 36% YoY growth.

Typedream, a value-for-money Webflow alternative, clocked a stunning 136% YoY employee growth (For companies >50 employees).

This is the first in the series of the 4 newsletters we’re going to be doing over the next few weeks, covering all the sectors listed in the latest RFS released by YC. 

Maybe you will see some of these companies announcing an investment from YC in the next couple of months

Follow Crustdata on LinkedIn for more insights into growing companies across industries.

About the data

The data seen above is from Crustdata - the most accurate AI powered alternative data platform for private growth stage investors and sales leaders. It indexes billions of public data points on companies every week to provide an edge over the private market.