The Tech Industry in New York City: Overview

 

New York City (NYC) is not Silicon Valley, but it’s one of the biggest tech hubs in the US. It was named Silicon Alley in the 1990s, having multiple tech companies operating in Manhattan.

The Silicon Alley name didn’t stick, but NYC proved to be a thriving and emerging IT hub with high ambitions. NYC is also referenced as “The Big Apple”, “The Melting Pot”, “The Capital of the World” and has multiple nicknames due to its massive diversity. 

According to the Office of the New York State Comptroller, there are more than 10,000 IT companies in NYC, which represents a growth of over 34% over the past couple of years, and software publishing is one of the fastest growing tech subsectors.

In 2022, there were 110 unicorns (companies valued at more than $1B) in NYC, based on the research presented by CB Insights. This makes New York the 2nd biggest city in the US by the number of unicorns & tech startups, just behind San Francisco with 167 unicorns. 

Some of the leading tech companies like IBM, Etsy, Vimeo, Squarespace, Shutterstock, Bloomberg, etc, are headquartered in NYC.

VC (venture capital) firms invest heavily in NYC based tech startups. Venture funding in New York City boomed in recent years and reached tens of billions of investment to support IT companies from various industries like fintech, healthtech, security, AI, blockchain and more.

There are more than 1,260 IT companies from New York, registered on TechBehmoths. They provide multiple services ranging from branding, web design, advertising to software development, cloud consulting and application testing.

A vast majority of these companies have verified profiles with examples of their previous works, price ranges, client testimonials and technologies used.

Browse their profiles or use our powerful filter to choose the right service provider to work with. The service is free and there is no obligation to hire.