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The Tech Industry in San Francisco: Overview and Stats

 

San Francisco, without a doubt, remains the global leader in the tech industry. Pretty much everyone has heard of Silicon Valley, the region which has a long history of innovation and is the biggest IT hub in the world.

Silicon Valley is home to world’s largest tech companies like Google, Apple, Facebook, Twitter, Intel, Oracle, Nvidia, HP, IBM, Salesforce, and many more.

There are more than 160 unicorns (companies valued at over $1B) in San Francisco Bay Area and more than 30,000 tech startups, making it the #1 city/area by the number of tech related businesses.

According to data presented by Pitchbook-NVCA, in 2021 San Francisco Bay Area received the most venture funding in the US, accounting for more than 36% of all VC (venture capital) investment.  

While lots of IT professionals and tech companies have left California due to multiple reasons: 2020-2021 Covid pandemic, high taxes, high rent prices, pollution, crowds, etc., the tech scene in San Francisco is thriving again, mainly because of Artificial Intelligence which is booming.

Office workers, tech professionals and even tourists are now returning to San Francisco, even though lots of employees still prefer the remote or hybrid work schedule. 

There are multiple reasons why San Francisco is still the leading tech hub in the US and in the world:

  • Proximity to Silicon Valley

  • Proximity of prestigious universities like Stanford and Berkeley

  • Tech giants headquartered in the area

  • Thousands of tech startups

  • Tech-savvy population and students

  • Venture capital funds

TechBehmoths lists more than 490 IT service providers from San Francisco. If you require a reliable tech company to execute your projects, feel free to browse the agency profiles on our website and select the best partner based on your business needs.

You can shortlist the companies by using the advanced filter and get in touch with them to get free quotes and initiate successful business partnerships. The service is risk free and you don’t have to hire anyone if you’re not ready to proceed or need more time to research.