This city in California is the new epicenter of technology startups in the United States

San Francisco is the epicentre of tech startups in the US (REUTERS/Carlos Barria)

Saint Francis in California has become the epicenter of technology startups, especially those focused on artificial intelligence (AI) in USA.

A data analysis shared by the venture capital fund SignalFire indicates that the region Bay Area It is home to 49% of all engineers at major tech companies and 27% of startup engineers in the United States.

The proportion of technological engineers in the area of Bay has been increasing since 2022, indicating a growing concentration of this talent. The region is also home to 12% of the most prominent venture-backed founders and 52% of startup employees.

49% of engineers at big tech companies are in the San Francisco Bay Area. (REUTERS/Carlos Barria)

Josh Constinepartner of SignalFire and former reporter for TechCrunchstated in a blog post that “San Francisco (SF) continues to dominate all other US cities in terms of concentrations of talent and technological capital”he said.

An illustrative example is Daniel Lentonfounder of Unify. Originally based in Berlin, Lenton decided to move the headquarters of his startup to San Francisco. Unifyspecialized in a neural router that optimizes the use of LLM (Large Language Models)has raised $8 million from investors such as SignalFire, M12 Capital of Microsoft y A.Capital Ventures of Ronny Conway.

While he initially found it easy to have conversations with venture capitalists while in Berlin, Lenton saw the advantages of a physical presence in San Francisco. after his participation in Y Combinator“Within a week I had daily meetings in different offices of other AI tech startups,” he recalled.

This growing concentration of talent has turned San Francisco into an epicenter of technological development. (Illustrative Image Infobae)

For its part, Anh-Tho Chuongco-founder and CEO of the open source billing platform Lagoalso decided to move to San Francisco from Paris.

Although it had initial plans to move its headquarters to New York Due to the ease of travel and time zone, your experience in San Francisco during May made him change his mind. “A year ago, everyone said SF was dead, but now I see that everyone is back”said Chuong. Lago has raised a total of $22 million from various investors, including SignalFire y FirstMark.

Jason Lemkinfounder of SaaStrhe recently stated in a post on X who has returned full time to the area of ​​the Bay of San Francisco and noted that the region is “clearly the center of the AI ​​boom.”

The decision of Chuong was based on the ease of building your business in San Francisco: “We feel that the talent pool is better. Also, the client pool is better here in San Francisco than anywhere else.”.

The region is home to 12% of the most prominent founders and 52% of startup employees. (Illustrative image Infobae)

Lagowhich offers an open source alternative to Stripe focused on usage-based billing, has been growing primarily by word of mouth and inbound requests, many of them from companies in the area of Bay.

Both Lenton as Chuong They highlighted the role of Y Combinator and other accelerators in creating an enabling environment in San Franciscoincluding numerous event and meetup opportunities that foster informal and valuable connections between founders and other players in the tech ecosystem.

As described by the partner of Y Combinator, Diana Hu: “San Francisco is the place in the world where you can make luck”referring to the concentration of resources and spontaneous interactions that facilitate the growth and success of startups.