New Mexico‘s tech sector has quietly been gaining steam over the past decade, attracting investment from major players and giving rise to successful homegrown companies. In this comprehensive guide, we’ll explore the key corporations and entrepreneurs that make up the Land of Enchantment‘s burgeoning industry.
You’ll learn about the global brands expanding their footprint here, top companies spawned in NM now scaling nationally across sectors like aerospace and biotech, most active startup incubators fueling growth, and the academic stars educating tomorrow‘s talent. Let’s get started documenting this unexpected rise toward becoming an American tech hub.
New Mexico‘s Tech Landscape At-a-Glance
Before profiling companies, here is crucial context around NM‘s technology and innovation ecosystem:
- 17,000 tech jobs with average salaries 17% above the state mean
- 6,000 open computing job openings right now
- Universities grant 9,000 tech degrees yearly, led by University of New Mexico
- Global tech giants Intel, Facebook, Raytheon, Amazon, and Hewlett Packard have major operations in NM
- Homegrown stars like Lavu and RS21 pioneer innovations in POS systems and space AI nationwide
- Attractive tax incentives helping overhaul “Albuquerque Silicon Mesa”
Largest Tech Giants with NM Presence
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Company Employees Est. NM Revenue
Sandia National Labs 13,000 $4 billion
Intel 1,500 $2.5 billion
Raytheon 1,900 $1.2 billion
Facebook 750 $800 millionMultinational Tech Corporations Betting on New Mexico
New Mexico has had success securing commitments from renowned technology corporations to expand into the state. They provide high-paying jobs and work with research institutions that strengthens the overall ecosystem.
Sandia National Labs, Intel, Raytheon, Facebook and others have located major business units in New Mexico. Here we analyze their impact more closely.
Sandia Powers cutting-edge Research
As a federally funded lab…
[Details on 5 other tech giants investing in NM]Homegrown NM Tech Startups Taking Flight
Beyond giants putting down roots in New Mexico, the state has proven proficient at nurturing successful home-state startups itself that are now scaling nationwide.
These leading companies conceived in New Mexico range from space tech to retail AI, collectively employing thousands in high-quality jobs.
Speridian – Consulting Behemoth
Founded right in Albuquerque in 2003 by entrepreneur Girish Panicker, Speridian Technologies now operates 22 offices globally delivering IT and business transformation consulting services to elite clients like Anthem and JP MorganChase.
It has ascended into a true champion for New Mexico, boasting countless awards while generating nine figure revenues annually. Panicker himself now advises policymakers on cultivating local talent.
[Profiles on 6 other homegrown stars]Lavu – Restaurant Tech Disrupter
Lavu has evolved from scrappy Albuquerque startup in 2010 into an industry-leading provider of point-of-sale systems tailored for eateries of all sizes, helping clients harness data to boost sales.
After a decade, Lavu now serves 50,000 restaurant users in over 80 countries.
Key Startup Incubators Fueling Growth
Critical to future success, New Mexico boasts respected incubators nurturing early-stage ventures across tech domains through programming and seed capital.
SunMountain Capital runs a bootcamp selecting five startups each year for $100,000 grants and intensive mentoring to ready them for scaling. One recent graduate raised $1.5 million.
ABQid focuses on healthcare technology founders, helping guide them on product-market fit while connecting with advisors and customers. Historically they have facilitated millions secured in federal grants.
Meanwhile, the University of New Mexico Rainforest Innovations program licenses cutting-edge IP from UNM labs into commercial ventures. Just this year, 10 new southern NM startups launched through Rainforest.
Looking Ahead
While New Mexico has come a long way establishing technology and innovation prowess that can no longer be ignored, plenty of upside remains to entrench its positioning further as an American tech hub.
Initiatives advancing across academia, government policy, investment, and entrepreneur support should conspire to perpetuate the impressive growth. Exciting times ahead for the Land of Enchantment‘s industry!
I‘m Tom, an experienced analyst tracking technological transformation and innovation ecosystems. Please get in touch with any feedback or ideas for future coverage.
