Arizona’s Hottest Companies Conference
Delivered – Virtually
March 6, 2025
Welcome to Davos in the Desert’s Arizona’s Hottest Companies Conference. Listen to CEOs of some of Arizona’s most dynamic companies tell us about the ground-breaking products they are bringing to the market. Hear about their addressable markets, business models and go-to-market strategies. Join us virtually on March 6, 2025, and gain unparalleled insight into breaking developments in Arizona’s Hottest Companies .
Here are some interesting facts about Arizona
- Arizona has 3,928 mountain peaks and summits—more mountains than any other Mountain State.
- Yuma, Arizona is considered the sunniest city on Earth, receiving an average of 4,015 hours of sunshine per year.
- Arizona’s climate can produce both the highest and lowest temperatures in the United States on the same day.
- Arizona has the largest percentage of land designated as Indian lands of any state.
- The London Bridge was relocated from England to Lake Havasu City, Arizona in 1968.
- Two of the top-rated waterfalls in the United States are located in Arizona: Grand Falls and Havasu Falls.
- The Sonoran Desert is home to nearly 3,500 species of plants, 500 species of birds, and 1,000 species of bees.
Arizona’s economy has been experiencing significant growth, with a gross state product of $508 billion in 2023. The state has consistently ranked among the fastest-growing in the nation, with its GDP growth rate often exceeding 2% over the past decade. Also:
- The state ranked in the top 4 of “Best States For Business” according to Chief Executive Magazine in 2022, climbing six spots from the previous year.
- Setting up an LLC in Arizona is relatively easy and affordable, costing only $50 if done independently.
- The Grand Canyon State is home to over 75 semiconductor companies. Since 2020, Arizona has attracted over 40 semiconductor projects, representing over $102 billion in capital investment and more than 15,700 direct jobs.
- Arizona has a strong presence in advanced manufacturing, with companies like Intel Corporation and LG Energy Solution making significant investments in the state.
- Arizona’s renewable energy potential, particularly in solar and wind power, is attracting environmentally conscious corporations.
Arizona has vibrant research and development initiatives. The state has research centers, technology parks, and innovation hubs that encourage knowledge sharing and collaboration among businesses. Furthermore:
- Arizona is home to top-ranked aerospace engineering programs, such as Embry-Riddle University.
- Arizona has invested in programs like AZSkyTech to position itself as a premier location for testing and advancing unmanned aircraft systems technology.
- The state is home to more than 1,200 aerospace and defense companies, including major players like Boeing, Honeywell Aerospace, and Raytheon Missile Systems.
- Arizona offers a Research and Development tax credit equal to 24% of the first $2.5 million in qualifying expenses, plus 15% of qualifying expenses exceeding $2.5 million.
Arizona companies secured 32 deals totaling $360.5 million in the second quarter of 2024. In prior quarter, early-stage Grand Canyon State companies raised $273.9 million across 30 deals. Specific capital raises by Arizona companies include:
- Virtuous raised $100 million in a minority growth investment led by Susquehanna Growth Equity on September 19, 2024. Virtuous provides software solutions for nonprofits to streamline fundraising, marketing, and donor development processes.
- AudiencePlus secured a $7 million funding round on September 10, 2024. AudiencePlus develops a software platform for marketing firms to improve audience engagement.
- Nectero Medical raised $96 million in a Series D round in May 2024, which was the largest deal in Arizona during the second quarter of that year.
Registration is free for members of Davos in the Desert. The registration price for non-members is just $10. Registration is for one attendee. No refunds.