.Tech turns 4 years old this month and Radix, a sponsor here on TheDomains, sent out a press release with regards to the amount of funding raised by companies operating on a .tech. To date over $2billion has been raised in Venture Capital.
22nd Aug, Dubai. Radix, one of the world’s leading new top-level domains registries, today announced that at least 170 startups on .tech have raised over $2B in VC funding between 2017 to 2019 (source: Crunchbase). These startups are spread across industries such as Auto, Crypto, Mobility, Energy, etc. Based on an analysis of startups that are listed on Crunchbase as of June 2019, there are over 250 new top-level domains that are in use by startups. However, .tech is the most popular among them with 650+ startups using it.
Speaking about .tech’s popularity amongst startups and investors, Suman Das, Director of Brand Operations, Radix, said, “Since its launch, there has been a steady organic uptake across the tech industry with startups, small tech businesses, thought leaders, pioneers, and communities adopting .tech domain extension for branding their online presence.”
.tech boasts of a wide array of usage from top-notch industry pioneers such as Consumer Electronics Show, CES® (www.ces.tech), Viacom (www.viacom.tech), and Intel (www.insight.tech), to name a few. The domain extension has also garnered significant interest from coveted social media influencers such as Austin Evans (AustinEvans.tech with 12M+ social reach), Edgar Oganesyan (DealSource.Tech with 1.8M+ social reach), and Dom Esposito (Dom.tech with 500K social reach), amongst many others.
“Our primary focus has always been to ensure that .tech is presented as an enabler of tech and product innovation to the growing community of technology enthusiasts, and to increase awareness of not just .tech but also the new top-level domains industry on the whole”, Suman Das further added.
With this in mind, .tech has supported over 17K students of technology through hackathons, and thousands of other developers across the globe through exciting partnerships with premier tech schools, and leading tech platforms such as GitHub. Github was acquired by Microsoft last October, and to be associated with such reputed brands is definitely a step in the right direction to add more credibility to .tech and other new top-level domains.
Based on independent market research conducted by Radix among tech professionals and tech students in North America in June 2019, one in two respondents (with a Confidence Level of 95%) were found to be aware of .tech domain extension. In addition, .tech was found to be most associated with attributes such as credibility, uniqueness, and suitability for tech businesses in the context of domain names.
Speaking about the future plans of the brand, Suman Das added, “We will continue with our efforts to amplify the visibility for .tech amongst the tech ecosystem. With high-impact partnerships and adoption across the spectrum, we wish to make .tech the most sought-after domain extension in the global tech industry.”
.tech, which completes 4 years this August, is one of the premier domain extensions in Radix’s new top-level domains portfolio which also includes .store, .site and .online. As of July 2019, Radix has over 5M domains under management.
About Radix
Radix is one of the world’s largest new top-level domains portfolio registries with 9 new extensions that include .ONLINE, .STORE, .TECH, .WEBSITE, .SPACE, .PRESS, .SITE, .HOST, and .FUN; as well as 1 re-purposed ccTLD, .PW. Through these extensions, Radix is empowering business owners to get short, memorable and descriptive domain names which can be used for a website, email address, or a variety of other internet addressing purposes. To learn more, please visit: www.radix.website or connect on Twitter @radixregistry and Facebook /radixregistry.
Terrible extension, those companies will need a lot of funding to change names.
Far from a terrible extension to build a tech site on. Now whether we as investors can make a lot of money, that’s another story.
Yes only 24 reported sales is not very good. I do not own any .tech names, but when it came out I thought I would own some and it was a solid keyword. These just are not for investors.
So it is no good for you but others should run a whole business off it? Sounds like a false endorsement to me.
Where is there a false endorsement? Domain names were invented to build websites, not for people to sell them for profit. So a .tech for a technology website makes sense but we see not many sales for a domain investor, apples and oranges.
New tlds were invented to make money for registries, that mostly comes from domainers and defensive registrations.
Nice spin. However, just because startups using the extension raised a lot of money does not mean the long term viability of the extension. There were lots of startups using .cc, .pro, .info.