systemd, Upstart, and SysV init are all init systems used within Linux systems. An init system is the first process executed by the kernel at boot time, which has a process ID (PID) of 1, and is responsible for starting and managing all other processes on the system. Different init systems have different features, advantages, and disadvantages. Some of the most common init systems are:

systemd: A relatively new and modern init system that aims to provide a unified and efficient way of managing system and service states. It is compatible with SysV and LSB init scripts, and supports features such as parallel processing, socket activation, logging, job scheduling, and more. It is the default init system for many popular Linux distributions, such as Fedora, Debian, Ubuntu, Arch Linux, and others12.

Upstart: An event-based init system developed by Ubuntu as a replacement for SysV init. It starts and stops system tasks and processes based on events, such as hardware changes, network availability, filesystem mounting, etc. It is a hybrid init system that uses both SysV and systemd scripts, and supports features such as parallel processing, dependency tracking, logging, and more. It is the default init system for some older versions of Ubuntu, and some other Linux distributions, such as Linux Mint and Chrome OS12.

SysV init: A mature and traditional init system that follows the System V (SysV) design of Unix operating systems. It uses a series of runlevels to define the state of the system, and executes scripts in the /etc/rc.d or /etc/init.d directories according to the current runlevel. It is simple and stable, but lacks some features of modern init systems, such as parallel processing, event handling, dependency tracking, etc. It is still used by some Linux distributions, such as Slackware, Gentoo, and others12.

References: 1: 6 Best Modern Linux ‘init’ Systems (1992-2023) - Tecmint 2: 10 Best Linux init systems as of 2023 - Slant.