Tech News Summary:
- Deloitte has revealed its annual ranking of the top 500 fastest-growing North American companies in the technology, media, telecommunications, life sciences, financial technology, and energy technology sectors for 2023, with software and services dominating the list.
- The top ten companies on the list include Vir Biotechnology Inc., Mobile Mode Inc., Revance Therapeutics Inc., Moderna Inc., Seer Inc., fubo Digital Content/Media/Entertainment, Fireblocks Financial TechnologyPallette Energy and Sustainability TechnologyDapper Laboratories Inc., and TaxBit Software and Services.
- Software and services companies have consistently topped the Technology Fast 500 list for the past 28 years, representing the majority of winners, with life sciences coming in second and fintech rounding out third place.
In a highly anticipated announcement, Deloitte has unveiled its annual ranking of the top 500 fastest-growing technology companies in North America for 2023. The list, known as the Deloitte Technology Fast 500, showcases the remarkable achievements of tech companies that have demonstrated exponential revenue growth over the past year.
This year’s ranking is a testament to the resilience, innovation, and adaptability of the tech industry, particularly in the face of challenging global circumstances. The companies featured on the list represent a diverse range of sectors, including software, hardware, biotech, telecommunications, media, and energy tech.
Topping the list is a mix of established industry leaders and emerging disruptors, all of which have demonstrated exceptional growth and potential. Deloitte’s rigorous evaluation process takes into account each company’s revenue growth percentage over a three-year period, assessing the relative strength of their business models and strategies.
According to Deloitte, the top 500 companies have achieved an impressive average revenue growth of 717% over the past three years, collectively generating total revenue of $20.9 billion in 2022. This year’s list also reflects a notable trend towards sustainability and social responsibility, with many companies leveraging technology to address pressing global challenges.
The 2023 Deloitte Technology Fast 500 serves as a valuable resource for investors, entrepreneurs, and industry professionals seeking to identify the most promising and influential players in the North American tech landscape. As the tech industry continues to evolve and expand, these companies are positioned to drive meaningful impact and shape the future of the digital economy.
Deloitte’s recognition of the top 500 fastest-growing tech companies in North America not only celebrates their remarkable success but also highlights the crucial role that technology plays in driving economic growth and innovation. The companies featured on the list are poised to make significant contributions to the ongoing transformation of industries and the way we live, work, and connect in the years to come.