Deloitte Unveils 2020 North America Technology Fast 500 Rankings
Deloitte released its “North America Technology Fast 500,” an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech and energy tech sectors, now in its 26th year.
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Arrowhead Pharmaceuticals Inc. claimed the top spot with a growth rate of 106,508% from 2016 to 2019. Based out of Pasadena, California, Arrowhead Pharmaceuticals develops medicines that treat intractable diseases by silencing the genes that cause them. Using a broad portfolio of RNA chemistries and efficient modes of delivery, Arrowhead therapies trigger the RNA interference mechanism to induce rapid, deep and durable knockdown of target genes.
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
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Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2016 to 2019. Overall, the 2020 Technology Fast 500 companies achieved revenue growth ranging from 175% to 106,508% over the three-year time frame, with a median growth rate of 450%.
The Technology Fast 500’s top 10 include:
|
2020 |
Company |
Sector |
Revenue Growth |
City, State |
|
1 |
Arrowhead Pharmaceuticals Inc. |
Biotechnology/pharmaceutical |
106,508% |
Pasadena, California |
|
2 |
Ultragenyx Pharmaceutical Inc. |
Biotechnology/pharmaceutical |
77,880% |
Novato, California |
|
3 |
Branch Metrics |
Software and SaaS |
48,918% |
Redwood City, California |
|
4 |
OneTrust |
Software and SaaS |
48,337% |
Atlanta, Georgia |
|
5 |
Transmit Security |
Software and SaaS |
45,688% |
Boston, Massachusetts |
|
6 |
Drift |
Software and SaaS |
35,475% |
Boston, Massachusetts |
|
7 |
Karyopharm Therapeutics Inc. |
Biotechnology/pharmaceutical |
26,454% |
Newton, Massachusetts |
|
8 |
CharterUP |
Software and SaaS |
24,737% |
Atlanta, Georgia |
|
9 |
Cara Therapeutics Inc. |
Biotechnology/pharmaceutical |
23,023% |
Stamford, Connecticut |
|
10 |
Akebia Therapeutics Inc. |
Biotechnology/pharmaceutical |
21,724% |
Cambridge, Massachusetts |
Silicon Valley has largest share of winners
Deloitte’s Technology Fast 500 winners represent more than 36 states and provinces across North America. California’s Silicon Valley continues to produce fast-growing companies, leading regional representation with 20% of this year’s Fast 500. The New York metro area featured 13% of the winning companies; New England had 7%; Greater Washington, D.C. and Greater Los Angeles each accounted for 6%.
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