Company Attributes 1034% Revenue Growth to High Demand for Flexible, Efficient Data Center Architectures to Meet the Data-intensive Demands of Artificial Intelligence
Liqid, the world’s leading software company delivering data center composability, announced it ranked 131 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Liqid grew its revenue 1034% from 2017-2020.
Liqid CEO & Cofounder Sumit Puri credits the mainstreaming of AI and other high-value applications, as well as the need to improve data center efficiency and flexibility for the company’s 1034% revenue growth. Puri said: “We are honored to be recognized among the Deloitte Technology Fast 500 for the second year in a row as we continue to experience hypergrowth due to the incredible demand for our Liqid Matrix™ composable disaggregated infrastructure software. As artificial intelligence (AI) continues to permeate every corner of the data center creating new challenges, Liqid’s adaptive software platform reduces overall hardware footprint and energy consumption, while more fully utilizing IT architecture to meet the demands of these evolving, high-value applications.”
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“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
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Liqid Matrix software enables IT users to configure bare-metal servers in seconds. With Liqid Matrix, independent resource pools of GPU, NVMe storage, FPGA, storage-class memory, intelligent networking, and other high-value accelerators are orchestrated and scaled on demand to instantly address the requirements of the specific workload. Once the workload is complete, resources are released back into the pool for use by other applications. This eliminates the need for costly overprovisioning of infrastructure and reduces power and cooling requirements to enable the most efficient and sustainable data center performance at previously impossible scales. With Liqid Matrix CDI software solutions, IT organizations are better prepared to efficiently manage and grow their infrastructures to address the performance and efficiency requirements associated with AI.
Liqid previously ranked 212 as a 2020 Deloitte Technology Fast 500™ award winner.
Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.
