10 Seattle Tech Companies Rank Among the Fastest Growing in North America

A total of 19 Washington tech companies have earned a spot on Deloitte’s 25^th annual North America Technology Fast 500, which ranks companies by revenue growth over a three-year period.

Three Seattle-based tech firms made the top 50 of the Fast 500 list. Outreach ranked fourth, followed by Flexe, at No. 38and Highspot Inc. at No. 41.

Outreach Corp offers cloud-based software propelled by machine-learning and artificial-intelligence capabilities to help clients communicate with sales prospects. It notched an impressive revenue growth rate from 2015 to 2018 of 16,069%, according to Deloitte’s rankings. The company has offices in three states, employees across 12 states and is valued at $1.1 billion.

Dubbed in some media reports as the “AirBnB of warehousing,” Seattle-based Flexe oversees a network of more than 1,000 warehouses that are connected through an online platform that allows the logistics company to offer on-demand warehousing services to customers, making it possible for them to dynamically manage their supply chains and warehousing-capacity needs. Flexe recorded a 3,338% growth rate over the three-year period, according to Deloitte.

Highspot, a sales-enablement technology company, helps its customers, such as Amazon, Starbucks and Dropbox, leverage marketing and sales resources via a powerful digital platform that features search capabilities, analytics, training, guided selling and some 50-plus technology integrations — all powered by an artificial-intelligence engine.

The median growth rate of companies on this year’s Fast 500 list was 439%, with more than three-quarters of them being private companies and 85% of them backed by venture capital at some point in their history.

The Silicon Valley dominated the list, accounting for 19% of the 500 companies making the rankings. In addition, for the 24th year in a row, software companies continued to notch the highest growth rates, representing 68% of the companies on the list and eight of the top 10 winners.

“As technology innovation trends toward ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” says Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte's audit and assurance practice.