A total of 19 Washington tech companies have earned a spot on Deloitte’s 25th 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.
Washington companies making Deloitte’s North America Technology Fast 500 rankings are listed below, by rank, followed by their industry segment, revenue-growth percentage between 2015 and 2018; location; and CEO’s name.
Seattle Tech Companies Making the List
4 - Outreach; software; 16,069%; Seattle; Manny Medina
38 - FLEXE; software; 3,338%; Seattle; Karl Siebrecht
41 - Highspot; software; 3,172%; Seattle; Robert Wahbe
124 - Discuss.io; software; 1,013%; Seattle; Zach Simmons
150 - Remitly; software; 780%; Seattle; Matt Oppenheimer
181 - Adaptive Biotechnologies; biotechnology/pharmaceutical; 614%; Seattle; Chad Robins
182 - Snap Raise; software; 608%; Seattle; Cole Morgan
188 - Zipwhip Inc.; software; 584%; Seattle; John Lauer
287 - Apptentive; software; 377%; Seattle; Robi Ganguly
324 Yapta; software; 312%; Seattle; James Filsinger
Washington Tech Companies Outside Seattle Making the List
62 - Quadrant Resource; software; 2,123%; Redmond; Vamshi Kancharakuntla
73 - Auth0; software; 1,813% Bellevue; Eugenio Pace
170 - Zenoti; software; 669%; Bellevue; Sudheer Koneru
192 - Icertis; software; 573% Bellevue; Samir Bodas
233 - RiskLens; software; 470%; Spokane; Nick Sanna
286 - Smartsheet; software; 378%; Bellevue; Mark Mader
357 - iSpot.tv Inc.; digital content/media/entertainment; 273%; Bellevue; Sean Muller
440 - Biolife Solutions Inc.; biotechnology/pharmaceutical; 206%; Bothell; Michael Rice
408 - DiscoverOrg; software; 225%; Vancouver; Henry Schuck