Accounting and consulting firm Deloitte just released its 2022 Technology Fast 500 list, which ranks the fastest-growing technology and life sciences companies in North America. The 28th annual list featured 32 companies from the Boston area. Forty Boston companies were named to the list last year.
“This year, 32 Massachusetts companies are recognized by the Deloitte Technology Fast 500 program. Three of those are in the top 10 nationally,” Kevin Gauthier, Audit & Assurance partner with Deloitte & Touche, said in a statement. “We’ve seen 182 winners in our area over the past five years; this ongoing market performance spotlights our extraordinary regional infrastructure for growth and our local high-caliber tech talent. Cheers to the winners.”
Companies on the list were chosen based on their fiscal year revenue growth between 2018 and 2021 and ranked based on their percentage growth rate. The technology sector, as well as the media, telecommunications, life sciences, fintech and energy tech industries, are represented on the list.
Read on below for details on the top five Boston-area tech companies included in this year’s Deloitte ranking, and click here for the full list.
Top Boston Tech Companies on Deloitte's 2022 Technology Fast 500
- Takeoff Technologies
- Moderna
- Corvus Insurance
- Numerated
- Wasabi Technologies
Wasabi Technologies: Rank #42, 4,109% Growth
Wasabi is a cloud storage company that prides itself on affordability and does not charge additional fees for API requests, transfers or storage management. The company has more than 40,000 customers at more than 100 companies. It has data storage facilities in 13 regions around the globe. In September, the company was valued at more than $1.1 billion following a funding round that included $125 million in equity funding and $125 million in debt financing.
Numerated: Rank #29, 5,887% Growth
Numerated uses data and artificial intelligence to gather information about a business and streamline the business loan origination process. Numerated has processed $50 billion in lending from more than 400,000 businesses and 30,000 financial institution associates. Numerated last raised funding in 2019, when it announced a $15 million Series B that brought its total capital raised to $32 million.
Corvus Insurance: Rank #8, 12,394% Growth
Corvus Insurance is a commercial insurance provider that uses data and machine learning to analyze companies’ IT systems to better predict and prevent cybercrime. Corvus also informs its policyholders of security vulnerabilities and provides actionable security recommendations. Last year, Corvus raised a $100 million Series C at a valuation of $750 million.
Moderna: Rank #6, 13,575% Growth
Moderna, a Cambridge-based biotech company specializing in messenger RNA research, is best known for developing one of the earliest, most effective vaccines for Covid-19. Moderna is also researching vaccines for cancer, cardiovascular disease and autoimmune diseases, such as HIV. The company, which launched in 2010, went public in 2018.
Takeoff Technologies: Rank #2, 53,250% Growth
Takeoff Technologies helps brick-and-mortar grocery stores like Albertsons transform themselves into e-grocers by setting up micro-fulfillment centers closer to their customers. The micro-fulfillment centers are one-eighth the size of a traditional store. Once a customer places an order, robots gather up to 60 items from the micro-fulfillment center within a few minutes. Customers can either pick up the groceries or have them delivered. Takeoff Technologies has raised more than $146 million in funding, according to Crunchbase.
