Accounting and consulting firm Deloitte released its 2023 Technology Fast 500 list, ranking the fastest-growing technology and life sciences companies in North America. The 29th annual list featured 37 companies from the Boston area. Last year’s list featured 32 Boston companies.
Companies on the list were chosen based on their fiscal year revenue growth between 2019 and 2022 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.
“The powerful performance of our local winners illustrates their ability to innovate and persevere; this growth is hard-earned and reflects the talent within these organizations,” Jess Ackerman, Audit & Assurance partner at Deloitte & Touche, said in a statement. “This also speaks to New England’s position as a premier location for tech and biotech companies; one that supports growth for ideas, products and services that may change the world.”
Read on below for details on the top five Boston-area tech companies included in this year’s Deloitte ranking and be sure to check out the full list.
Top Boston Tech Companies on Deloitte's 2023 Technology Fast 500
- Moderna
- Hometap
- Hunters
- 1upHealth
- Corvus Insurance
Rank #40, 4,193% Growth
Commercial insurance provider Corvus has once again ranked in in the top five fastest-growing Boston companies, having ranked at no. 8 on Deloitte’s list in 2022. The company provides cyber insurance solutions that work to reduce risk, increase transparency and improve resilience for policyholders and program partners. In early November, Corvus was acquired by the Travelers Companies for around $435 million.
Rank #35, 5,100% Growth
1upHealth offers a health data platform enabled with fast healthcare interoperability resources. The solution is built for clinical data integration and API-enabled data connectivity and serves more than 80 health organizations. The company recently announced new updates to its software platform, including the latest version of its 1up Population Connect solution that improves healthcare organizations’ access to clinical data.
Rank #15, 11,606% Growth
Newton-based cybersecurity platform Hunters offers a security operations center platform that helps enterprise security teams reduce risk, complexity and cost. The company serves customers including Booking.com, ChargePoint and Upwork. Hunters announced a partnership with Kudelski Security in 2023 that will incorporate Kudelski into Hunter’s platform to improve its managed detection and response services.
Rank #14, 11,844% Growth
With its home equity investment solution, fintech company Hometap aims to make homeownership less stressful and more accessible. The company has helped about 8,000 users across the U.S. access their home equity without having to take out a loan or sell their house. The company announced the opening of its New York City office in August.
Rank #4, 31,894% Growth
Headquartered in Cambridge, biopharmaceutical company Moderna topped Deloitte’s ranking for the fastest-growing Boston-area company over the last few years. The company’s mRNA platform allows it to develop therapeutics and vaccines for an array of diseases. The company recently announced its Q3 financial results, having achieved $1.8 billion in revenue in the third quarter. It expects to see at least $6 billion in revenue by the end of 2023.
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