Deloitte Unveils 2020 North America Technology Fast 500 Rankings – Press Release
SAN FRANCISCO, Nov. 18, 2020 — Deloitte today released its “North America Technology Fast 500,” an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech and energy tech sectors, now in its 26th year.
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Arrowhead Pharmaceuticals Inc. claimed the top spot with a growth rate of 106,508% from 2016 to 2019. Based out of Pasadena, California, Arrowhead Pharmaceuticals develops medicines that treat intractable diseases by silencing the genes that cause them. Using a broad portfolio of RNA chemistries and efficient modes of delivery, Arrowhead therapies trigger the RNA interference mechanism to induce rapid, deep and durable knockdown of target genes.
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“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
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Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2016 to 2019. Overall, the 2020 Technology Fast 500 companies achieved revenue growth ranging from 175% to 106,508% over the three-year time frame, with a median growth rate of 450%.
The Technology Fast 500’s top 10 include:
| 2020 Rank | Company | Sector | Revenue Growth (2016 to 2019) | City, State |
|---|---|---|---|---|
| 1 | Arrowhead Pharmaceuticals Inc. | Biotechnology/pharmaceutical | 106,508% | Pasadena, California |
| 2 | Ultragenyx Pharmaceutical Inc. | Biotechnology/pharmaceutical | 77,880% | Novato, California |
| 3 | Branch Metrics | Software and SaaS | 48,918% | Redwood City, California |
| 4 | OneTrust | Software and SaaS | 48,337% | Atlanta, Georgia |
| 5 | Transmit Security | Software and SaaS | 45,688% | Boston, Massachusetts |
| 6 | Drift | Software and SaaS | 35,475% | Boston, Massachusetts |
| 7 | Karyopharm Therapeutics Inc. | Biotechnology/pharmaceutical | 26,454% | Newton, Massachusetts |
| 8 | CharterUP | Software and SaaS | 24,737% | Atlanta, Georgia |
| 9 | Cara Therapeutics Inc. | Biotechnology/pharmaceutical | 23,023% | Stamford, Connecticut |
| 10 | Akebia Therapeutics Inc. | Biotechnology/pharmaceutical | 21,724% | Cambridge, Massachusetts |
Silicon Valley has largest share of winners
Deloitte’s Technology Fast 500 winners represent more than 36 states and provinces across North America. California’s Silicon Valley continues to produce fast-growing companies, leading regional representation with 20% of this year’s Fast 500. The New York metro area featured 13% of the winning companies; New England had 7%; Greater Washington, D.C. and Greater Los Angeles each accounted for 6%.