On Wednesday, global accounting and consulting firm Deloitte unveiled its latest ranking of the 2021 Technology Fast 500 and Bay Area-based companies were well represented among some of North America’s fastest-growing tech companies.
The 27th annual list includes companies chosen based on their fiscal year revenue growth between the years 2017 and 2020. The companies are ranked based on their percentage growth rate.
In addition to tech companies, companies in the media, telecommunications, life sciences and energy technology sectors were also included in the ranking. Leading the way overall was Axonics, an Irvine-based medical device company.
All told, 57 companies made the list from San Francisco. This marks an increase from last year’s ranking, when 38 San Francisco companies made the cut. At the top of the list for the San Francisco market this year was Apollo GraphQL, which ranked 20th nationally with its 11694 percent revenue growth. When companies outside San Francisco’s city limits are added to the total, 84 Bay Area startups were included in the ranking this year, an increase over last year’s total of 77.
Garrett Herbert, managing partner of Deloitte Silicon Valley, said in a statement provided to Built In that the list flies in the face of the so-called Bay Area “techxodus.”
“Over the past year-and-a-half, there were so many headlines claiming that the Bay Area was fading in importance, but this year’s Fast 500 shows that’s categorically untrue,” Herbert said. “San Francisco and Silicon Valley once again top the list as home to the largest number of the fastest-growing technology companies – and there are even more Bay Area companies on the list than last year! It’s proof that there’s no better place to innovate, create, disrupt and scale than the Bay Area.”
Read on below for details on the top five San Francisco tech companies included in this year’s Deloitte ranking and click here for the full list.
Rank #42, 4,727% Growth
Discord began as a virtual chat space for video game players to gather and discuss the latest in gaming-related tips, cheats and industry trends. In September, the messaging platform raised $500 million at a reported $15 billion valuation. Discord has raised $982.6 million in financing to date.
Rank #39, 5,326% Growth
Bolt integrates with existing e-commerce websites in order to streamline the front-end online shopping experience. The fintech giant banked $393 million in fresh financing back in October. The investment consisted of $333 million in Series D funding and $60 million in follow-on capital. Bolt has raised $608.1 million in financing to date.
Rank #33, 6,042% Growth
Pilot’s fintech platform covers a wide range of back office services for startups and small businesses. The company raked in $40 million in a Series C extension round back in March. The raise secured the company’s status as a unicorn with a valuation of $1.2 billion. Pilot has raised $608.1 million in financing to date.
Rank #37, 5,457% Growth
The greentech company’s cloud-based platform connects its commercial, institutional, and industrial customers to distributed energy resources. The company grabbed $31 million in a Series C back in May. Voltus has raked in $66.1 million in financing to date.
Rank #20, 11,694% Growth
Apollo offers customers a comprehensive state management library for JavaScript. The company’s core product enables users to manage both local and remote data with GraphQL. GraphQL can be used to fetch, cache and modify application data, all while automatically updating a company’s user interface. In August, Apollo grabbed $130 million in a Series D round. The company has raised $183.2 million in venture capital financing to date.
