Deloitte, a global accounting and consulting firm, released its 2024 Technology Fast 500 list. The ranking features the fastest-growing technology and life sciences companies in North America. The 30th annual list featured 86 companies from the San Francisco Bay Area. Last year’s list featured 96 companies.
Companies on the list were chosen based on their fiscal year revenue growth between 2020 and 2023 and ranked based on their percentage growth rate. Overall, the companies featured achieved revenue growth ranging from 201 percent to 153,625 percent over this three-year period. The technology sector, as well as the media, telecommunications, life sciences, fintech and energy tech industries, are represented on the list.
“The Deloitte Technology Fast 500 program shines a light on the incredible performance of some of the fastest-growing technology companies in the country, based right here in the Bay Area,” Alison Hagan, San Francisco managing principal at Deloitte, said in a statement.
“We honor this year’s winners who consistently prove that Silicon Valley and San Francisco remain unparalleled hubs for innovation, disruption and growth,” Carina Ruiz, Silicon Valley managing partner at Deloitte, said.
Read on for details on the top five San Francisco tech companies included in this year’s Deloitte ranking and be sure to check out the full list.
Top San Francisco Tech Companies on Deloitte’s 2024 Technology Fast 500
- Deel
- Cowbell
- Observe
- Wisetack
- Rad AI
Ranked #19, 8,710% Growth
Rad AI is a software company innovating the healthcare space, offering an AI-powered radiology platform that works to help physicians save time, reduce burnout and improve patient care. The company works with more than 100 healthcare organizations across the United States. Its offerings include reporting software to reduce dictation times, an impressions tool to generate report findings and an automated patient follow-up solution. Rad AI secured a $50 million funding round in May this year.
Ranked #15, 10,010% Growth
Wisetack’s digital solution allows people to pay in monthly installments for services like HVAC, plumbing, dental care and auto repair. The company’s financing solution integrates with platforms like Jobber, Housecall Pro, Markate and FieldPulse. Its embedded platform also counts many small businesses among its customers, allowing them to offer individuals pay-over-time options at the point of sale.
Ranked #13, 10,977% Growth
Observe offers AI-powered observability software that provides businesses with solutions for application performance management, infrastructure monitoring, log analytics and resolving and investigating incidents. Its platform lets engineers troubleshoot their distributed applications faster and more cost-effectively than traditional tools. Its solution counts more than 60 organizations among its customers and pulled in $145 million in Series B funding in September.
Ranked #10, 13,458% Growth
Cowbell provides cyber insurance for small- and medium-sized enterprises. The company leverages AI to provide continuous risk assessment and underwriting services while granting policyholders risk prevention and mitigation, incident preparedness and response services. Cowbell warns businesses of cyber risk exposures in advance and offers them and customized, adaptable coverage. The company pulled in $60 million in July to fuel product development and geographic expansion.
Ranked #5, 26,900% Growth
Deel is an HRtech company that provides payroll and outsourcing solutions for global teams across over 150 countries. Deel helps companies simplify onboarding, compliance and performance management, immigration support and more. The company acquired African HR and payroll company PaySpace back in March.
