Deloitte’s 2022 Technology Fast 500 List Featured 25 LA Companies
Deloitte, an accounting and consulting firm with a worldwide presence, released its 2022 Technology Fast 500 rankings on Wednesday. The 28th annual list of North America’s fastest-growing tech companies featured 25 companies headquartered in Los Angeles and Orange County. This count is only a handful shy of last year’s total of 29.
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.
Leading the way for the SoCal tech scene at rank No. 4 is Axonics, an Irvine-based medical device manufacturer that ranked in the No. 1 slot on last year’s list. The company recorded a 25,401 percent growth rate over the past three years.
“Los Angeles and Orange County have established themselves as a premier location for innovation, especially in the technology, media and entertainment and life sciences sectors,” Terry Feit, Deloitte’s LA managing partner, said in a statement. “We are excited to see continued growth from companies that are making a difference in their spaces and in the greater Southern California community.”
Read on below for details on the top five Los Angeles tech companies included in this year’s Deloitte ranking, and click here for the full list.
Top LA Tech Companies on Deloitte's 2022 Technology Fast 500
- Navitas Semiconductor
Sunbit: Rank #87, 1,874% Growth
Fintech company Sunbit wants to increase people’s access to everyday needs. Its solution enables users to pay in increments over time for services like car repair, vet appointments and dentist visits. The Westwood-based company recently launched a no-fee credit card that lets consumers split individual transactions into monthly installments to limit how much they pay in interest.
Sure: Rank #76, 2,268% Growth
Santa Monica-based Sure is an enterprise insurance tech solution. The company develops software and APIs to help companies launch embedded insurance programs faster. Its solutions work to help companies distribute, service and scale their digital insurance offerings and deliver better customer experiences. The company previously ranked no. 13 on Deloitte’s 2021 Technology Fast 500 list.
Navitas Semiconductor: Rank #75, 2,310% Growth
The hardware manufacturer builds semiconductors made of gallium nitride, a compound meant to serve as a more cost-effective, sustainable and higher-performing alternative to conventional silicon semiconductors. Navitas announced a new lab earlier this month with VREMT, an electric powertrain company, to help fuel R&D for electric vehicle power systems.
Boulevard: Rank #54, 3,199% Growth
The software developer offers a solution to support appointment-based businesses like spas and salons with tools for scheduling, management and client experience. Boulevard counts more than 2,000 businesses as customers and is furthering its presence in the self-care space with $70 million in Series C funding it raised in August.
Syntiant: Rank #46, 3,577% Growth
Irvine-based Syntiant builds end-to-end deep learning solutions using silicon as well as its data platform and training pipeline. The company’s chips combine deep learning with semiconductor design to create deep neural network processors for edge artificial intelligence applications. Its tech has use cases including earbuds, automobiles and more. The company raised $55 million in March, bringing its total funding to more than $100 million.