Remote-First-Company – March 28, 2023 – VAST Data, the data platform company for the AI era, today announced it has been honored on the Financial Times list of the Americas’ Fastest Growing Companies 2023. This prestigious award features the top 500 companies among the thousands submitted and ranks them based on their compound annual growth rate (CAGR) over a three year period. The list is presented by Financial Times and Statista Inc., the world-leading statistics portal and industry ranking provider.
VAST Data ranked No. 3 out of five hundred on the list of fastest growing companies, which were selected from the seven thousand companies that were analyzed. With a CAGR of 432 percent, VAST outpaced leading industry innovators and high-growth organizations including Zoom, Etsy, Tesla, Amazon, and Netflix. Software and IT was the sector most represented on the list, making up 27 percent of the fastest-growing companies, and VAST ranked No. 1 among this segment.
To say it’s an exciting time for VAST Data employees, partners and customers would be an understatement,” said Renen Hallak, co-founder and CEO at VAST Data. “Our momentum over the last year has seen VAST become the fastest data infrastructure company to reach $100 million in ARR within three years of selling, while maintaining our third consecutive year of cashflow positivity. Being named to the Financial Times Americas’ Fastest Growing Companies 2023 list is a testament to our meteoric growth and further signals the strength of our strategy and thriving business in a competitive market.
The FT’s Americas’ Fastest Growing Companies 2023 ranking lists the top 500 companies in the Americas that have achieved the highest compound annual growth in revenues between 2018 and 2021. The data was collected via desk research in official sources like publicly available earning presentations, investor relations websites or annual reports. Across 20 countries, over 7,000 public companies were examined.
This year’s list of honorees represent some of America’s most innovative companies that have experienced hyper-growth over the last few years,” said Evan Tobias, Director of Statista R – Americas. “Congratulations to VAST Data, who, of the thousands of companies analyzed, ranked among the top one percent – an incredible achievement.