This annual list ranks the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in the U.S, in both the public and private sectors. Honorees are selected based on their percentage of fiscal year revenue growth from 2016 to 2019. There’s a median growth rate of 450% from the companies on 2020’s list, with the highest growth rate being 106,508%.
More than 35 states and provinces across North America are represented, with 20% of the companies located in Silicon Valley. The DMV region overall accounted for 6% of the winners on the list, with 72% of those companies working in the software tech sector. Several of these companies were also recently honored on this year’s Inc. 5000 list as well.
Arlington, Virginia-based HUNGRY nabbed the highest local rating, coming in at #18 overall and showing 10,914% growth. (The company also won Growth Company of the Year in the 2020 Technical.ly Awards, as decided by public vote.)