Kong Inc. Ranked Number 104 Fastest-Growing Company in North America on the 2021 Deloitte Technology Fast 500™
Attributes 1,519% Revenue Growth to Expanding Global Customer Base and Acceleration in Digital Transformation
SAN FRANCISCO, November 17, 2021 Kong Inc., creators of the leading service connectivity platform, today announced it ranked No. 104 on the Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 27th year. Kong grew 1,519% during this period, earning a place on the list for its second consecutive year.
Kongs chief executive officer and co-founder, Augusto Marietti, credits an increase in new customers and expansion of Kong product capabilities with the companys tremendous revenue growth. He said, "This has been a whirlwind year for Kong, starting with our $100 million Series D funding that officially cemented us as a unicorn valued at $1.4 billion. We are honored to be included on this list for the second year in a row. Looking forward, Kong remains committed to enabling the connected world through APIs.
Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception, said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.
The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever, said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloittes audit & assurance practice. These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.
Overall, 2021 Technology Fast 500 companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.
About the 2021 Deloitte Technology Fast 500
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies both public and private in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the companys operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Kong Inc.
Kong creates software and managed services that connect APIs and microservices natively across and within clouds, Kubernetes, data centers and more using intelligent automation. Built on an open source core, Kongs service connectivity platform enables digital innovation by allowing organizations to reliably and securely manage the full lifecycle of APIs and services for modern architectures, including microservices, serverless and service mesh. By providing developer teams with unprecedented architectural freedom, Kong accelerates innovation cycles, increases productivity, and seamlessly bridges legacy and modern systems and applications. For more information about Kong, please visit https://konghq.com or follow @thekonginc on Twitter.
About Deloitte
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