Accounting and consulting firm Deloitte released its 2023 Technology Fast 500 list, ranking the fastest-growing technology and life sciences companies in North America. The 29th annual list featured 28 companies from the LA metro area, up from the 25 companies on last year’s list.
Companies on the list were chosen based on their fiscal year revenue growth between 2019 and 2022 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.
“Los Angeles and Orange County continue to prove themselves as strong competitors in the tech sector,” Terry Feit, Los Angeles managing partner at Deloitte, said in a statement. “We look forward to seeing strong continued momentum in the market. Congratulations to these fast-growing, innovative companies.”
Read on below for details on the top five LA-area tech companies included in this year’s Deloitte ranking and be sure to check out the full list.
Top LA Tech Companies on Deloitte’s 2023 Technology Fast 500
- Xos, Inc.
- PatientFi
- Boulevard
- Navitas Semiconductor
- Sunbit
Rank #139, 1,021% Growth
Ranked highly once again on the Los Angeles tech scene is Sunbit, a fintech company that allows consumers to make incremental payments on day-to-day needs like car repair, dental and eye care, veterinary services and more. The company achieved a $1 billion valuation back in 2021, and earlier this year, it announced a partnership with Overjet to bring Sunbit technology to dental practices.
Rank #72, 2,149% Growth
Another repeat honoree on this year’s Fast 500 list is Navitas Semiconductor, a computer hardware manufacturer headquartered in Torrance. The company’s gallium nitride-based solutions aim to help customers in industries like electric vehicles, solar, energy storage, home appliance and industrial achieve energy savings while enabling faster charging and higher power density.
Rank #65, 2,304% Growth
Originally designed to help appointment-based businesses like medspas and nail salons modernize client appointment scheduling, Boulevard has since evolved to encompass an array of other tools such as business management, automated email marketing reliable payment processing. The company recently launched a new advanced charting capability that allows medspas to visually plan, track and document client treatments.
Rank #54, 2,835% Growth
Headquartered in Irvine, PatientFi offers healthcare providers a point-of-sale solution that gives patients an accessible payment solution for out-of-pocket procedures in plastic surgery, dermatology, dentistry, fertility and more. The company entered a partnership with SaaS company Engage Technologies Group that aims to enhance patients’ understanding of medical financing options.
Rank #51, 3,071% Growth
Xos builds electric commercial vehicles, such as step vans, box trucks and vocational vehicles, with the goal of making fleets more efficient and environmentally friendly. The company recently announced that Penske Truck Leasing has added of Xos’ battery-electric trucks to its fleet with plans to deploy the trucks to customers spanning various industries.
