Attributes 484% Revenue Growth to the Agentic Future and Rise in AI Agents
PALO ALTO, Calif.–(BUSINESS WIRE)–#automation–Workato®, the leading Enterprise Orchestration platform, announced it was named to the Deloitte Technology Fast 500™ for the 5th consecutive year, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Workato’s revenue grew 484% from fiscal 2020 to 2023.
Workato’s Chief Executive Officer, co-founder, and bestselling author, Vijay Tella, credits the rise in the application and deployment of AI, Workato’s platform addressing real-world challenges and being at the center of business transformation, helping organizations shift from automation to AI-powered orchestration with the company’s 484% revenue growth.
“On behalf of everyone at Workato, it is an honor to be recognized by Deloitte and included on this year’s Technology Fast 500™ list. Workato provides the leading AI-powered orchestration capabilities companies are looking for to transform their work by improving real-time collaboration, decision-making, and efficiency across teams and systems,” said Tella. “2024 has been the year of understanding and realizing AI’s potential, where it can take enterprises and impact the future of work. AI is more than just improving our day-to-day lives, it’s about empowering businesses to be more agile, innovative, and resilient.”
“For 30 years we’ve been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year’s list, surpassing life sciences for the first time,” said Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte. “Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.”
“Innovation, transformation, and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.”
Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 186,373% over the three-year time frame, with an average growth rate of 2,100% and a median growth rate of 460%.
Now in its 30th 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 2020 to 2023.
To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology sold to customers in products that contribute to most of the company’s 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.
To learn more about Workato and the future of enterprise orchestration, please visit www.workato.com
About Workato
The leader in AI-driven enterprise orchestration, Workato helps organizations drive business efficiency at scale without compromising security and governance. Built for Business and IT users, Workato is trusted by over 2,000 top brands, including Broadcom, Nextdoor, and Atlassian. Headquartered in Palo Alto, Calif., Workato is backed by Altimeter Capital, Battery Ventures, Insight Venture Partners, Storm Ventures, Norwest Venture Partners, and Redpoint Ventures. For more information, visit workato.com or connect with us on social media:
- Blog: https://www.workato.com/the-connector/
- Product Hub: https://www.workato.com/product-hub/
- LinkedIn: https://www.linkedin.com/company/workato
About Deloitte
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.
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Joseph Hollister
Corporate Communications
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