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The inaugural winner of the Women in Leadership award is South East based OKRA.ai, the AI analytics for healthcare company (ninth place overall, three-year growth rate of 4,227%). London based health and lifestyle technology company Elvie ranks second in the Women in Leadership category (21st overall, three-year growth rate of 1,824%). Have base-year operating revenues of minimum €10,000 (2020) and current year operating revenue of minimum €30,000 (2022).
In second place is Yoto, the London-based software company specialising in interactive audio for children, achieving an average revenue growth of 66,572%. Hypervolt, manufacturer of electric vehicle charging technology, ranked third with an average revenue growth rate of 19,236%. Hypervolt is also the inaugural winner of the CleanTech award, which recognises the contribution made by the Fast 50’s environmental technology companies towards meeting the UK’s net zero target. But it was vaping products that kept FastTech in business, and it was probably reliance on the vaping market that drove the company out of business. Richard Davies, CEO of Allica Bank said: “We are about people and data. Over the last three years we’ve built out significant in-house capabilities both in engineering and product. This is a must for the target segment we serve, which combines complex needs and volume. This leads to poor value, inconvenient, and impersonal service from the incumbent players. So we are building unique, proprietary software to solve these customers’ needs at scale. The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its 26th year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from IoT to biotech, digital media technology to life sciences, FinTech to software and clean energy to telecommunications.
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Since 2010, the UK has experienced a sustained increase in the VC funds flowing into the tech sector, especially fintech, food delivery, e-commerce, and healthtech. In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. rx6700xt is better and the 480gig ssd also bigger---i did tell him to go the 1tb m2 ssd and pay a little more but he already pulled the trigger
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Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. The CleanTech category is new to 2023 and recognises climate technology companies within the Technology Fast 50 for their contribution to the UK’s net zero target. Eligible companies are those who meet the Fast 50 entry criteria and produce or use technology, tools, products and services which support emission reductions; lead to more circular economies through the recycling, regeneration, and reuse of resources; and promote well-being for people, communities, and nature through sustainable agriculture, clean air and water, resilient communities and cities, and the preservation and regeneration of natural ecosystems.
Moonbug is a global kids entertainment company from London that creates and distributes inspiring and engaging stories to expand kids’ worlds and minds. The company creates, produces and publishes thousands of minutes of video and audio content every month with the goal of teaching compassion, empathy and resilience to kids around the world. Multiverse works with over 500 enterprise businesses, helping them embrace digital transformation, close skills gaps and develop a diverse talent pipeline. Your employees will benefit from individualized coaching, applied learning, and a community of social, networking and leadership opportunities. Reach out to learn more about the free development opportunities available to your company, as a member of the UK Technology Fast 50 community. Asad added: “It’s clear that the nation’s start-ups remain committed to innovation despite the economic headwinds. Many of these businesses will be looking for new ways to raise capital in a cautious investment landscape, while also remaining agile to new technologies and external factors that may change the way they operate.”Leveraging the country’s deep science and technology base, the UK is leading the way as a leading ecosystem for responsible and values-led innovation Innovation is spread out across the country with eight cities now home to two unicorn companies or more including Bristol, Cambridge, Edinburgh, Leeds, London, Manchester, Nottingham and Oxford. These high-growth businesses are using decades worth of science and tech research and development to revolutionise areas such as finance (Interactive Investor - democratising investing), sustainable travel (Vertical Aerospace - electric-powered aircraft), health research (Oxford Nanopore - portable DNA sequencing) and electronic device development (CSR - semiconductors). The majority of our gaming PCs start at a base specification at the advertised price. Upgrade options are then generally available on most components – processor, motherboard, case, graphics cards, memory, storage, power supply, cooling and more – plus peripherals such as keyboard, mice and monitors, with more on the way as we expand our gaming components and peripherals range.
Down said: “While London remains the UK hotspot for fast-growing tech companies to base themselves, we are seeing a marked increase in the number of ranked companies across all regional locations. This is a testament to the ongoing strengthening and diversifying of the technology industry in the UK, across all sectors, but particularly in software. It is great to see entrepreneurs and start-ups thriving both inside and outside the capital as we showcase the very best of our technology industry.”
UK tech has remained resilient in the face of global challenges and we have ended the year as one of the world’s leading destinations for digital businesses. This is good news and reflects our pro-innovation approach to tech regulation, continuing support for start-ups and ambition to boost people’s digital skills. Three-quarters (76%) of this year’s Fast 50 winners are headquartered in London, including nine of the top ten. In addition, of the 11 ranked fintech businesses, ten are based in the capital, including Freetrade, an online investment platform (fourth overall with a four-year growth rate of 18,090%) and YuLife, insurance and financial services provider (eighth overall with a four-year growth rate of 4,832%). Funding Advice from our experts on everything you need to know about raising funding, whether you are trying to secure investment from a bank, an Angel or a VC. This decision has been taken predominantly because of the new legislation on the vape industry,” the company wrote. “The new measures and restrictions make the road ahead much more uncertain, which also leads us no longer able to remain competitive on price and delivery. We did our best to avoid getting to this point. However, under the current industry regulation, we have been left with no choice but forced to close down.
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