Attributes 6,533 Percent Revenue Growth to advanced machine learning algorithms applied to mobile advertising.
SUNNYVALE, Calif., November 21, 2018 (Newswire.com)
Aarki today announced it ranked number 19 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America and number 4 in the Bay Area. Aarki grew 6,533 percent during this period.
Aarki’s chief executive officer, Sid Bhatt, credits the great team of data scientists, data analysts, and engineers with the company’s 6,533 percent revenue growth. He said, “Our vision is to advance data science and machine learning to solve core problems in large addressable markets like mobile advertising. Advanced prediction models combined with our proprietary Data Management Platform is delivering the most effective mobile advertising ROI for our customers. Aarki is a company that strives for excellence and I believe this is the reason for our phenomenal growth.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences 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 2014 to 2017.
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 company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Aarki helps companies grow and re-engage their mobile users, using machine learning, data, and large customer reach. We strive to deliver performance at scale across different marketing objectives to meet the target return on investment. Our data offers deep insights into user intent and usage habits. To drive performance, we activate our data assets through proprietary machine learning algorithms and engage users in real time with personalized creative. For more information, please visit www.aarki.com or follow us on Twitter: @aarkimobile.
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