PALO ALTO, Calif.--(BUSINESS WIRE)--Inscopix, Inc. today announced it ranked number 61 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.
Inscopix’s chief executive officer, Kunal Ghosh credits its scientists with the company’s revenue growth. He said, "Inscopix is honored to be recognized as one of the fastest growing companies in North America. Our growth is thanks to our valued customers - amazing scientists who are using our brain mapping tools to advance our understanding of the brain works."
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
About Deloitte’s 2016 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 2012 to 2015.
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.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Inscopix is a discovery phase neuroscience company in Silicon Valley that is focused on advancing the mechanistic understanding of the brain at the level of neural circuits and networks. Inscopix develops miniaturized real-time brain mapping platforms that pave the way for incisive new insights into healthy brain function and for next-generation diagnostics, treatments and therapeutics for brain disorders. Inscopix was recognized as a private-sector partner of the Presidential BRAIN Initiative in 2014 and by the World Economic Forum as a Technology Pioneer 2015.