Asimily attributes 773% revenue growth to the strength of its industry-leading connected device security platform that reduces vulnerabilities 10x faster with half the necessary resources
Asimily, a leading Internet of Things (IoT) and Internet of Medical Things (IoMT) risk management platform, today announced that it ranked as the 13th fastest-growing cybersecurity company on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year.
“Asimily’s rapid growth is driven by our customers’ demand for holistic IoT, IoMT, and Industrial IoT device security and risk management solutions that continuously protect networks from ever-evolving attacks,” said Shankar Somasundaram, CEO, Asimily. “From device visibility to vulnerability mitigation to risk modeling and incident response, Asimily delivers best-in-class, built-for-IoT security that keeps organizations secure from outside threats. We’re proud to see Asimily’s growth acknowledged with inclusion in the Deloitte Technology Fast 500.”
IoT security is mission-critical for organizations as they scale deployments of internet-connected devices across their networks. Unlike conventional IT endpoints and servers, IoT devices exhibit distinct network behavior, making standard cybersecurity solutions inadequate at distinguishing genuine risks from false alarms. Asimily ensures robust security for IoT deployments by accurately identifying, prioritizing, and addressing all vulnerabilities that pose actual security risks.
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame from 2019 to 2022, with an average growth rate of 1,934% and a median growth rate of 497%.
