November 16, 2022, Toronto, CANADA — BenchSci, a global leader in machine learning applications for novel medicine development, today announced it ranked 31st on the Deloitte Technology Fast 50™ and 192nd on the Deloitte Technology Fast 500™, rankings of North America’s fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies. This is BenchSci’s second time on the Technology Fast 50™ list.
BenchSci’s revenue increased 802% percent from 2018 to 2021 due to its rapid growth, entrepreneurial spirit, and bold innovation. The company's proprietary machine learning technology helps scientists run more successful experiments, accelerating the speed and quality of life-saving biomedical research for over 50,000 scientists at 16 of the top 20 pharmaceutical companies and used by more than 4,500 research centers worldwide. BenchSci's technology saves organizations millions of dollars in research spending and thousands of hours in scientists’ labor, allowing them to bring new drugs to patients faster.
“We’re deeply humbled to be recognized as a technology leader across North America,” says Liran Belenzon, CEO of BenchSci. “Scientists have managed with a lack of technologically advanced tools for too long. The technology our team created is helping scientists make breakthroughs faster, and we’re honored to be recognized for living up to our mission. I want to thank all of our team members who are building our platform and shaping our culture as well as our partners who have trusted us to build the next generation of R&D technology with them
“As the past year has shown us, innovation in important areas such as life sciences is critical to addressing infectious disease and other global health issues,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In addition, technology must keep pace with ever-changing consumer and corporate demands for faster, safer and more efficient solutions to new societal challenges. Each year I am in awe of the immense talent the Technology Fast 500 rankings reveal, confirming the winners’ relentless pursuit of creativity and their ability to solve real-world problems that benefit us all.”
“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada, and invest a minimum of five percent of gross revenues in R&D.
To be eligible for the 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, 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.
About the Deloitte Technology Fast 50TM
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 25th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.
About the Deloitte Technology Fast 500TM
Now in its 28th 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 2018 to 2021.
About BenchSci
BenchSci’s vision is to bring novel medicine to patients 50% faster by 2025. We’re achieving it by empowering scientists with the world’s most advanced biomedical artificial intelligence. Backed by top-tier investors including Inovia Capital, TCV, F-Prime, Gradient Ventures (Google’s AI fund), and Golden Ventures, our platform accelerates science at 16 top-20 pharmaceutical companies and over 4,500 leading research centers worldwide. We’re a Deloitte Technology Fast 50TM and Fast 500TM winner, a certified Great Place to Work®, and a top-ranked company on Glassdoor. Learn more at www.benchsci.com