Solido Attributes 185 Percent Revenue Growth to Applied Machine Learning for Engineering Leadership
SASKATOON, CANADA – NOVEMBER 09, 2017
Solido today announced it ranked 425 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. Solido grew 185 percent during this period.
Solido’s chief executive officer, Amit Gupta, credits its applied machine learning for engineering leadership and impact on improving semiconductor design quality and yield through variation-aware design and characterization software with the company’s 185 percent revenue growth. Gupta said, “We are enthusiastic about achieving a Deloitte ranking for two consecutive years. Our machine learning technologies and expertise has enabled Solido to rapidly develop and deliver disruptive software to the semiconductor industry.”
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.”
“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice. “Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.”
Solido previously ranked as a Deloitte Fast 50™ award winner for 2016.
About Deloitte’s 2017 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 2013 to 2016. 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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see http://www.deloitte.com/
About Solido Design Automation
Solido Design Automation Inc. is a leading provider of variation-aware design and characterization software to technology companies worldwide, improving design performance, power, area and yield. Solido’s products are currently used in production by thousands of designers at over 40 major companies. Solido ML Labs makes Solido’s machine learning technologies and expertise available to semiconductor companies in developing new software products. The privately held company is venture capital funded and has offices in the USA, Canada, Asia and Europe. For further information, visit http://www.solidodesign.