7 NC companies appear in Deloitte Technology Fast 500, including 8th-ranked Nufabrx

7 NC companies appear in Deloitte Technology Fast 500, including 8th-ranked Nufabrx

CONOVER – Healthwear manufacturer Nufabrx appears ranked eighth in the Deloitte 2021 North America Technology Fast 500 rankings, which are selected based on the percentage gains in revenue for each fiscal year from 2017 to 2020, and six other North Carolina companies joined Nufabrx on the rankings report.

Nufabrx grew at a rate of 22,957%, according to the report.  That placed the company in the top 10 companies that appeared on the rankings list.  Nufabrx was also ranked in the top 1% of all of the companies appearing on the Inc. 5000 list earlier this year, and disclosed it had raised $4 million in October with the potential to raise up to $10 million.

High Point-based vTv Therapeutics, Inc. ranked 82nd, with a growth rate of 2,104%.

“To have the 8th fastest-growing tech company on the list and seven all together is a milestone for our region,” said John Giannuzzi, Deloitte’s Managing Partner for the Carolinas, in a statement shared with WRAL TechWire. “They represent the exciting potential we have to grow a world-class technology hub, one that can diversify and strengthen our economy for everyone.”

Other companies based in North Carolina that ranked within the top 500 North American companies include:

  • Raleigh-based Pendo, ranking 174th with a growth rate of 767%
  • Charlotte-based MedShift, ranking 344th with a growth rate of 350%
  • Raleigh-based FM:Systems, ranking 368th with a growth rate of 318%
  • Durham-based Sift Media, ranking 414th with a growth rate of 277%
  • Durham-based Precision BioSciences, Inc., ranking 419th with a growth rate of 275%

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“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader, in a statement.  “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”

According to a spokesperson for Deloitte, this is Pendo’s third time appearing on the list.  Nufabrx, MedShift, FM:Systems, and Precision BioSciences, Inc. all made the list for the first time in 2021.

Precision BioSciences reported a quarterly loss of $11.3 million with a revenue of $24 million last week, both of which surpassed analyst estimates.  The company closed a deal in September with iECURE to advance gene therapy and the company also named a new CEO in September.

vTv Therapeutics, Inc. also reported earnings last week, with a quarterly loss of $1.1 million and revenue of $3 million.

In April, vTv Therapeutics received the U.S. Food and Drug Administration designation as a “breakthrough therapy” for the TTP399 oral supplement.

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Kassie Hoffman
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