Vouched Ranked No. 2 on the 2024 Deloitte Technology Fast 500™
Achieves 2,443% Revenue Growth with Pioneering AI-Powered Identity Verification Technology
SEATTLE, WA – November 19, 2024 – Vouched, the leader in AI-powered identity verification for critical industries, today announced its 2nd-place ranking in the Northeast on the prestigious Deloitte Technology Fast 500™. This annual award honors the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. The recognition highlights Vouched’s remarkable market expansion and groundbreaking innovations, following its earlier achievement of ranking 141st on the Inc. 5000 list this year. Vouched reported an extraordinary 2,443% revenue growth between 2020 and 2023.
“Being named to the Deloitte Technology Fast 500™ underscores our commitment to revolutionizing identity verification with advanced AI,” said Peter Horadan, CEO of Vouched. “This achievement validates our mission to deliver secure, innovative, and seamless solutions to help businesses solve critical challenges across industries.”
In July 2024, Vouched reached a significant milestone by surpassing 20 million identities verified, underscoring the platform’s scalability and widespread adoption. Vouched’s proprietary AI technology leverages deep-learning models to detect and classify identity documents with over 99% fraud detection accuracy, setting a new benchmark in the industry. Over the past four years, Vouched’s solutions have delivered transformative results across diverse sectors. Telehealth providers, for instance, have seen patient onboarding rates increase by 2-3x, while Riders Share, a motorcycle-sharing service, dramatically reduced fraud losses from over $1 million to nearly zero incidents of theft and fraudulent activity.
“For 30 years, the Deloitte Technology Fast 500 has celebrated companies driving cutting-edge innovation,” said Steve Fineberg, vice chair and U.S. technology sector leader at Deloitte. “This year’s list, particularly in the fintech sector, highlights remarkable private company performance and technological advancement.”
The 2024 Technology Fast 500 companies reported revenue growth ranging from 201% to an astounding 153,625% over a three-year period, with an average growth rate of 1,981% and a median growth rate of 460%. Vouched’s exceptional 2,443% growth significantly surpasses these averages, solidifying its position as a standout leader in the industry.
About Vouched
Vouched's AI-powered identity verification (IDV) solution enables businesses to authenticate individuals with ease and meet critical regulatory requirements. The platform's real-time decisioning engine delivers the fastest and most reliable responses in the industry. Utilizing proprietary AI models and extensive data verification processes, Vouched maintains one of the highest fraud detection rates, exceeding 99%. The platform's advanced liveness and document verification techniques continuously adapt to new forms of identification worldwide, enhancing its fraud detection efficacy.
Based in Seattle, Vouched is privately held and backed by Madrona Venture Labs, Ascend Ventures, Flying Fish VC, BHG VC, SpringRock Ventures, and SeaChange Ventures. For more information, visit Vouched.id and follow us on LinkedIn.
About the 2024 Deloitte Technology Fast 500
Now in its 30th 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. Award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
Media Contact:
Lizzy Harris
PR for Vouched
Vouched@colabcomms.co
Originally published on Business Wire. For more details, visit the source.