18 Nov, 2020, 08:00 ET
NEW YORK, Nov. 18, 2020 /PRNewswire/ -- Nanit, the technology company behind the most advanced smart baby monitor and sleep tracker ever developed for the nursery, today announced it ranked No. 19 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 now in its 26th year. Nanit makes its debut on the annual list at No. 2 in the tri-state region.
Nanit Chief Executive Officer, Sarah Dorsett credits the company's innovative use of computer vision technology and expansion of product capabilities to the strong YoY revenue growth. Dorsett stated, "Nanit has revolutionized the connected nursery category with our application of advanced technology to help parents learn about their child's development, stay connected and capture and share their most precious memories."
"For more than 25 years, we've been honoring companies that define the cutting edge and this year's Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives," said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. "We congratulate this year's winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic."
"Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible."
About Deloitte's 2020 Technology Fast 500™
Now in its 26th year, 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Nanit is on a mission to support the journey of parenting. The Nanit family of products keeps parents connected and informed while providing personalized insights and guidance to support their baby's sleep and well-being. From the AI-powered Nanit Plus camera that tracks and analyzes a baby's sleep, to real-time breathing motion monitoring with Breathing Wear, to capturing amazing moments with the in-app Memories feature, Nanit helps parents see and understand everything happening in and around the crib. Since launching in 2016, Nanit has tracked over 172 million hours of sleep, 35 million parental visits, and over 17 million morning wakeups. Nanit's award-winning products are available internationally at Nanit.com and at retailers including buybuy BABY, Best Buy, Target.com, Amazon, and Pottery Barn Kids, among others. For more information, please visit www.nanit.com and follow Nanit on Facebook, Twitter and Instagram.
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