November 17, 2021

Avidbots named one of Deloitte’s 2021 Technology Fast 500 as one of North America’s fastest growing companies

Leading robotics company recognized for rapid revenue growth, entrepreneurial spirit, and transformative work

Kitchener, ON – November 17, 2021   Avidbots, one of the world’s leading robotics companies, has been named one of Deloitte’s 2021 Technology Fast 500™. Avidbots is being celebrated for its innovation in Canadian technology just a short time after launching the Disinfection Add-On, further expanding the capability of its flagship floor scrubbing robot, Neo.

The annual Deloitte ranking recognizes North America’s 500 fastest growing technology companies, celebrating their achievements. Avidbots has joined an impressive list of companies Deloitte has recognized over the last 27 years, including Uber, Blackberry and Shopify.

Avidbots has hundreds of Neos deployed around the world, providing solutions to some of the biggest companies across manufacturing, warehousing, education, healthcare, airports, retail and beyond.

“We are excited to be recognized for our groundbreaking work in robotics, and honoured to be included among North America’s leading technology companies,” says Faizan Sheikh, CEO and Co-founder of Avidbots. “In a time when cleanliness is of the utmost importance, we are looking forward to continuing to innovate autonomous commercial cleaning and reinforcing our position as the leader in the industry. This would not have been possible if it were not for all of the hard work of our team of Avidbotters globally. I also want to thank our customers around the globe that have put their faith in Avidbots.”

“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 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.”

“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, Partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”

Avidbots continues to play an important role in maintaining the high standards of cleanliness needed across organizations in the wake of COVID-19. Neo, the autonomous floor scrubbing robot, is one solution offered by Avidbots. Powered by Avidbots Autonomy, Neo understands its operating environment, taking actions to maximize cleaning productivity while minimizing human intervention. The Avidbots Command Center provides detailed reporting and performance measurement for monitoring, managing and tracking Neo remotely and in real-time.

About Avidbots

Avidbots is a robotics company with a vision to bring robotic solutions into everyday life to increase organizational productivity and to do that better than any other company in the world. Their groundbreaking product, the Neo autonomous floor scrubbing robot, is deployed around the world and trusted by leading facilities and building service companies. Founded in 2014 and headquartered in Kitchener, ON, Canada, Avidbots is offering comprehensive service and support to customers on 5 continents. Avidbots is backed by top global venture capital firms, including True Ventures, Next47, GGV Capital, BDC, Felicis Ventures, Real Ventures, and Golden Ventures.

About Deloitte

Now in its 27th 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 2017 to 2020.

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 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.