Cubii (Fitness Cubed Inc) announces it ranked No. 77 overall and No. 4 in the Electronics/ Hardware category on Deloitte’s Technology Fast 500 list, ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Now in its 26th year, the Fast 500 list selects winners based on percentage fiscal year revenue growth from 2016 to 2019, a period in which Cubii grew 1,506%, according to a media release from Cubii.
“Our mission at Cubii is to provide solutions that help people build healthy habits. The rapid growth we’ve seen over these past few years speaks to the magic that comes from listening to our consumers and helping them solve real problems.
“This momentum shows how the wellness industry is becoming more approachable — and we’re honored to be part of the movement that’s getting it there.”
— Arnav Dalmia, Cubii, CEO
The company, founded in 2014 via a Kickstarter campaign, offers compact seated ellipticals and related accessories that cater to all ages, abilities and lifestyles.
“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.
“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.”
— Paul Silverglate, vice chairman, Deloitte LLP and US technology sector leader
Overall, 2020 Technology Fast 500 companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%, per the release.
[Source(s): Cubii, PR Newswire]