Local companies continue to make a lasting impact on Canadian tech, achieving remarkable growth and recognition for their innovative spirit and solutions.
This year, four companies from our community earned spots on Deloitte’s Technology Fast 50 list, a prestigious ranking of Canada’s fastest-growing tech companies.
While these winners may work in different fields, they all share a commitment to growth, innovation and meaningful change in Canada and beyond. Their success stories highlight how our ecosystem nurtures high-growth companies and bold ideas. And thanks to them, our reputation as one of North America’s top tech hubs lives on.
Editor’s note: Our community is home to three cities and four townships. We have identified the community where you’ll find each of these companies. Together, we are known as Waterloo.
Waterloo’s Fast-50 winners
In the Technology Fast 50 category, Waterloo-based RideCo makes it to the list again with an astounding 1,276% revenue growth over the last four years. RideCo provides on-demand transit solutions to transit agencies and municipalities to reduce congestion and improve accessibility.
DOZR, based in Kitchener, is our next winner to congratulate. Boasting 890% revenue growth over the last four years, DOZR is the largest online marketplace that connects contractors across North America with efficient and easy access to high quality, heavy equipment rentals.
Enterprise–Industry leaders
In the Enterprise–Industry leaders category, ApplyBoard, a local unicorn based in Kitchener, ranked #4, a well-deserved recognition for its continued commitment to transforming international education for all.
With an impressive 799% revenue growth in four years, ApplyBoard has made the list for six consecutive years. As one of the fastest growing tech companies in Canada, the company has helped more than a million students from 150 countries connect with colleges and universities, making quality education easier and accessible for all.
“Being recognized as #4 on Deloitte’s Fast 50 Enterprise–Industry Leaders list is a testament to ApplyBoard’s unwavering commitment to transforming international education,” says Meti Basiri, Co-Founder & CEO of ApplyBoard.
“As we continue to innovate with AI-powered solutions and expand globally, this recognition fuels our passion to create even more opportunities for international education.”
" This achievement reflects not just our remarkable growth, but the incredible impact we're making in students' lives around the world. "
Meti Basiri
Co-founder & CEO, ApplyBoard
The next winner in the Enterprise–Industry leader category is the Kitchener-based Miovision at #9. Miovision uses multi-modal traffic data and AI to uncover real-time traffic insights to improve traffic flow, reduce congestion and enhance road safety for smarter and safer communities.
“Miovision is growing thanks to the talented team we’ve brought together,” said Miovision CEO and Co-Founder Kurtis McBride. “We’re all excited about what this growth enables – more cities and towns using our solutions to alleviate traffic congestion, quicken emergency response times, enhance transit reliability, bolster road safety and minimize the environmental impact of urban transportation.”
Deloitte also released its Technology Fast 500™ list which features fastest-growing businesses from all of North America. Here’s where Waterloo companies stand at the ranking table: RideCo (#95), DOZR (#129), ApplyBoard (#146) and Miovision (#337).
A region on the rise
Congratulations to these Waterloo companies for driving forward innovation and growth in Canada’s tech landscape. This recognition shows that Waterloo is an ideal ecosystem for fast growth, offering the resources and support needed for tech companies to thrive.
About Deloitte Technology Fast 50 program
For 27 years, the Technology Fast 50 program recognizes Canadian tech companies of all sizes from public and private sector for their commitment towards innovation, revenue growth and leadership.
Based on the previous four years of revenue growth, the awards are given in four distinct categories including Technology Fast 50, Enterprise–Industry leaders, Companies to Watch and Clean Technology.
Visit Deloitte’s website for the complete list of winners and to pre-register for 2025.
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