Attributes Strong Revenue Growth of 11,694 Percent to More Companies Adopting the Graph for Better Application Development
SAN FRANCISCO–(BUSINESS WIRE)–Apollo GraphQL, the pioneer in the use of open source and commercial GraphQL API technologies, today announced it ranked number 20 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Apollo GraphQL ranked number 3 for Bay Area regional companies and grew 11,694 percent during this period.
Apollo GraphQL’s Matt DeBergalis, co-founder and CTO, credits the company’s continued growth to the trust enterprises have put in the Graph — technology that has become an essential part of the modern application development stack.
The Graph unifies an organization’s services, data, and digital capabilities. It empowers developers to deliver rich customer experiences at high velocity, isolates service complexity, and allows front and backend teams to innovate independently without tightly coupling them.
“The Graph unifies all services into a single source of truth, making it an essential new layer of the software stack as it becomes the standard for cutting-edge teams developing applications,” said DeBergalis. “Every company will need a Graph strategy the same way every company needs a cloud strategy. We expect to see our growth continue to quickly rise as more and more companies get to the Graph.”
Apollo’s graph platform also includes federation capabilities (Federation 2) and filters (Contracts) that enable software teams to create tailored graphs from a single unified graph. These features are especially appealing to enterprises, which often have many hundreds of client applications and thousands of developers, all consuming data from the graph. Apollo credits the company’s strong revenue growth to this ongoing product innovation, a growing number of customer proof points (including multiple Fortune 500 companies), and a recent funding round of $130 million led by Insight Partners.
“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.”
About the 2021 Deloitte Technology Fast 500™
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.
About Apollo GraphQL
Apollo GraphQL is the leader in open source and commercial GraphQL technologies. Apollo helps engineering teams build unified graphs to accelerate application development and deliver better, more cohesive experiences. Apollo’s open-source GraphQL client, server, and gateway are downloaded more than 17M times per month and used in production by over 30% of the Fortune 500. Customers like Walmart, Expedia, Glassdoor, Audi, and PayPal, use the Apollo Graph Platform to unify their GraphQL efforts, collaborate on graph development, and safely iterate on their graphs. Based in San Francisco, Apollo is backed by Insight Partners, Andreessen Horowitz, Matrix Partners, and Trinity Ventures. Learn more at: https://www.apollographql.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.