Company Ranks on the List for the Third Consecutive Year, Attributes 1,005% Revenue Growth to Product Innovation and Market Demand as Bot Attacks Escalate
SAN MATEO, Calif (Nov. 8, 2023) – Arkose Labs, the global leader in bot management and account security, today announced it ranked 142 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 29th year. Arkose Labs also ranked as the 22 fastest-growing company in the San Francisco Bay Area on this year’s list. The company grew 1,005% during this period.
Kevin Gosschalk, founder and CEO, Arkose Labs points to a strong product-market fit, solution inventiveness, enterprise-grade compliance strategy, an enviable customer base, and a dedicated Customer Advisory Board as the key factors in the company’s growth. The massive escalation in bot and human fraud farm attacks continues at unprecedented levels, with a 121% increase in Q2 over Q1 2023. In addition the company’s battle-tested, award-winning Arkose Bot Manager platform is the only true enterprise-ready global solution available on the market. The most globally recognizable brands select Arkose Labs because of the efficacy of its technology.
Gosschalk said, “We’re actioning our corporate strategy around two transformational issues: generative AI (GenAI) and cybercrime-as-a-service (CaaS), because they are contributing significantly to the ‘what’s possible’ in fraud, thus the steep rise in attacks. Today bots can easily be purchased from the dark web and seemingly legitimate commercial sites to commit various types of volumetric, automated fraud, like card testing, scraping, SMS toll fraud, and others. Arkose Bot Manager has been recognized for its innovative approach that stops bots and human fraud farms in their tracks by making the effort-to-attack ratio too costly for fraudsters. And when financially-motivated fraudsters can’t make money, they move on to businesses with weaker controls in place.”
This is the third year in a row that Arkose Labs has been included on the prestigious Technology Fast 500 list.
Overall, 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame, with an average growth rate of 1,934% and median growth rate of 497%.
About the 2023 Deloitte Technology Fast 500
Now in its 29th 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 2019 to 2022.
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 Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
About Arkose Labs
The mission of Arkose Labs is to create an online environment where all consumers are protected from spam and abuse. Recognized by G2 as the 2023 Leader in Bot Detection and Mitigation, with a high score in customer satisfaction and the largest market presence six quarters running, Arkose Labs offers the world’s first $1M warranties for credential stuffing, SMS toll fraud, and card testing. With 20% of our customers being Fortune 500 companies, our AI-powered platform combines powerful risk assessments with dynamic threat response to undermine the strategy of attack, all while improving good user throughput. Headquartered in San Mateo, CA, with offices in Argentina, Australia, Costa Rica, India, and the U.K., Arkose Labs protects enterprises from cybercrime and abuse. For daily insights pertinent to the shifting threat landscape, follow the company on LinkedIn.
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