Dallas Innovates covered the 2023 Deloitte Technology Fast 500 list featuring 10 North Texas companies, including DataBank at rank 493 in the communications/networking sector with 234% growth. The annual ranking tracks the fastest-growing North American companies across technology, media, telecommunications, life sciences, fintech, and energy tech sectors.
DataBank CEO Raul Martynek attributed the company’s recognition to increased demand from enterprise, hyperscale, and AI data center customers. The company’s geographic expansion to more than 27 markets and development of flexible data hall designs enabled it to meet rising data center demand over the three-year measurement period.
“Over the past year, DataBank delivered exceptional results and consistently surpassed expectations. The investments we’ve made to expand our geographic footprint to more than 27 markets and develop a more flexible data hall design have allowed us to match the increased demand for data centers over the past three years.”
— Raul Martynek, CEO of DataBank
The Tech Fast 500 winners were selected based on percentage fiscal year revenue growth from 2019 to 2022, with overall growth rates ranging from 201% to 222,189%. Software and services dominated the list for the 28th consecutive year, while 85% of companies were backed by venture capital or private equity funding.
Dallas Innovates has the full story available online.
