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Here are the Washington state companies that made Deloitte’s annual list of fastest-growing firms

Seattle’s reputation as a technology and innovation hub was further cemented by the release of Deloitte’s 2021 “North American Technology Fast 500.” Deloitte’s rankings are a yearly account of the fastest-growing North American companies in…

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Some of the Washington state companies that made Deloitte’s annual Fast 500 list. (Deloitte Chart)

Seattle’s reputation as a technology and innovation hub was further cemented by the release of Deloitte’s 2021 “North American Technology Fast 500.” Deloitte’s rankings are a yearly account of the fastest-growing North American companies in tech, as measured by revenue growth from 2017 to 2020.  

Not surprisingly, Silicon Valley is the dominant region on the list, with 21% of the “Fast 500” hailing from the tech mecca. But Washington state and Seattle are strongly represented, with companies in the Puget Sound region comprising 5% of the list. 

Of the 26 Washington-based companies that made the cut, 24 are from the greater Seattle area, with Bellingham’s eXP World Holdings Inc. and Vancouver’s ZoomInfo rounding out the group.

Bellevue’s continued ascent is reflected in Deloitte’s ranking. There are eight Bellevue companies represented on the list, compared to 12 hailing from Seattle proper.

Another trend is Seattle’s software clout. Software and software-as-a-service companies represent 73% of the North American list, and 83% of the ranked Seattle-area companies are software makers, topped by Coinme, which saw a whopping 2,198% growth over the measured three-year span, good for 78th overall. 

Read on to learn more about the Washington-based companies that made this year’s Fast 500.     

No. 78: Coinme

The Seattle company, founded in 2014 with a vision of driving cryptocurrency access, started with a small number of bitcoin ATMs, and has since grown to support thousands of crypto-enabled units around the country through a partnership with Coinstar. More recently, the company announced plans to enable the MoneyGram International network, giving users the ability to exchange bitcoin for cash in the U.S., with a vision of expanding globally. Its enabled Coinstar ATMs are being introduced in a pilot program with Walmart.      

No. 129: eXp World Holdings

Located in small but vibrant Bellingham, eXp World Holdings Inc. is the holding company of eXp Realty, Virbela, and Success Enterprises. At the beginning of the month it announced third quarter revenue of $1.1 billion, a 97% increase from the year prior. The company, whose cloud-based brokerage model arms real estate professionals around the world with tools for virtual collaboration and operational technologies, is currently preparing to launch its residential lending venture, SUCCESS Lending.  

No. 136: Outreach

Outreach’s software is designed to help sales and revenue teams optimize workflow and drive predictable growth. Previously a finalist for Next Tech Titan at the GeekWire Awards, Outreach counts Zillow Group, Pandora, and Glassdoor among its customers. It is currently valued at $4.4 billion. In October it made its second acquisition, buying Indianapolis-based startup Canopy.  

No. 146: Highspot

Another company oriented towards sales reps, Highspot aims to equip, train, and coach company sales teams through its software. The company boasts more than 70 certified integrations. Highspot this month announced the launch of the Highspot Spark Community to allow Highspot users to collaborate and share best practices through discussions, content, and events. 

No. 151: Educative

Educative uses a text-based approach and hands-on coding to teach software courses to more than 725,000 developers and counting. It recently launched Educative Assesments, which aims to help developers track their skills and abilities, while making recommendations on how to widen or enhance them.   

No. 163: Qumulo

Qumulo is a data storage platform for multi-cloud environments. In July Qumulo launched as a native service with Microsoft Azure, and the company recently paired up with the San Francisco 49ers. The NFL team uses Qumulo’s software to optimize data storage for the security of their venue, Levi’s Stadium. It scored a $1.2 billion valuation in its latest funding round, and last month GeekWire interviewed Qumulo CEO Bill Richter for the GeekWire Podcast.

No. 166: Flexe

Founded in 2013, Seattle-based Flexe posits that speed matters, a lot. It’s positioned itself to e-commerce sellers as the key to competing with retail giant Amazon, and offers retailers flexible logistics and cost savings through access to a huge distribution network of warehouses and carriers. The company raised $70 million in a Series C funding round at the beginning of the year, and its case to retailers about the benefits of flexibility has only grown stronger with the supply-chain mishaps of the last few months.  

No. 209: Mason

Mason distinguishes itself among hardware developers by being a software developer as well. This allows Mason to cheaply and rapidly build products to custom specifications, from single-use prototypes to product lines, and to help businesses bring their hardware infrastructure to scale. The company was recently nominated for an Internet of Things Tech Trailblazers award.  

No. 245: Remitly

Remitly, from the word remittance, helps immigrants who travel abroad for work easily and securely send money home to their families. The Western Union challenger is optimized for mobile devices, bringing into the modern era a service that workers have depended on for decades. Remitly went public in September at a $7 billion valuation and reported $121 million in quarterly sales last week.

No. 260: Influence Mobile

Kirkland’s Influence Mobile pairs its algorithm with app developers to maximize engagement and monetization of their gaming apps. The company acquired Blind Ferret for an undisclosed amount in July, and was ranked fourth behind powerplayers Facebook, Google, and Twitter, in the Appsflyer Performance Index XIII.  

No. 268: Textio

Textio’s proofreading software helps companies build inclusive cultures through writing, from the language of internal communications to the wording of hiring announcements. It analyzes the patterns of organizational communications to maximize their inclusion and appeal to broad audiences. In September, Textio integrated its software with Linkedin.  

No. 273: Quadrant Resource

With an impressive client list including Amazon, AT&T, Expedia, Microsoft, Nordstrom, Uber, Alaska Airlines, and King Country, among others, Quadrant is an IT service provider and consultant. The Redmond-based company now has 12 offices in North America, Europe, and Asia, and its data and analytics team in India brought their expertise to build a COVID-19 update site. In September, Quadrant received Gold Partnership status with Microsoft.  

No. 298: ZoomInfo

Vancouver-based ZoomInfo helps companies optimize data, from sales to enterprise and recruiting. ZoomInfo bought Chorus.ai for $575 million in July to boost its own product with conversation intelligence capabilities. The company also announced plans to move its headquarters to the Vancouver waterfront in 2025, indicating that more growth is on the way.

No. 306: Hiya

Hiya aims to secure your phone from the influx of spam calling that has swept the country, particularly since the onset of the pandemic. It added Salesforce President and CMO Sarah Franklin to its board over the summer, and its SaaS services, Hiya Connect and Hiya Protect, claim more than 200 million active monthly users. Hiya just released new tech that uses AI against illegal phone calls.

No. 342. Seagen

Seagen Inc., formerly Seattle Genetics, is a publicly-traded company with a current valuation north of $30 billion. The company develops and commercializes cancer therapies, with a specialty in antibody drug conjugates. Seagan studies a number of cancers and lymphomas extensively, and has three cancer medicines that have already been approved. It also has more than five other cancer-specific therapies in different stages of clinical and preclinical testing.   

No. 352: doxo

Doxo helps people streamline the process of paying utility, housing, and credit card bills by allowing them to pay them all in a consistent format, in one place. doxo sells its services both to consumers and providers, enabling doxo to pair with a network of 100,000 service providers to give comprehensive coverage to its 6 million-plus users. doxo expanded its user base more than 70% last year, and is backed by Mohr Davidow Ventures, Sigma Partners, and Bezos Expeditions.  

No. 353: BioLife Solutions

Biolife Solutions facilitates research and commercialization in cell and gene therapies by extending the shelf life and maintaining the health and function of biologic source material. Its products include CryoStor freeze media, HypoThermosol shipping and storage media, evo cold chain management, and a number of other freezing and thawing products.

No. 354: Headlight

Headlight, which raised $25 million over the summer, helps construction teams increase the accountability of their projects by allowing them to collect and use project data in real time. Headlight’s visual tools give project managers real-time images of every aspect of a job site. The company counts a number of state transportation agencies as its clients and partners, and appears to be in a promising position after the passing of the bipartisan infrastructure bill. 

No. 382: Smartsheet

Founded in 2005, Smartsheet is a business efficiency software service that provides a dynamic, secure workspace to 80% of Fortune 500 companies. It reported $131.7 million in revenue, up 44%, for the most recent quarter. The Bellevue-based company, which has offices in Boston, Edinburgh, London, and Sydney, recently announced a shakeup of its executive team.

No. 386: Icertis

Icertis’s AI-powered contract intelligence platform “turns contracts from static documents into strategic advantage” in applications from clinical trial agreements to supplier onboarding. The privately held company, founded in 2009, was valued at $2.8 billion after raising $80 million in March. It counts Best Buy and Microsoft among its clients, and its software has engaged some 10 million contracts worth more than $1 trillion.  

No. 412: Pushpay

Primarily serving churches across the world, Pushpay’s platform helps ministries and non-profits more easily fundraise online and better engage with donors. In August the company acquired streaming leader Resi Media, positioning the company to fully operate remote. Their ChurchStaq software allows leaders, staff, and volunteers to better gauge and streamline ministry impact. Pushpay trades publicly on the NYSE.    

No. 437: Skilljar

The pandemic was great for Skilljar, a leading customer training platform that helps scale resources and increase customer adoption and retention by providing education and training to customers of their clients, including Tableau, Verizon, and Zenefits. Skilljar this week celebrated the end of its flagship conference, Connect 2021, by launching new integrations with Caveon and ProctorFree and announcing wins at Gong, Hopin, and Shopify.  

No. 447: Zenoti

The company’s cloud-based software covers every aspect of the spa and salon management business, from booking and employee management to inventory and marketing. Zenoti currently serves more than 12,000 businesses and in September it acquired salon manager SuperSalon. It raised $80 million in June and is valued at around $1.5 billion.

No. 460: SirionLabs

Another contract management system, SirionLabs manages 5 million-plus contracts worth over $450 billion. At the end of October Sirion revealed that it had nearly doubled revenue in the last year and would be opening offices in Germany, France, and Australia.

No. 489: iSpot.tv

iSpot.tv is an ad performance measurement metric that tracks the performance of TV ads. The company has exclusive rights to 16 million Smart TVs and has direct integrations with hundreds of streaming platforms. Customers include P&G, Google, Bose, and Fox. In January it bought attitudinal measurement pioneer ACE Metrix, and in October iSpot.tv acquired DRMetrix.

No. 500. DigniFi

DigniFi, the financing platform for cars, motorcycles, and other powersport vehicles, has processed more than 300,000 applications since its founding in 2013. DignFi’s WebBank-backed credit program, ExpressWay, simplifies financing for their customers so that they can make repairs from which they otherwise would be dissuaded.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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