Kong Smashes Forward Being Ranked as One of the Fastest-Growing Companies in North America

By Thomas Price Saturday, December 5, 2020

Despite 2020 being a difficult year for economic growth given the global downturn due to the COVID-19 pandemic, many businesses have still found places to flourish. In fact, beyond simply staying afloat, many businesses have actually seen near astronomic growth in 2020 based on the type of service they provide and how drastically different business and consumer demand looks this year in comparison to most. One of those fast-growing businesses is Kong Inc., which has had perhaps the company’s most successful year to date. In fact, Kong Inc.’s success was so notable it was placed on Deloitte’s Technology Fast 500. So, what does Kong Inc. do, and what is the state of the company’s growth and future?

What Does Kong Inc. Do as a Company?

The basic premise of what Kong Inc. does can be broken down into two categories: creating software and its services segment. The company’s services make it faster and easier for other businesses to connect APIs and microservices across many different places, including clouds, Kubernetes, data centers, and other hybrid environments. Kong Inc.’s service connectivity platform is built on open source code, which allows for organizations to observe and manage APIs and services for modern architectures throughout the entire process. These modern architectures include microservices, serverless, and service mesh. Kong Inc. is led by CEO Augusto Marietti and CTO Marco Palladino, who are both co-founders. The company’s list of high-level investors includes Amazon founder Jeff Bezos, Index Ventures, GGV Capital, and Stanford University. Because of the quality of the software and services offered by Kong Inc. as well as the money being put into the company, there has truly been incredible growth in recent years.

The most impressive numbers for Kong Inc. are its over 200 million downloads, over 45,000 community members, and over 250 enterprise customers. All of these numbers are strong indicators of the company’s growth. As for that growth, Kong Inc. saw over the course of 2016 to 2019, an astounding 1,908% increase in revenues. This has been largely credited to the creative new products introduced this year along with enterprise adoption. Besides having tremendous revenue and growth, one result of this has been Kong Inc.’s inclusion on Deloitte’s Technology Fast 500 — a major step for any company to be placed on.

Kong Inc.’s Inclusion on Deloitte’s Technology Fast 500

Kong Inc. was not only placed on Deloitte’s Technology Fast 500 but was placed in the top 70 at number 69. This was quite a large accomplishment for the company, with Marietti quoted as saying,

“We are honored to be recognized on this prestigious list of fast-growing companies. As we continue helping companies navigate the transition to modern, cloud-native apps and services — which is more important than ever given the accelerated shift toward remote-based work — we are certain that this momentum will continue, and we're excited to deliver new products and features that simplify most service connectivity needs to a single click.”

The Deloitte’s Technology Fast 500 has been around for 26 years as a ranking for the fastest growing technology, media, telecommunications, life sciences, and energy companies in North America. The winners are not decided arbitrarily but by their revenue growth by percentage over the three-year time period of 2016 to 2019. In order to qualify to be on the list, a business must first be based in North America, own intellectual property or technology that is sold to customers as the main source of revenue, have over $50,000 in revenue, and be in operation for a minimum of four years.

Final Conclusions

Kong Inc. is a promising and growing company with clear interest from high-level investors as well as a product that is obviously connecting with many different consumers considering the explosive growth in revenue over a short period of time. The company being named on the Deloitte’s Technology Fast 500 is nothing more than further affirmation of how strong the future looks for Kong Inc. as they continue to innovate in a burgeoning market of technology.

About the Author

Headshot for author Thomas Price

Tom Price is a writer focusing on Entertainment and Sports Features. He has a degree from NYU in English with a minor in Creative Writing. He has been previously published for Washington Square News, Dignitas, CBR, and Numbers on the Boards.

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