BETHESDA, Md. (PRWEB) December 13, 2018
Deloitte has announced that iLearningEngines ranked 7th on Deloitte's Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. iLearningEngines also ranked #1 in the Greater Washington DC area for the second straight year. iLearningEngines previously ranked #14 as a Technology Fast 500™ award winner for 2017.
“iLearningEngines’ Learning and AI platform and its ability to drive desired outcomes at massive scale has strongly resonated with enterprises. Our growth rate continues to accelerate as enterprises are rapidly adopting iLearningEngines for mission-critical training," said Harish Chidambaran, President and CEO.
"iLearningEngines is a category defining company that is transforming the way people learn and engage with expert content. iLearningEngines is well-positioned to continue its rapid growth globally. We are proud to be an investor in the business and partner with an exceptional Maryland based entrepreneur, Harish Chidambaran and his team," said Parag Sheth, Director at the Maryland Venture Fund.
“We will continue to lead the way with AI frameworks for training, and with the support of our Global Sales & domain experts deliver consistent value to our global clients. We want to thank our customers and strategic partners that have made ILE the dominant Learning and AI technology over the last few years," added Bala Krishnan, Executive Vice President of Sales.
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences 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 2014 to 2017.
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 $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
iLearningEngines (ILE) is the leader in cloud-based, mission critical training for enterprises. The Company’s Outcomes Driven Learning and AI platform is used by enterprises to deliver firm specific training and drive mission critical outcomes on a massive scale. iLearningEngines is being deployed in some of the most demanding vertical markets including healthcare, education, energy, transportation and the military. The intense demand for scalable, outcome-based training has led to marquee customer wins across multiple verticals. The Company leverages its clients’ own subject matter experts, in-house content, and third-party content to create training materials, and then uses its AI and machine learning engine to deliver personalized training plans at scale. The company also has a sub brand, iHealthEngines, specifically for the healthcare market. iHealthEngines is transforming physician and clinician engagement, patient education and engagement, and population health.
About Maryland Venture Fund
The Maryland Venture Fund is dedicated to driving economic development in the State while funding and growing the next generation of outstanding businesses in Maryland. We are an experienced team with significant operating and venture experience whose focus is on making the entrepreneurs successful. We are sector and stage agnostic. With more than $135M in assets under management, we partner with exceptional entrepreneurs and help them build valuable companies that last. (http://www.marylandventurefund.com)
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