Locus Robotics, the market leader in autonomous mobile robots, today announced that The Boston Business Journal has named the company to its exclusive 2023 Fast 50 list for the third year in a row. The BBJ Fast 50 represents the 50 fastest-growing private companies in Massachusetts.
Locus was officially announced as the 5th fastest growing company overall at the formal event held in Boston on Thursday, May 17, clarifying the positions of honorees that were announced earlier this month.
“Placing in the top five for the BBJ’s Fast 50 for three years in a row is an accomplishment we’re exceedingly proud of,” said Rick Faulk, CEO of Locus Robotics. “As the robotics industry continues to grow, Locus Robotics has emerged as the clear leader in the market, and we are poised for further significant growth both in Massachusetts and around the world.”
The BBJ Fast 50 companies are selected and ranked based on revenue growth from 2019 to 2022 as analyzed by the Boston Business Journal’s research department. Companies listed on the Fast 50 must have their headquarters in Massachusetts and must have reported revenue of at least $500,000 in 2019 and $1 million in 2022 to be considered.
"We are so happy to be able to celebrate this year's Fast 50, bringing together the leaders, founders and professionals working at the region's fastest-growing private companies," said Carolyn M. Jones, market president and publisher of the Boston Business Journal.
View the complete list of 2023 Fast 50 companies.
The Boston Business Journal is the region's premier business media organization, one of 45 markets owned by American City Business Journals. For marketing and sponsorship opportunities, contact the Business Journal today.