Burgeoning Czech tech firms among the fastest growing companies in Europe, Middle East and Africa

Published: 25.08.2020 Related countries:  United Kingdom United Kingdom

It has now become a rule that Czech technological start-ups are placing among the fastest growing tech companies in Europe, Middle East and Africa. This year, all the buzz focuses around the 3D printer manufacturer Prusa Research and Blindspot Solutions, AI based optimalisation and automation provider.

 

 

This is based on the industry ranking Technology Fast 500, carried out each year by Delloitte, which tracks the growth of sales in the last four years. This year’s results reflect years between 2015 and 2018 in which 24 indigenous Czech companies have managed to join this prestigious club. That is 17 more compared to last year.

 

Same as last year, the best performing Czech company is Prusa Research, placing on 24th position in total. The astonishing growth of 4 525 % in the last four years proves that the Czech Republic is a player to be reckoned with when it comes to 3D printing sector. The company now ships over 6 000 printers every month worldwide and employs more than 300 people. The company was not disrupted during the height of the pandemic either and it supported the fight against coronavirus by printing out 200 000 plastic shields, which it gave away for free.

Prusa Research was closely followed by another Czech start-up Blindspot Solutions, which ranked 25th. Blindspot Solutions develops and integrates machine-learning solutions and AI-based algorithms across cybersecurity, banking and automotive, to name just a few. Given the fact that Blindspot has started offering its own products only in 2017 and before has focused purely on tailored solutions for optimalisation and machine learning, the growth of 4 444 % is highly respectable.

While British banking-app start-up Revolut has taken the first place overall, there have been other Czech companies such as Sewio Networks, Applifting, Rohlik, 3DWiser and Kiwi.

Such results are indeed a positive indication that the Czech Republic is increasingly moving into the high-added value segments of the economy and the wealth of young talent flowing from top tech universities such as CVUT is supporting this trend. CzechTrade office in London is well established within the tech sector in the Czech Republic and will be pleased to carry out introduction to British partners.

Source: Technology Fast 500