Vancouver, BC – August 31, 2021 – ThoughtExchange, the world’s only Enterprise Discussion Management platform powered by anti-bias technology, has seen explosive growth as workplaces and organizations have gone increasingly digital over the last eighteen months. The company has formalized their “growth wonder” status by clinching a spot on Business in Vancouver’s Top 100 Fastest Growing Companies in B.C. 2021 list. The rankings were decided by calculating percentage growth revenue between 2016 and 2020. With an impressive 386.2% increase over that period, ThoughtExchange rocketed to the top, expanding sales revenue from approximately $3.5 million in 2016 to a whopping $16,900,000 in just four years’ time. This exponential growth is directly correlated to a mainstream shift toward a distributed workforce and is set against the backdrop of a rapidly expanding enterprise tools market.
ThoughtExchange’s SaaS platform is favored by a growing list of Fortune 500 companies such as GE Healthcare, SAP and Oracle NetSuite, as well as healthcare organizations, governments, leading tech startups, and thousands of educational leaders across the globe. In the first three months of the COVID-19 pandemic, as many businesses struggled to stay afloat amid seismic operational and economic shifts, ThoughtExchange saw a year-over-year user growth of over 600%. The company also secured a $34M Series B funding round in November 2020, totaling $50 million in funding to date.
ThoughtExchange’s software allows leaders to have a conversation with a crowd of 10-100,000 people, in person or virtually. The technology ensures everyone in the crowd is heard, everyone learns and the most important ideas emerge. Patented data analysis and AI provides deep insights and surfaces similarities and actionable intelligence to help leaders make better-informed decisions that have buy-in.
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