Cudos, the decentralised computing network that unites cloud and blockchain to make computing sustainably cost-effective, ranked eighth in the 2022 Deloitte UK Technology Fast 50 awards.
Why it matters
Cudos earned the prestigious spot in top10 in one of the UK’s foremost technology growth awards following the release of its Mainnet in June and the development of scalable and affordable applications on its distributed cloud infrastructure. Rankings are based on percentage revenue growth over the last four years. Remarkably, Cudos grew 4240% during this period.
“We’ve worked tirelessly to drive the company forward and realise our mission to empower people and organisations to earn and save through cheaper, accessible, and sustainable computing,” said Matt Hawkins, CEO of Cudos, “We’re delighted with the 4240% growth and be one the UK’s fastest growing technology companies, alongside 49 other incredible tech solutions – it’s a true testament to the huge drive in technological innovation across the UK.”
More about Cudos
Cudos is tackling the environmental crisis impacting the internet today. It is a blockchain that thinks green natively, working to a 100% carbon-neutral expansive cloud infrastructure. It aims to power the development of applications and financial instruments, non-fungible tokens (NFTs), and the metaverse to realise the vision of a decentralised Web3.
Cudos also uses blockchain technology combined with the world’s underused processing power and demand for increased computing capability. It enables cloud computing firms to access extra processing capacity for various use cases such as:
- Artificial intelligence (AI) and machine learning (ML)
- 3D rendering and motion graphics
- GPU cloud computing
- High-performance computing
UK Technology Fast 50
Duncan Down, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The exceptional growth of this year’s Fast 50 is a marker of the ongoing strength and resilience of the UK’s technology industry, which continues to thrive despite considerable headwinds.
“Deloitte’s 2022 Fast 50 awards showcase the talent and innovation in the UK’s technology industry today.
“The Deloitte UK Technology Fast 50 awards give businesses the opportunity to be recognised and rewarded for their contributions to the UK technology sector and achievements over the last four years.
About Cudos
Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.
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About the Deloitte UK Technology Fast 50 The Deloitte
UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its 25 th year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from IoT to BioTech, digital media technology to life sciences, FinTech to software and clean energy to telecommunications.
For more information, visit www.fast50.co.uk
The full list of this year’s winners and winner breakdown by region and sector is available at www.fast50.co.uk
About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK’s leading professional services firms. The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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