|

Vention Announced as One of Deloitte’s Technology Fast 50™ Program Winners for 2023

February 15, 2024

Vention announced as one of Deloitte's Technology Fast 50™ program winners for 2023

A unified digital platform to empower manufacturers to become automation specialists

Vention, a leading digital manufacturing automation platform (MAP), was recognized for the third time as part of the 2023 Deloitte Technology Fast 50™ awards program for its rapid revenue growth, entrepreneurial spirit, and bold innovation.

Celebrating its 26th anniversary, the program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years. Vention ranks 29 with a 636 percent in revenue growth from 2019 to 2023.

Vention is democratizing the $180B+ industrial automation market. Since 2016, Vention has empowered high-mix manufacturers to implement industrial automation through cloud software and a modular hardware ecosystem. The self-serve platform combines a suite of easy-to-use engineering software and plug-and-play automation components, enabling manufacturing professionals to design, automate, order,deploy, and operate automated equipment directly from their web browsers, erasing the boundaries between the digital and physical worlds.

“Vention’s commitment to make industrial automation accessible has never been stronger. As the manufacturing landscape grapples with labor shortages, rising salaries, and a surge of localized production, the need for innovative solutions to automate factory operations is on the rise,” said Etienne Lacroix, CEO and Co-Founder of Vention. “With a focus on ease of use, Vention’s Manufacturing Automation Platform (MAP) empowers every manufacturing professional to become an automation specialist.”

Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500, with winners automatically eligible for this elite ranking.

“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2019 and $5 million in 2022, be headquartered in Canada, own proprietary technology, conduct research, and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.

About the Deloitte Technology Fast 50™ program

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 26th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise—Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte,  RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca

About Vention

Vention helps some of the most innovative manufacturers automate their production floors in just a few days through a democratized user experience. Vention’s digital manufacturing automation platform allows clients to design, automate, order, and deploy automated equipment directly from their web browsers. Headquartered in Montreal, Canada, with offices in Berlin and Boston, Vention’s 300+ employees serve 4,000+ customers on five continents and 25 manufacturing industries.

Over the years, the company has been awarded many business and industry recognitions. In 2022 only, the company was awarded the prestigious Deloitte 2022 Technology Fast 50m, Report on Business Canada’s top growing company, and Best Work Place (for professional development).

SOURCE Vention Inc.

Source

More Information

For more information, visit vention.com or follow them on LinkedIn.

*MachineMotion, MachineLogic, MachineCloud, and Vention are trademarks of Vention Inc.

Related Story

Vention Bolsters its Partnership with Fonds de Solidarité FTQ to Boost Automation in Quebec’s Manufacturing Industry

Vention, the Quebec-based company behind the only fully integrated manufacturing automation platform (MAP), is proud to announce an investment of US$15 million from the Fonds de solidarité FTQ. With the support of its partners, Vention continues its strong growth and pursues its mission to democratize industrial automation, thereby boosting the productivity and competitiveness of manufacturing companies.

Related Articles


Latest Articles

  • Small Town Infrastructure is Being Retrofitted, Federal Funding Helps Drive This Change

    September 9, 2025 By Krystie Johnston Municipalities across Canada are tackling climate change. From big cities to small towns, every action counts. Densely populated metropolitan areas are usually the first places that experience infrastructure upgrades to public buildings and structures because they need to support the increased demands of a growing population. But small towns… Read More…

  • Bossard is Scaling Front Line Flexibility

    September , 2025 Experience Smart Factory Solutions that Adapt to Your Operators’ Needs at FABTECH 2025 By Krystie Johnston Bossard is bringing the future of assembly and inventory management to FABTECH 2025 from September 8 – 11. Visit them at Booth #B13000, at the North Hall in the Automation Pavilion at McCormick Place in Chicago… Read More…


Featured Article

Revolutionizing Material Movement with Autonomous Mobile Robots

Revolutionizing Material Movement with Autonomous Mobile Robots

In today’s fast-paced manufacturing and logistics industries, the need for efficient and flexible material movement solutions has never been greater. Traditional methods like conveyor systems, forklifts, and manual pushcarts have served us well, but they come with limitations.

That’s why Omron is thrilled to announce the launch of their game-changing MD Series of Autonomous Mobile Robots (AMRs). Read more


Products

  • WAGO Expands 750 Series with New Functional Safety I/O Modules

    September 12, 2025 WAGO Expands 750 Series with New Functional Safety I/O Modules WAGO is introducing three functional safety I/O modules to be used with WAGO’s PFC controllers. These new 750 Series modules have four safe inputs along with either two safe outputs at 10 A/24 VDC, or four safe outputs at 2 A/24 VDC… Read More…

  • First Controllers in Trio’s Motion-PLC Range Simplify the Design of Stand-Alone Machines

    September 10, 2025 Trio Motion Technology has launched the first controllers from its new Motion-PLC range, designed to provide advanced motion control performance with the functionality and simplicity of a PLC. The new class of controller combines high-performance motion control over EtherCAT plus logic and I/O expansion, enabling faster, simpler machine development. The first models in… Read More…