Cynozure named one of London’s fastest growing companies

Cynozure has been named one of many quickest rising corporations in London. Primarily based within the metropolis, the information science consultancy loved progress of greater than 122% over its final two monetary years.

Based by CEO Jason Foster in 2016, Cynozure is a digital expertise and information analytics consultancy. With workplaces on both facet of the Atlantic, the younger agency has since loved explosive progress, and was even named within the Sunday Instances’ high 50 fastest- rising personal firms in 2022.

2023 has seen the agency construct on that momentum, with varied rating successes all year long. In October, Cynozure was named ‘Finest Place to Work in Information’ as a part of the 2023 DataIQ awards, in addition to being a finalist for the ‘AI-Enabled Information Resolution of the 12 months’ class.

Now, the agency has closed out the 12 months with an extra triumph: being named one of many quickest rising firms in London. Amid the fiercely aggressive economic system of the UK capital metropolis, Cynozure was discovered to be the 14th quickest increasing personal enterprise for the record compiled by Quick Progress 50.

Jason Foster, Founder and CEO at Cynozure commented, “In an age the place information, analytics, and AI are shaping the way forward for enterprise, we take nice delight in guiding our clients by this difficult panorama and serving to them to succeed in their full information potential. We’re thrilled that this work drives our progress and led us to securing a spot amongst London’s high 50 fastest-growing firms.”

Quick progress corporations – that are usually outlined as reaching 20% progress each year – make up lower than 1% of the UK enterprise inhabitants however symbolize 50% of the overall SME turnover output. Quick Progress 50 is an organisation which goals to rejoice the quickest of the quick, and to focus on their finest practices for different organisations seeking to enhance their very own efficiency. 2023 is the primary time there was a particular Quick Progress 50 record for London.

In line with the researchers, collectively, the corporations generated a turnover of £2.23 billion and employed almost 11,000 individuals during the last 12 months. Nonetheless, it’s their capability to supply a further £1.45 billion in turnover in the course of the interval from 2020 to 2022, at a median progress price of 188%, that highlights their distinctive efficiency.

Amid a gold-rush regarding shoppers getting essentially the most from AI, Cynozure’s specialisms in analytics and AI have seen it report a powerful two-year progress price of just about 123%. The corporate works with its shoppers on information and AI technique, information administration, information structure and engineering, analytics and AI, information tradition and literacy, and alter administration and management.

Dylan Jones-Evans, founding father of Quick Progress 50, added, “The UK Quick Progress 50 Index demonstrates {that a} small variety of quick progress corporations, reminiscent of Cynozure, make a considerable contribution to the UK’s financial panorama, offering actual examples of how innovation, enterprise and sheer onerous work could make an actual distinction in all sectors from development to monetary companies to expertise. Their unimaginable progress throughout tough occasions reveals that by producing wealth and jobs of their native communities, entrepreneurship is the cornerstone of regional and nationwide prosperity.”