Estonia’s Cleveron recognised as one of the fastest-growing tech companies in Central Europe

The Estonian company, Cleveron, that produces parcel robots, has been recognised as one of the fastest-growing technology companies in the Technology Fast 50 Central Europe programme based on the revenue growth over four years.

According to Cleveron, its sales revenue growth of 1,799% over the period of 2015-2018 secured the eighth place in the Technology Fast 50 Central Europe competition for the company. Cleveron was also awarded the second place in the Big 5 special category for which eligible companies must have the annual revenue exceeding €25 million, the company said in a statement.

Cleveron’s revenue growth of 1,799% over the period of 2015-2018 secured the eighth place in the Technology Fast 50 Central Europe competition.

The sales revenue of Cleveron, founded in 2007 in Viljandi County and specialising in the production of parcel robots, reached €47.4 million years last year.

The winner was a Lithuanian company

The Technology Fast 50 Central Europe programme, organised by Deloitte, the world’s leader in consulting services, rates technology companies based on their sales revenue grown over the last four years.

The winner in the general category was the Lithuanian company, Voltas IT, established in 2014, whose revenue growth over four years amounted to 5,734%. Voltas IT develops and produces user-friendly diagnostic systems for daily drivers, and an average of 1,000 new smartphone app users join these every day.

Deloitte has carried out its annual Technology Fast 50 competition for the 20th time this year. This year, the rating features 31 software companies, 10 media and entertainment companies, seven hardware manufacturers and two financial technology companies.

Cleveron’s pick-up tower at a Walmart store in the US.

Cleveron is an Estonian logistics company, mostly known for its pick-up towers installed in some Walmart stores across the United States.

Cover: Cleveron’s PackRobot 005 in front of the company’s HQ in Viljandi.

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