Unit8 revenue growth sets the pace

Between 2017 and 2020, Swiss scale-up Unit8 experienced a revenue growth rate of 44 times making it the fastest growing company in Switzerland according to a new Financial Times report. For the two founders, Marcin Pietrzyk and Michal Rachtan, this strong performance provides both confirmation of the progress and extra incentive to keep developing.

Lausanne-based data & AI services company Unit8 provides services to non-digital native companies to help them use their data to drive value. As CEO & cofounder Marcin Pietrzyk explains to Startupticker.ch, the core expertise of the scale-up spans from systems for analytics & data processing to AI. It covers a broad range of industries e.g. pharma, insurance, banking, aviation, energy or fragrance.

Unit8 customers include leading Swiss and European companies such as Firmenich, Daimler and Merck, in addition to some of the largest SMI listed companies. Their business model is mainly in service, although the company starts providing more and more solutions and enablers.

Unit8’s approach is clearly paying off and getting international attention. The result of the ‘FT1000: Europe's Fastest Growing Companies 2022’ ranking is extremely pleasing for Unit8: the data & AI services company experienced a revenue growth rate of  44 times between 2017 and 2020, which makes it the company with the highest growth rate in Switzerland. Compared to the whole of Europe, Unit8 ranks 17th overall and 6th in the technology sector.

‘I am very proud that Unit8 has been named the fastest-growing Swiss company by the Financial Times. Yet the real success is not the growth rate itself, it’s rather the positive impact Unit8 can make for its customers. As Unit8 continues to grow, it’s important to me that we continue to maintain this momentum to win and further strengthen the trust of some of the most well-known Swiss and European brands: companies that trust us to deliver best-in-class data and AI services,’ says CEO Dr. Marcin Pietrzyk. ‘I am particularly pleased that as the organization scales, we are able to maintain the exceptional culture that we have built with our people.

Growing ambitions

According to Pietrzyk, Unit8 who joined the Scale-up Vaud community recently will continue to grow in the current year. ‘We have many exciting new projects, and we continue to think big. Above all, however, we are committed to our mission to accelerate their digital transformation and fulfil their obligations toward business and society with data, Advanced Analytics & AI. The team is aiming to shape the company to become the analytics service leader in Switzerland and the DACH region.

What started with two founders and a post-It note in 2017 is now a company with over 85 employees: offices in Zurich, Lausanne, and Kraków, and numerous satisfied customers. ‘We have now been able to show in more than 80 use cases how data can be used sensibly to help companies move forward,’ says Pietrzyk. This success is due to a strong customer focus, hard work, a lot of innovative spirit, and a great team – but the location in Switzerland also plays an important role.