Commercial Services Tech Sector

Netskope

Market Cap: US$4.2b

A cybersecurity company, provides security, networking, and analytics solutions to largest enterprises to mid-sized companies worldwide.

Extreme Networks

Market Cap: US$4.2b

Develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

EPAM Systems

Market Cap: US$4.2b

Provides digital platform engineering and software development services worldwide.

Ondas

Market Cap: US$4.1b

Provides private wireless, drone, and automated data solutions in the United States and internationally.

Impinj

Market Cap: US$4.1b

Operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Badger Meter

Market Cap: US$4.0b

Manufactures and markets flow measurement, quality, control, and communication solutions worldwide.

Vontier

Market Cap: US$4.0b

Provides mobility ecosystem solutions worldwide.

Universal Display

Market Cap: US$4.0b

Engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications.

Lumine Group

Market Cap: CA$5.6b

Develops, installs, and customizes software, and related professional and support services worldwide.

CleanSpark

Market Cap: US$3.9b

Operates as a bitcoin mining company in the Americas.

Ichor Holdings

Market Cap: US$3.9b

Engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in Singapore, the United States, Europe, and internationally.

Penguin Solutions

Market Cap: US$3.9b

Designs, builds, deploys and manages enterprise solutions worldwide.

Bitdeer Technologies Group

Market Cap: US$3.9b

Operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally.

Itron

Market Cap: US$3.7b

A technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide.

Tenable Holdings

Market Cap: US$3.7b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Box

Market Cap: US$3.7b

Provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in the United States, Poland, the United Kingdom, and internationally.

nLIGHT

Market Cap: US$3.7b

Engages in the design, development, manufacture, and sale of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications.

Adeia

Market Cap: US$3.6b

Operates as a media and semiconductor intellectual property licensing platform company in the United States, Asia, Canada, Europe, the Middle East, and internationally.

Insight Enterprises

Market Cap: US$3.6b

Provides information technology, hardware, software, and services in the United States, rest of North America, Europe, Middle East, Africa, and the Asia-Pacific.

BILL Holdings

Market Cap: US$3.6b

Provides financial operations platform for small and midsize businesses worldwide.

Cellebrite DI

Market Cap: US$3.5b

Develops software and services for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

OSI Systems

Market Cap: US$3.5b

Designs and manufactures electronic systems and components in the United States and internationally.

Knowles

Market Cap: US$3.5b

Offers capacitors, radio frequency (RF) and microwave filters, balanced armature speakers, and medtech microphones in Asia, the United States, Europe, rest of Americas, and internationally.

Keel Infrastructure

Market Cap: US$3.5b

Operates digital and energy infrastructure with focus on high-performance computing (HPC) and artificial intelligence (AI) workloads in North America, Canada, and the United States.

Ouster

Market Cap: US$3.4b

Engages in the production and sale of lidar sensor kits for the automotive, industrial, robotics, and smart infrastructure industries in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Benchmark Electronics

Market Cap: US$3.4b

Offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe.

SolarEdge Technologies

Market Cap: US$3.4b

Operates as an energy technology company in the United States, Europe, and internationally.

ChronoScale

Market Cap: US$3.3b

Designs and develops a compute platform to support artificial intelligence (AI) workloads.

Xanadu Quantum Technologies

Market Cap: CA$4.7b

Develops and provides photonic quantum computing technology and related software solutions and applications, including cloud-based access to quantum computers and tools for quantum programming and simulation.

RingCentral

Market Cap: US$3.3b

An agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging.

monday.com

Market Cap: US$3.2b

Develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally.

Teradata

Market Cap: US$3.2b

Provides an AI and knowledge platforms in the United States and internationally.

Cohu

Market Cap: US$3.2b

Through its subsidiaries, provides semiconductor test equipment and services in the United States, Taiwan, China, Malaysia, the Philippines, Singapore, and internationally.

IPE Universal

Market Cap: US$3.1b

Engages in the development and commercialization of mobile Voice over Internet protocol (VoIP) communications and mobile advertising applications in Malaysia and Hong Kong.

NetScout Systems

Market Cap: US$3.0b

Provides carrier service assurance, cybersecurity, and Distributed Denial-of-Service (DDoS) solutions to protect digital business services against disruptions.

Pony AI

Market Cap: US$3.0b

Through its subsidiaries, engages in the autonomous mobility business in the People’s Republic of China and internationally.