Most Innovative Companies


The World's Most Innovative Companies 2018

Shopify is an e-commerce company and platform for online stores. Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake in response to their dissatisfaction with the existing e-commerce options online that were complicated and expensive. Shopify makes it easy for anyone to create their own shop by handling everything from marketing and payments to checkout and shipping. The company has recently revolutionized the shopping experience by allowing sales to be done directly through Instagram without ever leaving the app. The company will continue to grow and evolve by focusing on machine-learning technology that will allow users to learn more about what makes e-commerce companies successful. Though Shopify became a publicly traded company in 2015, its goal is to stay behind the curtain, all the while empowering sellers to simplify the shopping experience--wherever their clientele may be. 

2012: Retail
valuation: $1.27 billion as of May 2015
public or private: Public
profitable: No
revenue: Approaching $200 million
staff: 1,000
headquarters: Ottawa, Canada
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