With Three-Year Revenue Growth of 430 Percent, City Innovate Ranks No. 1350 Among America’s Fastest-Growing Private Companies
NEW YORK–(BUSINESS WIRE)–Inc. revealed today that City Innovate ranks No. 1350 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“We are thrilled to be recognized for our rapid growth over the last 3 years. Growth that was only possible due to our incredible government agencies that trust us with their Document Process Automation needs for procurement, contracts, grants, and budgeting,” say Co-CEOs & Founders, Jay Nath and Kamran Saddique.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
About City Innovate
City Innovate’s enterprise Documentation Automation Platform™ is purpose-built for large government agencies tasked with building complex documents and evaluating submissions provided through an online portal. Build, manage, collaborate, and evaluate complex documents and submissions in less time.
Providing a single repository of fully compliant and smart templates, City Innovate bridges together document-centered processes and automation across the entire procurement, contracting, grants, and budgeting lifecycles.
Unique to City Innovate is the way it turns data hidden inside your documents into structured data suitable for injection into the other systems your agency relies upon for ERP and financial planning and analysis.
Accelerate time-to-result by as much as 50-70% (sometimes more!) without compromising compliance, insight, and oversight, with City Innovate’s revolutionary no-code platform for Document Process Automation™.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, slated for October 31 – November 2 in San Antonio, visit http://conference.inc.com/.
Contacts
Marcia Kadanoff
Chief Marketing Officer
marcia@cityinnovate.com
