Inc. just unveiled its latest Inc. 5000 list identifying the fastest-growing startups across the country, and New York City tech companies were well represented in this year’s ranking.
The magazine’s list, released Wednesday, includes privately held, U.S.-based companies that were founded and generating revenue no later than March of 2016. Companies included in the list are ranked according to their percentage revenue growth between 2016 and 2019.
All told, 331 NYC companies across all industries made the 2020 Inc. list, including 183 repeat honorees. These NYC companies reported a median three-year revenue growth of 198 percent, along with a total of nearly 34,000 jobs added during that time period. Total revenue came out to $13.3 billion.
Read below to learn more about the NYC tech companies that led the way on this year’s Inc. 5000 ranking.
With celebrity investors including Leonardo DiCaprio and Cedric the Entertainer, this eight-year-old company has raised $14 million to predict consumer taste across various industries, including media, fashion, travel and entertainment. Boasting more than 2,000 percent revenue growth over the last three years, Qloo is among the fastest growing startups of its kind in NYC.
Remesh helps companies like Nascar, Deloitte and Barclays have live conversations with their customers at scale, using AI to organize audience responses in real time. The company closed on a $25 million Series A round in March, bringing its total funding raised to nearly $40 million, according to Crunchbase data. Its revenue has grown more than 2,500 percent over the last three years.
With more than 6,000 percent revenue growth over the last three years, Yieldstreet is the third-fastest growing fintech startup in NYC. The company gives its users access to “alternative” investment opportunities. To date, about $1 billion has been invested through the platform.
Noom wants to disrupt the weight-loss and healthcare industries. By combining psychology and artificial intelligence on its mobile app, the company helps its users change unhealthy habits and ultimately live healthier lives. Noom closed on a $58 million Series E round last year and its revenue has grown 6,354 percent over the last three years.
Ocrolus’ intelligent automation platform is able to analyze financial documents with more than 99 percent accuracy, eliminating the need for manual review. Lately, the company been “extremely busy” helping financial institutions support the small business PPP loans put in place due to the COVID-19 pandemic. Its revenue over the last three years has grown nearly 8,000 percent.