Inxeption ranks 28 among California-based companies, takes the 11th spot in the software category
CUPERTINO, Calif., Aug. 15, 2023 /PRNewswire-PRWeb/ -- Inxeption, the leader in Industrial Commerce, has ranked 117 in the 2023 Inc. 5000, the 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— independent, entrepreneurial businesses.
"We're proud to be featured for the first time on the Inc. 5000. This accomplishment is a reflection of the growth we've achieved in the past few years," said Inxeption co-founder and CEO Farzad Dibachi. "Digitization of industrial commerce is top of mind for companies looking to do business better in the current economy, and that's why we are seeing everyone from industrial manufacturers to solar installers embrace buying and selling with Inxeption's technology."
Inxeption offers transactions that are digital, automated, secure and managed end-to-end through a single dashboard. This empowers industrial companies to connect, transact, fulfill and understand their global supply chain, digitizing the manual processes that have historically defined industrial commerce.
Top Inc. honorees exhibited tremendous growth from 2019 to 2022. Inxeption ended that three-year period with more than 200-percent growth in Q4 of 2022. More recently, Inxeption achieved more than 30-percent revenue growth during the first half of 2023. Gross profit growth increased more than 300 percent in the first six months of 2023, when compared to the year before.
"Running a business has only gotten harder since the end of the pandemic," said Scott Omelianuk, Inc.'s editor-in-chief. "To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment."
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 http://www.inc.com/inc5000.
Inxeption will be featured along with the other top 500 companies in the September issue of Inc. magazine.
About Inxeption
Inxeption is the leading technology platform digitizing the global Industrial Commerce value chain. We are advocates for our ecosystem of suppliers and buyers, enabling them to Do Business Better.
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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 http://www.inc.com.
Media Contact
Jon Ross, Inxeption, 408.461.5275, [email protected], www.inxeption.com
SOURCE Inxeption
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