Inc. released its 2022 list of the 5,000 fastest-growing, private companies in the United States. To no surprise, San Francisco had a stellar representation on the list with 167 companies in the Bay Area making the cut.
The list ranks companies based on their percentage revenue growth over the past three years, with this year’s list looking at growth between 2018 and 2021. In total, the Bay Area experienced a media growth of 303 percent with total revenue of $12.2 billion, according to the magazine.
Across industries, 19 newly founded San Francisco companies made the list and 80 were repeat honorees. These companies also added 26,949 jobs to the area.
Read on to find out more about the top five fastest-growing companies in the Bay Area, according to the 2022 Inc. 5000 list.
Rank #95
Moloco is a machine learning (ML) advertisement platform that helps app developers and e-commerce marketplace grow their reach. Moloco’s offerings helps businesses accelerate user acquisitions and grow their revenue as well as automate sponsored ads to drive merchant performance. Between 2018 and 2021, the company grew its revenue by 4,455 percent, according to Inc.
Rank #64
Truework is an income and employment verification platform for mortgage, auto and consumer lenders. The API-enabled platform makes it easy for lenders to verify financial information by partnering with payroll providers like Gusto, Zenefits and BambooHR. Currently, the company works with over 17,000 lenders nationwide to provide verification in just seconds. Earlier this year, the company raised $50 million in Series C funding. Between 2018 and 2021, Truework grew its revenue by 5,950 percent, according to Inc.
Rank #56
ArtsAI is a marketing company that uses AI to send optimized marketing messages to customers through a variety of platforms. The company’s AI Personalization product is able to automatically cluster audiences together based on various different metrics in order to generate content that drives conversions. Between 2018 and 2021, ArtsAI grew its revenue by 6,285 percent, according to Inc.
Rank #55
Empower is a credit lending company helping people get access to credit and improve their credit score. The fintech company gives users cash advances and lines of credit with no interest, late fees and a zero percent APR when people pay their balance each paycheck. Empower doesn’t require any credit score or security deposit to apply, making it accessible to those with low or no credit. It also helps people build credit over time. Empower grew its revenue by 6,363 percent between 2018 and 2021, according to Inc.
Rank #25
Vanta is a cybersecurity company focused on protecting businesses from cyber risks and assisting them with compliance. The platform is easy to set up and compatible with the tools most workers use day-to-day. Users simply use the dashboard to find and fix security gaps in their systems and then work with a trained auditor to complete an audit. Earlier this year, the company raised $110 million in Series B funding, launching its valuation to $1.6 billion. Vanta grew its revenue by 13,096 percent between 2018 and 2021, according to Inc.
