Inc. magazine today revealed that Innovaccer Inc. is No. 64 on its second annual Inc. 5000 Regionals: California list, the most prestigious ranking of the fastest-growing California-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the California economy's most dynamic segment—its independent small businesses.
"Healthcare is at the brink of a massive transformation and data-driven innovation has become crucial to driving a real impact on healthcare outcomes. And with the Innovaccer Health Cloud, we get a step closer to our mission of building the future of health," says Abhinav Shashank, CEO at Innovaccer. "We are thankful to our customers for their partnership that has helped us get recognized as one of California's fastest-growing private companies by Inc."
The companies on this list show stunning rates of growth across all industries in California. Between 2017 and 2019, these 250 private companies had an average growth rate of 535 percent, and in 2019 alone, they employed more than 40,000 people and added nearly $7 billion to the California economy. Companies based in major metro areas—Los Angeles, the Bay Area, and San Diego—brought in the highest revenue overall.
Complete results of the Inc. 5000 Regionals: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000/regionals/california starting March 16, 2021.
"This list proves the power of companies in California no matter the industry," says Inc. editor-in-chief Scott Omelianuk. "The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay."