Companies on the 2021 Inc. 5000 Regionals: California list had an average growth rate of 535 percent.
Inc. magazine revealed that Kong Inc. is No. 29 on its second annual Inc. 5000 Regionals: California list, up from No. 41 last year. The list is 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.
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“Companies are rushing to deliver cloud native applications that can run on any platform and are infinitely scalable. Kong software is becoming the de facto cloud connectivity solution that makes digital solutions secure, reliable and high performance, as demonstrated by our fast growth,” said Augusto Marietti, CEO and co-founder of Kong Inc. “We are honored to be recognized by Inc. again this year, and remain committed to delivering the best open source-based solutions that give companies unparalleled power over their data and speed up innovation cycles.”
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.
“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.”
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