5 Fremont Startups Among Fastest-Growing In America: New Ranking

FREMONT, CA — Several startups with roots in Fremont are ranked among the fastest-growing private companies in America in the 2024 Inc. 5000 list released Tuesday.

The companies on the list have experienced rapid revenue growth in recent years while navigating inflationary pressures, rising interest costs and hiring challenges from 2020 through 2023. The top 500 companies on the list had an average median three-year revenue growth rate of 1,637 percent. Together, the 5,000 companies on the list have added 874,458 jobs over the past three years.

To qualify for the ranking, companies must be U.S.-based and must have been generating revenue by March 31, 2020. Although some of the startups may have gone public or been acquired since the review period ended, the list represents companies that were private, for-profit and independent as of Dec. 31, 2023, Inc. said.

The companies must also have had minimum revenues of $100,000 for 2020 and $2 Million for 2023. See the full methodology.

Companies in Fremont included in the top 500 are:

• PTEC Solutions, a manufacturing company grew by 98 percent during the three years and ranked 4,345 nationally.
• Pathwater, a food & beverage company, grew by 374 percent during the three years and ranked 1,371 nationally.
• CTEMS, a manufacturing company grew by 82 percent during the three years and ranked 4,759 nationally.
• Triune Infomatics, a human resources company grew by 79 percent during the three years and ranked 4,823 nationally.
• New Tech Solutions, a manufacturing company grew by 76 percent during the three years and ranked 4,919 nationally.

The complete list, found at this link, includes company profiles and an interactive database sortable by industry, location and other criteria.