With Three-Year Revenue Growth of 226 Percent
and a Revenue Run Rate of $500 Million, SymphonyAI Ranks Among
America’s Fastest-Growing Private Companies and 44th among Silicon
Valley Private Companies
Inc. revealed today that SymphonyAI, a leader in predictive and
generative AI SaaS products for the enterprise, ranks on the 2024
Inc. 5000, its 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—its independent, entrepreneurial businesses. Microsoft,
Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and
many other household-name brands gained their first national
exposure as honorees on the Inc. 5000.
“In the highly competitive and rapidly evolving world of AI,
SymphonyAI has distinguished itself by providing high-value
enterprise AI products combining predictive and generative AI to
more than 2000 companies in vertical markets worldwide,” said
SymphonyAI CEO Sanjay Dhawan. “I am extremely proud of the team at
SymphonyAI, who embody our values of customer focus, innovation at
speed, targeted focus, and team unity to deliver measurable value
to our customers every day, which forms the cornerstone of our
aggressive growth trajectory.”
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. In all, this year’s Inc. 5000 companies have added
874,458 jobs to the economy over the past three years.
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 www.inc.com/inc5000.
All 5000 companies are featured on Inc.com starting Tuesday, August
13, and the top 500 appear in the new issue of Inc. magazine,
available on newsstands beginning Tuesday, August 20.
“One of the greatest joys of my job is going through the Inc.
5000 list,” says Mike Hofman, who recently joined Inc. as
editor-in-chief. “To see all of the intriguing and surprising ways
that companies are transforming sectors, from health care and AI to
apparel and pet food, is fascinating for me as a journalist and
storyteller. Congratulations to this year’s honorees, as well, for
growing their businesses fast despite the economic disruption we
all faced over the past three years, from supply chain woes to
inflation to changes in the workforce.”
The Inc. 5000 ranking follows a period for SymphonyAI marked by
significant product releases, partnerships, and industry
recognition, including Microsoft’s selection of SymphonyAI as the
2024 Partner of the Year for Business Transformation: AI
Innovation.
“SymphonyAI products help innovative enterprises successfully
navigate dynamic market forces and overcome some of their toughest
problems: detecting and preventing financial crime, forecasting
retail shopper demand, and proactively maintaining high-value
industrial assets, to name just a few,” Dhawan said. “With
customers adopting our more than 35 AI-based products rapidly, we
are well-positioned to continue our aggressive, sustainable and
profitable growth. There’s never been a more exciting time to be
part of the SymphonyAI team.”
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to
percentage revenue growth from 2020 to 2023. To qualify, companies
must have been founded and generating revenue by March 31, 2020.
They must be U.S.-based, privately held, for-profit, and
independent—not subsidiaries or divisions of other companies—as of
December 31, 2023. (Since then, some on the list may have gone
public or been acquired.) The minimum revenue required for 2020 is
$100,000; the minimum for 2023 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 achieves a monthly brand
footprint of more than 40 million across a variety of channels,
including events, print, digital, video, podcasts, newsletters, and
social media. Its proprietary Inc. 5000 list, produced every year
since its launch as the Inc. 100 in 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
www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in Palm Desert, California, please
visit http://conference.inc.com/.
About SymphonyAI
SymphonyAI is a leading enterprise AI SaaS company for digital
transformation across the most critical and resilient growth
verticals, including retail, consumer packaged goods, financial
services, manufacturing, media, and IT/enterprise service
management. SymphonyAI verticals have many leading enterprises as
clients. Since its founding in 2017, SymphonyAI has grown rapidly
to 3,000 talented leaders, data scientists, and other
professionals. A 2024 Microsoft Partner of the Year for Business
Transformation – AI Innovation, SymphonyAI is a SAIGroup company,
backed by a $1 billion commitment from successful entrepreneur and
philanthropist Dr. Romesh Wadhwani. Learn more at
www.symphonyai.com.
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Treble Sarah Armstrong symphonyai@treblepr.com