BOULDER, CO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- On August 17th, Inc. Magazine revealed that Ivy.ai is No. 168 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Ivy.ai quickly emerged as an industry leader for artificially intelligent chatbots, supporting higher education, healthcare, and even local governments. Founded in 2016, Ivy.ai has enabled its customers to deliver unique, personalized, and on-demand support to millions of students, patients, and residents around the globe. In addition to ranking in the top 4% nationwide, Ivy.ai secured the 17th highest rank among software companies.
“We’re excited to receive this recognition,” said Ivy.ai CEO and co-founder, Mark McNasby. “As consumers continue to demand more immediate and gratifying service experiences, it’s humbling and validating that our commitment to improved service delivery is acknowledged on this scale.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. Ivy.ai is featured alongside the top 500 companies in the September issue of Inc., which hit newsstands on August 20.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
About Ivy.ai
Ivy.ai is more than a chatbot; it's an AI-powered platform that scales communications. The leading provider of conversational, artificially intelligent chatbots for higher education, healthcare, and government, Ivy.ai's rich feature set expands access to information, reduces staff workload, and increases operational efficiency by providing 24/7, omni-channel support. Ivy.ai deploys state of the art chatbots that leverage natural language processing (NLP) to go far beyond basic support, delivering a personalized, conversational experience for each user. Ivy.ai also enhances human intervention with AI-powered tools such as Live Chat, SMS Text, Analytics, and more.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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 three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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