4 Startups To Watch In Fremont: Companies Make Inc List

FREMONT, CA — Four Fremont startups are worth keeping an eye on as they respond to some of the nation’s most vexing problems, Inc. magazine said with the release of its 2023 Inc. 5000 list.

The startup companies were ranked by revenue growth from 2019 to 2022. To be considered, they had to have earned at least $100,000 in 2019 and grown that to at least $2 million by the end of 2022. To be considered, the companies must have been up and generating revenue by March 31, 2019.

Companies in Fremont included in the ranking are:

• Pathwater, a Food & Beverage company, grew by 548 percent during the three years and ranked 1,083 nationally. The company sells still, alkaline and sparkling water in refillable aluminim bottles instead of single-use plastic.
• PTEC Solutions, a company focused on the electronic manufacturing services industry delivering engineering and manufacturing solutions, grew by 172 percent during the three years and ranked 3,021 nationally. The company currently has dozens of jobs listed on its career page.
• Softjourn, a Software company, grew by 116 percent during the three years and ranked 3,972 nationally. The company's product teams are experienced in fintech, media and entertainment, with special emphasis on ticketing. Openings on the company's career page include remote work options.
• Droisys, an IT Services company, grew by 75 percent during the three years and ranked 4,948 nationally. Droisys is a full-service software developer, building complex digital transformation strategies and innovating full-scale solutions for clients.

The 2023 Inc. 5000 companies had combined revenues of $358.2 billion, added nearly 1.2 million jobs and grew at a median rate of 219 percent. The list featured 638 newly founded companies and 3,047 repeat honorees.