4 Foster City Companies Make List Of Startups To Watch

FOSTER CITY, CA — Several startups with Peninsula roots 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.

In the Bay Area, six startups in Pleasanton, Oakland, San Francisco and San Ramon made the top 100 nationally. Pleasanton's Tryfacta placed 18th overall, recording an eye-popping 16,762 percent growth over three years.

These Foster City companies were included in the ranking:

• SocialBook, an advertising & marketing company, grew by 1,637 percent during the three years and ranked 353rd nationally.
• Tipalti, a financial services company, grew by 337 percent during the three years and ranked 1,664th nationally.
• AltexSoft, a software company, grew by 97 percent during the three years and ranked 4,404th nationally.
• Exabeam, a security company, grew by 77 percent during the three years and ranked 4,923rd nationally.

The 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.