2 Newark Companies On List Of Startups To Watch

NEWARK, CA — Two startups in Newark 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. And people who have been impacted by layoffs or workers who are looking for a new opportunity, the companies could be the perfect lace to seek a new challenge.

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 Newark included in the ranking are:

• Object Oriented Partners, an Education company, which grew by 761 percent during the three years and ranked 774 nationally.
• CloudPaths, a Business Products & Services company, grew by 619 percent during the three years and is ranked 959 nationally. The company currently has 13 job listings on its career page. All of the jobs are remote work.

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.