NEW YORK, August 15, 2023 – Inc. revealed today that Fairmarkit ranks No. 604 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. Fairmarkit, the autonomous sourcing platform, transforms procurement and achieves growth by providing automation, AI, and most recently Generative AI solutions, that help our customers meet procurement targets at scale. This is the second year that Fairmarkit makes the list holding the 88th spot in Software, and 22nd place in Boston, where the company is headquartered.
“Appearing on the Inc. 5000 list for the second time is a major milestone in Fairmarkit’s growth. What we have achieved over the previous three years is a testament to the innovative customers and partners that are committed to revolutionizing the way organizations buy and sell alongside the Fairmarkit team,” said Kevin Frechette, Fairmarkit CEO.
The Inc. 5000 class of 2023 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 1,187,266 jobs to the economy over the past three years.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
Fairmarkit is the autonomous sourcing platform that empowers organizations to more efficiently purchase the goods and services they need. By equipping procurement and supply-chain teams with automation and data, Fairmarkit promotes competitive bidding while reducing manual work within existing processes. Leveraged across a number of industries by innovative procurement departments, such as Boeing, BP, Snowflake, Cabot Corporation, and Refinitiv, Fairmarkit aims to revolutionize the way organizations make purchases. Learn more at http://www.fairmarkit.com
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