CLEVELAND--(BUSINESS WIRE)--Keyfactor, the identity-first security solution for modern enterprises, has been recognized on the 2024 Inc. 5000 list for the fifth consecutive year, a testament to the company's impressive growth through a dynamic economic period and the growing needed for businesses to establish digital trust.
“Being consistent, determined, and committed to our customers is in Keyfactor’s DNA, and our team brings these qualities to life every day. This has resulted in our exponential growth, and for five consecutive years, we've been recognized as the fastest growing company in our space,” said Jordan Rackie, Chief Executive Officer at Keyfactor. “While we’re thrilled with our results to date, our future excites us most. This year marks a pivotal moment in the market ahead of the National Institute of Standards and Technology (NIST)’s finalization of three post-quantum cryptographic (PQC) algorithms, making PQC readiness a growing priority for business leaders globally. Our growth continues to climb as more businesses look to Keyfactor to establish crypto-agility and foster a PKI environment that can easily discover inventory and properly manage machine and non-human identities to ensure a seamless PQC transition.”
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637%.
Over the past 12 months, Keyfactor’s exponential growth has been exemplified by significant milestones and corporate achievements, including:
- Surpassing $100 million in annual recurring revenue, demonstrating its clear position as the cybersecurity industry’s leading digital trust innovator.
- Announcing a significant minority investment from Sixth Street Growth at an enterprise value of approximately $1.3 billion, with the mission to fuel business innovation and continue on the trajectory of hypergrowth.
- Earning a spot on the highly esteemed Crunchbase Unicorn Board in October 2023 due to the Sixth Street Growth investment, a signifier to the market of Keyfactor’s global presence.
- Recognition as a “Best Place to Work” by Inc. Magazine for the fourth consecutive year as its leadership team continues to prioritize people-focused initiatives.
- Named as a fastest-growing provider of digital trust in North America on Deloitte’s Fast 500™ List for the fourth consecutive year, a testament to its 525% three-year revenue growth.
“Keyfactor’s continued hypergrowth is evidence of our technological innovation, commitment to customers, and industry leadership. I’d like to thank the Keyfactor team for their dedication; this recognition is their achievement,” said Rackie.
“One of the greatest joys of my job is going through the Inc. 5000 list,” said Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from healthcare and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies will appear in the new issue of Inc. magazine, which will be available on Tuesday, August 20.
About Keyfactor
Keyfactor brings digital trust to the hyper-connected world with identity-first security for every machine and human. By simplifying PKI, automating certificate lifecycle management, and securing every device, workload, and thing, Keyfactor helps organizations move fast to establish digital trust at scale — and then maintain it. In a zero-trust world, every machine needs an identity and every identity must be managed. For more, visit keyfactor.com or follow @keyfactor.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.
