CyPhy Named to Inc. Magazine’s 37th Annual List of
America’s Fastest-Growing Private Companies—the Inc. 5000
DANVERS, Mass., August 15, 2018 – Inc. magazine today revealed that CyPhy Works, the pioneer of tethered drone technology, has been named to the 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names have all gained national exposure as honorees on the Inc. 5000.
“We are honored to be included in the Inc. 5000 list for the first time,” said Lance Vanden Brook, CEO of CyPhy Works. “Ten years ago, CyPhy became the first company to bring the tethered drone to market, and since then we have continued to innovate and move the industry forward. This recognition by Inc. demonstrates our unrelenting drive to deliver an aerial solution that can be used across multiple industries.”
Founded in 2008, CyPhy Works is the leading pioneer of tethered drone technology for the defense, public safety and commercial sectors. CyPhy’s flagship product, the Persistent Aerial Reconnaissance and Communications platform, or PARC™, combines a patented tethered design with unique capabilities that enable customers to add features like surveillance, communications, cellular management and more. As the first drone maker in the tethered space, CyPhy has more than 10 years of experience building the drone industry from the ground up.
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole also shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
The annual Inc. 5000 event honoring the companies on the list will be held October 17 to 19, 2018, at the JW Marriott San Antonio Hill Country Resort, in San Antonio, Texas.
CyPhy Works Media Contact
BIGfish Communications for CyPhy
About CyPhy Works
Founded in 2008, CyPhy Works is the leading pioneer of tethered drone technology. The first company to ever bring the tethered drone to market, CyPhy offers aerial solutions for defense, public safety, oil & gas, and other commercial sectors. CyPhy’s flagship product, the Persistent Aerial Reconnaissance and Communications platform, or PARC™, defined and set the standard for the drone industry. PARC combines patented tethered drone design with unique capabilities that enable users to add nearly any feature they require, including surveillance, communications and cellular management. The tether also provides power to PARC, allowing for days, not minutes, of continuous flight. CyPhy’s drones seamlessly integrate into existing operations – they’ve been used for security at multiple Boston Marathons, for example – and provide the aerial support needed to ensure success. For more information, please visit www.cyphyworks.com.
More about Inc. and the Inc. 5000
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
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