phData Claims Top Spot on Inc. List of the Midwest's Most Successful Startups

Minneapolis-based artificial intelligence and IT management company phData was ranked No. 1 on a list created by Inc. Magazine highlighting the 250 most successful companies in the Midwest.

Inc. determined rankings on the list by measuring revenue growth between 2016 and 2018. phData reported 5,638% revenue growth during that time. Chicago, Ill.-based Inspire11 and Detroit, Mich.-based Great Logistics rounded out the top three with 5,581% and 4,819% revenue growth, respectively.

phData builds machine learning and analytics platforms for companies that aren't equipped to do so themselves, Inc. reports. It had $18 million in 2019 revenue and has more than 60 clients ranging from health insurance companies to law enforcement agencies to medical device makers.

Founded in 2014, phData has around 150 employees and is a three-time winner of a Biz Journal Best Places to Work award. It last raised a round of funding in early 2018, snagging $2.5 million.

phData was not the only Minnesota company on Inc.'s list. A total of 10 local companies were recognized. Kelly Consulting Group was the second-highest Minnesota company on the list at No. 15. RBP Productions and Total Expert were right behind, claiming spots 16 and 17.

Here is a complete list of the Minnesota companies on Inc.'s list: