Wovenware, a U.S. nearshore provider of Artificial Intelligence (AI)-based services and solutions, today announced that for the fourth time it has been named to the Inc. 5000, the annual list of America’s fastest-growing private companies, published by Inc. Magazine.
“We’re quite honored to once again be included among the Inc. 5000 and be recognized for our success bringing AI solutions to an ever-growing base of clients,” said Christian Gonzalez, CEO and co-founder, Wovenware. “We’re committed to continuing to build on this achievement and push the envelope in the development and delivery of innovative deep learning, machine learning, predictive analytics and chatbot applications that are improving the way people work and live.”
Receiving a ranking of 2141 among 5000 private companies, Wovenware was judged based on Inc. Magazine’s criteria for percentage revenue growth when comparing 2014 to 2017. During that timeframe, the company grew by 207 percent. Wovenware’s growth during this time period is attributed in part to the continued development and maintenance of digital transformation projects for core long-standing clients, as well as the addition of new customers in industries such as healthcare, government and financial services, leveraging Wovenware’s expertise in AI-based technologies.
“For companies on the Inc. 5000, it’s unparalleled recognition of years of hard work and sacrifice,” said 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.”
Wovenware has also significantly grown its business because of its nearshore delivery model. Nearshoring to Puerto Rico is attractive to U.S. businesses looking to outsource software engineering and artificial intelligence project because of its proximity, similar time zones, adherence to the same currency and regulations, and costs far below those of nearshore providers in mainland U.S. states.