Press Release

NEW YORK, August 15, 2023 – Inc. revealed today that Lab Pro Inc, located in Sunnyvale, CA, has achieved an impressive rank of No. 4005 on the 2023 Inc. 5000 list, an annual compilation of the fastest-growing private companies in America. This recognition underscores Lab Pro Inc's remarkable growth within the economy's vibrant entrepreneurial sector. Notably, Lab Pro Inc has secured the following additional distinctions: it holds the notable position of #548 in California, highlighting its statewide impact; it has achieved an impressive #52 rank in the Health Products category, a testament to its contributions in the health sector; and on a regional level, Lab Pro Inc has excelled, securing an exceptional rank of #39 in the San Jose-Sunnyvale-Santa Clara, CA area. This esteemed ranking offers a data-driven insight into the achievements of the most successful companies in the economy's most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and numerous other widely recognized brands all earned their initial national recognition by being honored on the Inc. 5000, a distinction that now includes Lab Pro Inc.

"We are grateful for this recognition as one of the fastest-growing company on the Inc. 5000 list. This achievement stands as a testament to the unwavering dedication and collaborative spirit of our exceptional team members, the trust and support of our valued customers, and the strong partnerships we share with our manufacturer partners. Together, we continue to drive Lab Pro Inc. toward greater heights of lab innovation, excellence, and success."
— Ari Pailakian, CEO of Lab Pro Inc.

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. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

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 are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.

“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.”

"We are grateful for this recognition as the 4005th fastest-growing company on the Inc. 5000 list. Our remarkable journey includes being ranked #548 in California, #52 in Health Products, and an impressive #39 in the San Jose-Sunnyvale-Santa Clara, CA region. This achievement stands as a testament to the unwavering dedication and collaborative spirit of our exceptional team members, the trust and support of our valued customers, and the strong partnerships we share with our manufacturer partners. Together, we continue to drive Lab Pro Inc. toward greater heights of lab innovation, excellence, and success."
— Ari Pailakian, CEO of Lab Pro Inc.

About Lab Pro Inc.

At Lab Pro Inc., our unwavering dedication to providing comprehensive laboratory solutions has been at the heart of our mission for over four decades. Since our establishment in 1979, we have been a steadfast partner to laboratories worldwide, offering a diverse range of high-quality lab supplies, equipment, and services. Our commitment to excellence has allowed us to stand out as a trusted industry leader, consistently meeting the evolving needs of our valued customers.