With 220% revenue growth between 2022 and 2024, Portland-based HighByte is ranked No. 23 on Inc. magazine’s latest list of the fastest-growing companies in the Northeast.
“The industrial software startup is one of only two Maine companies on Inc.’s latest list of the region’s 151 fastest-growing private companies; the other is “The Millionaire Mother,” a Windham-based global podcast and newsletter that ranked second from last on the list.
HighByte is a repeat star in Inc.’s league tables, making both the national and regional lists in 2025.
Founded by a three-person team in 2018, HighByte has grown to 43 employees, two-thirds of whom are based in Maine.
Torey Penrod-Cambra, co-founder and chief marketing officer, credits the growth to a mix of internal strength and industry trends.
“Internally, we started the company with a core team that had previously worked together to grow a successful technology company,” she told Mainebiz. It can be hard to measure the impact of operational excellence, employee retention, strong company culture and mission consistency, but they have been essential to growth.”
She also touted HighByte’s advancements in product capabilities, market-leading R&D and technology partnerships with companies such as Amazon Web Services and Snowflake Inc., a cloud-based data platform based in Menlo Park, Calif.
“Externally, there are industry tailwinds driving Industrial DataOps adoption,” she said. “These include cloud migration, edge compute, on-shoring and supply chain volatility.”
“In other words, it’s not one factor driving growth. It is many,” said Penrod-Cambra, who was recognized by Mainebiz as an Outstanding Woman in Business in 2025.
Sustaining growth momentum
Asked how HighByte will sustain the growth momentum, Penrod-Cambra said the focus will remain on research and development, global partnerships and learning from its learnings.
The company will also “continue to invest in the professional development of our employees, recruit as necessary, and “explore how we can best augment the team with systems and tools that support more efficient operations,” she said.
