NEW YORK, Oct. 2, 2018 /PRNewswire-iReach/ — Forbes released the 2018 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, produced in collaboration with Bessemer Venture Partners and Salesforce Ventures. The third annual list profiles top-tier private companies leading the cloud technology revolution. With advancements in software, cloud security, platform development and more, these companies are redefining the future of all industries and sectors. The companies on the Cloud 100 list have industry-beating metrics, including revenue growth, market share and valuation.
Online payments company Stripe seizes the top spot again on this year’s Cloud 100 list, followed by the cloud-based team-collaboration software company Slack at No. 2. Remote conferencing services company Zoom Video Communications, which was No. 18 on the 2017 list moves up to No. 3 this year. Security and systems management company Tanium (No. 4), and construction project management software company Procore (No. 5) round out the top five.
“Cloud 100, now in its third year, spotlights game-changing cloud companies,” said Alex Konrad, list editor at Forbes. “List makers have revolutionized businesses by helping them scale faster and efficiently, foster effective collaboration, promote mobility and flexibility, and much more.”Each of the more than 20 cloud IPOs over the past three years have been prior members of the Cloud 100, including companies like DropBox and DocuSign. Each of the major cloud acquisitions over the past three years were also Cloud 100 alumni; including Duo, who was acquired by Cisco in August 2018 for $2.35B and Adaptive, who was acquired by Workday in August 2018.
Feature in the Cloud 100 Package: Master Builder (p. 89) – Tooey Courtemanche has crafted one of tech’s biggest secrets in Procore, a multibillion-dollar app bringing the world’s construction projects onto the cloud. Procore, ranked No. 5 on Forbes’ Cloud 100 list, is the most popular piece of software in the $1 trillion U.S construction industry.
This year’s list is included in the September print issue of Forbes Magazine which features a wide-ranging interview cover story with Amazon Founder and CEO Jeff Bezos — Bezos Unbound — where Bezos reveals how he channels innovation within his company and chooses where to expand.
There are 27 new companies on this year’s list, including Robotic Process Automation company UiPath (No. 14), which was the highest-ranked debutant on this year’s list, open-source software company HashiCorp (32) and AI company for cyber security Darktrace (36).
The list consists of companies in categories such as Infrastructure & Developer Tools (15), Sales & Support (12), Security (12), Data & Analytics (11) and Collaboration & Work (9). No category on the Cloud 100 had more companies than Infrastructure & Developer Tools – the top-ranked company in the category, PagerDuty, lands at spot No. 16., moving up 25 spots in the ranking this year. Additionally, while Data & Analytics was the fourth category by company representation, investors have poured in the most dollars, with a combined $3.93 billion in funding.
The Bay Area dominated the Cloud 100 in 2018, with 51 companies, up from 48 in 2017. It was followed by New York City (11), Boston (7) and Utah (4). There are three companies represented on the list from each of the following locations: Central California Coast, Los Angeles, North Carolina and Seattle. Internationally, companies appeared on the Cloud 100 from Canada, England, Australia, Estonia, Israel, India, The Netherlands and Switzerland. Two companies on the list, InVision and Zapier, are true cloud believers, operating 100% remotely.
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Forbes data partner Bessemer Venture Partners received hundreds of submissions to identify the standouts in cloud categories that demonstrated strong financials and other exceptional qualitative factors, such as unprecedented customer adoption and satisfaction. A panel of 34 judges, made up of a majority of public cloud CEOs, selected and ranked the top 100 companies using a combination of quantitative and qualitative factors. The evaluation process involved four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%), which the judge panel then weighed to select, score and rank the winners.
The 2018 Cloud 100 list appears in the September 30, 2018 issue of Forbes magazine.
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Media Contact: Christina Vega, Forbes Media LLC, (212) 206-5155, email@example.com
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