Forbes has released its 2018 Cloud 100, their ranking of the top 100 private cloud companies in the world – produced in collaboration with Bessemer Venture Partners and Salesforce Ventures. Forbes’ Cloud 100, now in its third year, spotlights game-changing cloud companies.
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 $2.35 billion and Adaptive Insights, a company that was acquired by Workday in August 2018.
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.
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).
Cloud provider DigitalOcean also landed on Forbes’ 2018 Cloud 100 list, again. This marks their third appearance on the list of top 100 private cloud companies in the world. Since its inception six years ago, DigitalOcean has grown to over 450 employees with a $200 million run rate and a community that is more than 3.5 million developers strong.
“At DigitalOcean our focus has always been on providing the best possible cloud experience for developers and their teams through the power of simplicity,” said Mark Templeton, CEO of DigitalOcean.
“Over the past year we’ve continued to deliver on this promise with new networking and storage features that enable global scale and always-on availability. We’re excited about our upcoming Kubernetes service and updated One-click solutions to make it even easier to create modern applications.
We’re honored to be recognized by Forbes for a third year and see it as a testament to all of our hard work and love for the developer community.”
Cloud 100 List Methodology
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.
For the complete list and more, please visit: www.forbes.com/cloud100.
This year’s Cloud 100 List list is included in Forbes Magazine’s September print issue featuring 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.