he Cloud 100 companies of 2022 are much bigger by valuation, employee count and funding metrics than last year’s list-makers—but there are fewer newcomers, fewer big new valuations and fewer IPOs.
Having bigger companies and fewer newcomers—20, down from 29—on this year’s list is a “self-fulfilling prophecy,” says Sid Nag, vice president analyst at Gartner. Right now,, especially late-stage startups, to amass the large amounts of funding that would help them grow quickly.
Still, list medians for valuation, funding and employee count reflect the same upward trends as their corresponding means: In 2022, the median Cloud 100 company had a valuation of $5 billion, $535 million in funding and 1,000 employees. The median 2021 company had a valuation of $3 billion, $358 million in funding and 718 employees.
In recent months, though, with VCs taking a more risk-averse approach and slowing the pace of funding, some companies are undergoing valuation corrections. Notably, No. 1 Stripe