honors the fastest-growing and strongest private cloud companies in the world, from recent rocket ships to decades-old stalwarts.
A quantitative and qualitative list, the Cloud 100 factors in financial metrics, reputation and culture to determine the industry’s leading players. Nominated companies submit data to be evaluated confidentially on valuation, revenue and growth rate to generate a financial score. That score is factored in alongside a people and culture score derived from several third-party sources, and a market leadership score determined by several dozen public company CEO peers.
Unseating last year’s No. 1 Stripe, the payments business valued at $95 billion, won’t prove easy. But as 17 companies from the 2020 list went public before the 2021 edition, several members of last year’s list have already graduated out of eligibility from the list, including No. 4 HashiCorp and No. 5 Toast. The 2022 list will look to build upon the 34 newcomers who cracked the Cloud 100 ranks the previous year.
With a combined market value of more than $500 billion in 2021, the Cloud 100 list’s bar does get higher each year, with typical list members making meaningful revenue and carrying valuations approaching or surpassing $1 billion. But raising money from venture capital is not a requirement to appear on the Cloud 100 list. Candidates must be private and not majority owned by another company., a list of cloud computing’s up-and-comers. List stalwart Canva started as a Rising Star.
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