The Next Cloud Unicorns?
Although Unicorns are rare, the number of Cloud Unicorns has more than doubled since January 2011 when there were only eleven. Among them, three were notable acquisitions: Taleo /Oracle, Successfactors / SAP and Ariba / SAP. But even with that remarkable growth, we at BVP know that this is only the beginning. The re-platforming of software to the cloud is a fundamental computing transformation that represents an enormous opportunity for both entrepreneurs and investors: With only 2% of IT spending today going to the cloud, we predict enormous growth. The number of Cloud Unicorns will multiply exponentially in years to come as cloud-based solutions become dominant.
So, as we turn our attention from the publically traded cloud companies tracked in the BVP Cloud Index, and look towards what the future holds for the 300 privately held cloud companies captured by the Bessemer Cloudscape, it’s worth noting that that we can already identify several of the “Next Cloud Unicorns” – the next generation of Cloud Unicorns commanding $1bn valuations in the private markets, or those that are reportedly quickly approaching this milestone and could likely achieve it in an M&A transaction. Drumroll, please, as we present the 16 private cloud companies that encompass the Next Cloud Unicorns!