On behalf of Bessemer Venture Partners, Forbes, and Salesforce Ventures, we are excited to reveal the fifth annual Cloud 100 for 2020, now live!
The 2020 Cloud 100 Honorees not only represent the definitive ranking of the top 100 private cloud companies in the world, but these businesses also serve as an industry benchmark and testament to the strength of the private cloud market.
Our 2020 Cloud 100 Honorees represent a list-record $267 billion dollars in private market cap with 87 companies valued at one billion dollars or more. This year we saw substantial movement on the list and notable superlatives that showcase how many of these breakout leaders have catapulted to new heights.
The push to online shopping in 2020 amid the COVID-19 pandemic has boosted digital storefronts. And that’s reflected on our list, as newcomer Checkout.com debuts high on the list at number #15.
In fact, we had 27 new companies join the Cloud 100 this year, including Checkout.com (#15), Figma (#29), DataRobot (#36), FiveTran (#43), Notion (#44), Symphony Communications (#47), Podium (#50), Miro (#57), Lucid (#58), and Postman (#59). In addition, companies such as Cockroach Labs (#60), AirWallex (#61), Gong.io (#71), Armis (#73), Grammarly (#76), Branch (#78), Culture Amp (#80), High Radius (#82), Snyk (#86), BigID (#93), FrontApp (#94), Benchling (#95), CS Disco (#96), Webflow (#97), Highspot (#98), BitSight (#99), and LaunchDarkly (#100) joined previous honorees.
In addition to new names, we also saw a lot of movement. Datadog, which went public in September 2019 — just after last year’s launch — graduated off the list. Design software company InVision fell out, down to #35. Moving up were Databricks, Canva, and Toast, which all cracked the top 10. And identity company Auth0 moved up 20 spots from last year and now sits at #19.
The biggest movers in the top 20 were Asana, Freshworks, and JFrog, all of which jumped 24 spots. September marks one of the busiest cloud IPO seasons we’ve seen in years. A number of this year’s list-makers will be rapid graduates since many have filed their S-1’s and are setting their sights on going public by the end of the third and fourth quarters of 2020.
Some of the list’s other biggest movers: Guild Education jumped 40 spots and Pendo climbed 41. Ed-tech company Guild Education slots at #46, and product analytics business Pendo at #54.
Now, let’s reveal more about the Top 10 — the cloud’s breakout startup companies.
Toast — Boston-based Toast is valued at nearly $5 billion providing software for restaurants.
Rubrik — in data management, Silicon Valley-based Rubrik stays in the top 10 as its valuation has passed $3 billion.
Procore — The subject of Forbes 2018 Cloud 100 profile, Santa Barbara-area Procore continues to stay near the top of the list for its construction management software.
Canva — Melanie Perkins and Canva slot in at #7. She’s built a global design software movement from Sydney Australia, overcoming long odds, and is also this year’s Pledge 1% Award Recipient.
Confluent — Now valued at $4.5 billion, this company’s data streaming software helps power many of the Internet’s most popular sites.
Databricks — Based in San Francisco, Databricks is another data unicorn with an eye-popping valuation and growth to match, valued at more than $6 billion.
HashiCorp — The open-source platform led by CEO Dave McJannet, and founded by Mitchell Hashimoto and Armon Dadgar, is now valued above $5 billion.
UiPath — founded in Bucharest and now based in New York, the 2019 Forbes cover has turned RPA into a $10 billion-plus valuation.
Stripe— the long-running number one gives up the top spot this year, despite continuing to be a leader in the payments space.
Snowflake—and we have a new #1 after 3 years: infrastructure company Snowflake. The company may not be in the spot for too long — it filed a confidential S-1 and celebrated its initial public offering the very same day we announced the Cloud 100 Honorees!
Each year, it gets even tougher to crack these Cloud 100 ranks, so this is quite an achievement for not just these top companies, but the full 100 companies, as well as this year’s 20 Rising Stars.