Forbes Names Top 100 Cloud Companies

Cloud100-logoNEW YORK – Forbes magazine has released the 2016 Cloud 100, a list of the top 100 private cloud companies in the world, produced in collaboration with venture capital firms Bessemer Venture Partners and Salesforce Ventures. The list profiles top-tier, private companies leading the cloud technology revolution. With advancements in software, cloud security or platform development, these companies are redefining the future of virtually all industries and sectors.

Eight of the top 10 companies in the list are in San Francisco or Silicon Valley. Slack, the San Francisco cloud-based team-collaboration software company takes the top spot on the list, followed by file-sharing company Dropbox in at No. 2; e-signature company DocuSign (No. 3), payments company Stripe (No. 4) and data management company Cloudera (No. 5) round out the top 5.

“Cloud companies are revolutionizing how businesses reach their customers today, from digitizing painful old processes to allowing them more time to focus on what they really care about—what makes their products unique,” said Forbes editor of the Cloud 100 list, Alex Konrad. “With Bessemer Venture Partners and Salesforce Ventures’ deep knowledge of the industry and Forbes’ eye for standout businesses, inclusion in the Forbes 2016 Cloud 100 list recognizes a company for its financial growth and excellence as recognized by customers and peers.”

The list consists of companies in categories such as security (14 out of 100), collaboration (11), finance (10) analytics (9), IT (9) and marketing (9). More than half of the companies on the list, 55, are based in Silicon Valley, followed by the Greater New York City area home to 12 companies on the list, in a not-so-close second. Next is the Boston area (7); Southern California (6); Utah (5); Seattle area (3); with one each for Ann Arbor, MI; Atlanta, GA; Austin, TX; Boulder, CO; Charlotte, NC; Chicago, IL; Vancouver, BC; Minneapolis, MN; and Mississauga, Ontario; as well as internationally headquartered (with US presence) companies based in Chennai, India (1), Switzerland (1) and Basingstoke in the UK (1).

Cloud has never been more important globally, particularly in Europe, where public cloud software is outgrowing other IT segments by nearly 12 times.[1]

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 27 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.

Top 10 Companies on the Cloud 100:

Rank Name Headquarters City
1 Slack San Francisco, CA
2 Dropbox San Francisco, CA
3 DocuSign San Francisco, CA
4 Stripe San Francisco, CA
5 Cloudera Palo Alto, CA
6 SurveyMonkey Palo Alto, CA
7 Mailchimp Atlanta, GA
8 Squarespace New York City, NY
9 AppDynamics San Francisco, CA
10 Adyen San Francisco, CA and Amsterdam, Holland