The 2021 Forbes Cloud 100 list reveal shows the combined market cap of honorees nearly doubled to over half a trillion dollars. The speaker announces the top 10 private cloud companies with their valuations and highlights notable movers and graduates from the list.
Questions this video answers
Nearly doubled since last year to just over half a trillion dollars.
19 ("19 and counting").
Stripe — valued at $95 billion.
Databricks — $28 billion valuation.
Canva.
Chapters
On behalf of Forbes, Bessemer Venture Partners and Salesforce Ventures, we are excited to reveal the sixth annual Cloud 100 Now Live. To create this list, we evaluated hundreds of the best and brightest private companies in cloud computing. Every year the competition gets tougher to make the list, meaning this year's group is the strongest strongest to date. These cloud standouts act as an industry standard and evidence of the private cloud market's continued strength even after a challenging year. The combined market cap of our 2021 Cloud 100 honorees nearly doubled since last year to just over half a trillion dollars. Now it's our pleasure to reveal our top 10 rankings and a few remarkable breakout leaders who made big moves on this year's list. Let's dive in. E Commerce's recent growth, up more than 13% from pre pandemic levels, helps boost Attentive and Klaviyo into the top 20 as brands look for new ways to market to buyers online. The top 20 also sees some new faces due to a record number of companies that graduated off the list since last year, 19 and counting, including names such as Snowflake, UiPath, Procore, WockMe, Auth, Zero segment and many more. The top 20's biggest movers are TalkDesk, which moved up 36 places to 17, and design tool Figma, which moves 22 spots and now sits at number seven. Check out our Cloud100 package on Forbes.com for much more on Figma and CEO Dylan Fields, the list's biggest movers. Overall revenue intelligence provider gong leaped up 43 positions to number 28. Amplitude in product intelligence and high spot in sales Enablement both jumped 52 slots to numbers 37 and 46 respectively, and LaunchDarkly jumped 53 slots, all the way up from last year's number 100. Check out our Cloud 100 package for more on that DevOps business, led by CEO Eith Harbaugh. Now let's talk more about the top 10 the cloud's private company leaders. Number 10 Freshworks Customer support software business Freshworks is valued at $10 billion, based in the Bay Area. 9 checkout.com Londonfoundedcheckout.com provides online payment solutions that improve a user's checkout experience. It's one of Europe's most valuable startups. 8 Service Titan the software platform for tradespeople cracks the top 10 after raising $200 million at an 8 billion dollar valuation two months ago. 7 Figma led by CEO Dylan Field, design software business. Figma recently launched a punny brainstorming product for Big Jam and reached a 10 billion dollar valuation. 6. Plaid it looked like fintech startup Plaid would be off these lists moving forward when it agreed to be acquired by visa in January 2020. But with that deal off the books, the open banking company is now flying high with a valuation north of $13 billion. 5. Toast Despite a trying year for restaurants, Boston based Toast held onto its number five slot as business has bounced back for its hospitality software. 4. HashiCorp Forbes 30 under 30 alumni Mitchell Hashimoto and Armin Dadgar maintained their number four slot from last year, but CEO Dave McJanet now calls the shots at the open source cloud infrastructure business. 3. Canva Led by Melanie Perkins, Canva moves up to number three on the list as its design software spreads across the globe from Australian roots. 2. Databricks Based in the Bay Area, Databricks software for AI tools has gone from UC Berkeley project to $28 billion valuation. Number one Stripe after falling all the way to number two last year, Stripe is back at the top of the Cloud 100 lists. That makes it five of six years at number one for the payments company founded by the Collison brothers, valued at $95 billion. These ranks get tougher to reach and remain in every year, so it's quite an achievement for any company on the Cloud 100 list to break through. Our Rising Stars list of up and comers who have raised less than $25 million in funding also gets more and more competitive. To see that full Cloud 100 list, this year's 20 Rising Star companies and much more coverage, be sure to join us@forbes.com Cloud100. Check out our Interactive Lander for more info on the complete list, breakdowns by categories, stories about new and notable list makers, and much more. And be sure to join me later in today's programming when I talk to Kelvin Beecham, NFL offensive tackle and cloud investor Savitra Wilson, founder and CEO of Resilia, and Danielle Cohen Showett, co founder and CEO of Gloss Genius. We discuss the challenges up and coming entrepreneurs are facing, how they're doing things differently, and their advice for other founders building cloud businesses today. Congratulations to all our list makers and enjoy the rest of your Cloud 100 event.
