NEW YORK (July 11, 2017) – Forbes today released the 2017 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, produced in collaboration with Bessemer Venture Partners and Salesforce Ventures. The second annual list profiles top-tier private companies leading the cloud technology revolution. With advancements in software, cloud security, platform development and more, these companies are redefining the future of all industries and sectors. The companies on the Cloud 100 list have industry-beating metrics, including revenue growth, market share and valuation.
Online payments company Stripe seizes the top spot on this year’s Cloud 100 list, followed by collaboration and file storage/sharing company Dropbox at No. 2. The cloud-based team-collaboration software company Slack, which was No. 1 on the 2016 list, drops to No. 3 this year. E-signature and digital transactions company DocuSign (No. 4), and Dutch online-payments company Adyen (No. 5) round out the top five.
“The Cloud 100 reflects the hottest companies in tech’s hottest sector, the cloud,” says Alex Konrad, list editor at Forbes. “Members of the second annual Cloud 100 list today will be tomorrow’s major IPOs and acquisitions, driving forward not just the tech sector but also the many industries that make up their customers.”
There are 25 new companies on this year’s list, including C3 Iot (No. 19), Uptake (22) and CrowdStrike (30). The video-conference company Zoom moved up 66 spots in the ranking this year, landing at No. 18. This massive increase is in large part due to Zoom’s 200% revenue growth in 2016 and a $100 million funding round that valued the company at more than $1 billion.
The list consists of companies in categories such as data/analytics (15), security (11), IT operations (11), collaboration (8), finance (8), customer service (8), marketing (8), communications (7), health care (6) and human resources (5).
Almost half of the companies on the list, 48, are based in Silicon Valley, followed by the greater New York City area, home to 13 companies on the list, in a not-so-close second. Next is the Boston area (7); Utah (6); and the Los Angeles area (3). There are 2 companies represented on the list from each of the following locations: Atlanta, Chicago, Denver, the Santa Barbara area, Seattle area and Amsterdam. Other cities include: Ann Arbor MI, Baar (Switzerland), Basingstoke (UK), Charlotte NC, Matawan NJ, Minneapolis MN, Mississauga (Ontario) and Sydney (Australia).
Top 10 Companies on the 2017 Cloud 100:
| Rank | Name | Headquarters City |
| 1 | Stripe | San Francisco, CA |
| 2 | Dropbox | San Francisco, CA |
| 3 | Slack | San Francisco, CA |
| 4 | DocuSign | San Francisco, CA |
| 5 | Adyen | Amsterdam, The Netherlands |
| 6 | Qualtrics | Provo, UT |
| 7 | Medallia | San Mateo, CA |
| 8 | Tanium | Emeryville, CA |
| 9 | Mailchimp | Atlanta, GA |
| 10 | Squarespace | New York, NY |
For the complete list and more, please visit www.forbes.com/cloud100.
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 25 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. The evaluation process involved four factors: estimated valuation (30%), operating metrics (20%), people and culture (15%), and market leadership (35%), which the judge panel then weighed to select, score and rank the winners.
Features in the Cloud 100 Package:
- Cloud’s New Capital (p. 74) – Led by three unicorns eyeing an IPO, Utah is becoming as well-known for its cloud services as for its mountains.
- Siebel’s Second Act (p. 90) – A decade after Tom Siebel sold his first company to Oracle for $5.8 billion, his new company could be twice as valuable.
For the complete list, related features and more, visit: www.forbes.com/cloud100.
The 2017 Cloud 100 list will appear in the July 27, 2017 issue of Forbes magazine.
Media Contact: Christina Vega - cvega@forbes.com, 212.206.5155
To join the conversation on social: @Cloud100 on Twitter and use the hashtag #Cloud100
