The uptick in cloud usage has been continuously on the rise, prompting Forbes to create a list of the top 100 cloud organizations that offer everything from infrastructure to security and more. This is the second annual list that Forbes produced, with the help of Bessemer Venture Partners and Salesforce Ventures.
According to the publication, the list looks at operating metrics such as revenue and funding to choose the candidates.
“The companies of the Cloud 100 have worked with the world’s largest corporations and solved small business headaches alike, fixed people’s grammar online and traced government sponsored hacking attacks,” Forbes reported.
Those who ranked in the top 20 raised about $449 million on average, according to the publication. Stripe, an online payments company, leads the pack. Dropbox, a collaboration and storage firm; Slack, a messaging platform; DocuSign, a business for digital transactions; and Adyen, an online payments organization, also made it into the top five.
Canva, a digital design firm; Campaign Monitor, an email marketing company; Mesosphere, a data center software provider; Confluent, a data streaming business; and Code42, a cybersecurity company comprised the bottom five.
There were several organizations that made the cut last year that did not return, including AppDynamics, MuleSoft, Okta, Cloudera, BlackLine and Coupa. Alteryx, ServiceMax, Apptio and Veracode were the remaining vendors that didn’t make the list a second year in a row. But 25 organizations were new kids on the block this year, including app software maker C3 IoT and Chicago startup Uptake.
According to BlackLine, they didn’t make the list because they had an IPO in October and this list is for private companies.
“Data and analytics companies make up the most list companies of any category with 15%, led by Utah experience management leader Qualtrics (6),” the publication reported. “Despite a population less than half of the Bay Area and New York, Utah’s emerging cloud scene accounts for six companies on this year’s list, and three in the top 20 as a model ecosystem for outsized tech success forms around the pre-IPO leaders with CEO friends, Qualtrics, Domo (15) and Pluralsight (20).”