Leading AI-Driven Enterprise Orchestration
Platform Ranks Among the World's Top Private Cloud Companies
Workato®, the leading AI-driven enterprise orchestration
platform, has been named to the Forbes 2024 Cloud 100, the
definitive ranking of the top 100 private cloud companies in the
world, published by Forbes in partnership with Bessemer Venture
Partners and Salesforce Ventures.
"Being named to the Forbes 2024 Cloud 100 list is a testament to
the transformative work our team has done over the last year,
enabling enterprises to unlock immense potential and innovation,”
said Vijay Tella, co-founder and CEO of Workato. “The last year has
been a catalyst for significant change, and the importance of
driving growth efficiently and business outcomes with enterprise
orchestration has never been greater. We are honored to be
recognized along with our peers, especially many of our customers
and partners with whom we share the distinction. They inspire us to
work harder and innovate faster to make Workato the leading
platform for AI-driven Enterprise Orchestration at scale across the
enterprise."
For the ninth consecutive year, the Cloud 100 reviews
submissions from hundreds of cloud startups and private companies
each year. The Cloud 100 evaluation process involved ranking
companies across four factors: market leadership (35%), estimated
valuation (30%), operating metrics (20%), and people & culture
(15%). For market leadership, the Cloud 100 enlists the help of a
judging panel of public cloud company CEOs who assist in evaluating
and ranking their private company peers.
“For nine years, the Forbes Cloud 100 list has recognized the
leading private cloud companies in the world, from AI to work
software, infrastructure to security,” said Alex Konrad, the Forbes
editor of the Cloud 100. “This year’s list is the strongest group
of standouts yet, with revenue, valuations, and growth that will
eventually make for historic IPOs.”
“Across nine years of data, we have yet to see as competitive of
a cohort as the 2024 Cloud 100. The list value reached $820 billion
this year, the highest list value in Cloud 100 history,” said Mary
D’Onofrio, partner at Bessemer Venture Partners. “Unsurprisingly,
AI is now the highest-valued category. We continue to be excited by
how AI companies are scaling rapidly, transforming the cloud, and
propelling the next wave of growth, driving a massive
year-over-year jump in market cap of the list of over $150
billion.
"The past year, our industry has seen a generational step
forward in innovation, and with AI leading the charge, we are
witnessing one of the most important platform shifts in decades,"
said Paul Drews, managing partner at Salesforce Ventures. "The
Cloud 100 list represents the best of the best, and we've never
been more excited about what the future holds, not only for the
cloud but for the entire technology industry. We are proud of what
these founders and their communities have already accomplished, and
look forward to seeing how they continue to transform the industry
in the future."
The Forbes 2024 Cloud 100 and 20 Rising Stars lists are
published online at www.forbes.com/cloud100. Highlights of the list
appear in the August/September 2024 issue of Forbes magazine.
This year, the CEOs of The Cloud 100 and the 20 Rising Stars
companies will be honored with a digital content launch, as well as
at the exclusive Cloud 100 Celebration hosted by Bessemer Venture
Partners, Salesforce Ventures, and Forbes. A special thank you to
the event sponsors, including Amazon Web Services (AWS), Bank of
America, Cooley, Deloitte, Goldman Sachs, HSBC, J.P. Morgan, Morgan
Stanley, and Nasdaq.
Named a Leader in the 2024 Gartner® Magic Quadrant™ for iPaaS,
Workato enables enterprises to transform their business operations
by orchestrating business processes end-to-end and operationalizing
AI across the entire organization. Designed with best-in-class
security and governance, scalability, performance, and
availability, Workato’s low-code, no-code platform makes it easy
for IT and business teams to orchestrate their applications, data,
and experiences.
To learn more about Workato and the future of Enterprise
Orchestration, please visit www.workato.com.
About Workato
The leader in AI-driven enterprise orchestration, Workato helps
organizations drive business efficiency at scale without
compromising security and governance. Built for Business and IT
users, Workato is trusted by over 2,000 top brands, including
Broadcom, Zendesk, and Atlassian. Headquartered in Mountain View,
Calif., Workato is backed by Altimeter Capital, Battery Ventures,
Insight Venture Partners, Tiger Global, and Redpoint Ventures. For
more information, visit workato.com or connect with us on social
media:
- Blog: https://www.workato.com/the-connector/
- Systematic Community: https://systematic.workato.com/
- LinkedIn: https://www.linkedin.com/company/workato
- Twitter/X: https://twitter.com/workato
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong
foundations to build and forge long-standing companies. With more
than 145 IPOs and 300 portfolio companies in the enterprise,
consumer and healthcare spaces, Bessemer supports founders and CEOs
from their early days through every stage of growth. Bessemer’s
global portfolio has included Pinterest, Shopify, Twilio, Yelp,
LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more
than $18 billion of assets under management. Bessemer has teams of
investors and partners located in Tel Aviv, Silicon Valley, San
Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born
from innovations in steel more than a century ago, Bessemer’s
storied history has afforded its partners the opportunity to
celebrate and scrutinize its best investment decisions (see Memos)
and also learn from its mistakes (see Anti-Portfolio).
About Forbes
Forbes champions success by celebrating those who have made it,
and those who aspire to make it. Forbes convenes and curates the
most influential leaders and entrepreneurs who are driving change,
transforming business, and making a significant impact on the
world. The Forbes brand today reaches more than 140 million people
worldwide through its trusted journalism, signature LIVE, and
Forbes Virtual events, custom marketing programs, and 43 licensed
local editions in 69 countries. Forbes Media’s brand extensions
include real estate, education, and financial services license
agreements.
About Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies
that reinvent the way the world works. For over 15 years, we’ve
invested in and partnered with more than 400 of the world’s most
tenacious enterprise software companies from seed to IPO, including
Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com,
nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. We leverage our
decades of expertise in the cloud and our long-term relationships
with key decision-makers at thousands of businesses around the
world to give our portfolio companies an unfair advantage, help
them build credibility, and accelerate growth. Salesforce Ventures
has a $5BN portfolio of 300+ companies in more than 25 countries,
and has offices worldwide, including in San Francisco, Irvine, New
York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn
more at http://www.salesforceventures.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240806171844/en/
Joseph Hollister Communications Lead
joseph.hollister@workato.com
Amie Rubenstein Bessemer Venture Partners press@bvp.com