Forbes ranking reveals global cloud leaders

Picture: Dave McJannet, CEO of HashiCorp

Cloud-native data warehouse company Snowflake topped this year’s Forbes Cloud 100 list, an annual ranking of the world’s top privately-owned cloud companies.

 

Snowflake, which has since closed its IPO so as a public company will not be eligible for next year’s ranking, is an analytic data warehouse delivered as Software-as-a-Service (SaaS). The Snowflake data warehouse uses a new SQL database engine with a unique architecture designed for the cloud.

 

Produced for the fifth consecutive year in partnership with Bessemer Venture Partners and Salesforce Ventures, the Cloud 100 recognizes standouts in the cloud sector. Companies on the list are selected for their growth, sales, valuation and culture, as well as a reputation score derived in consultation with 43 CEO judges and executives from their public-cloud-company peers.

 

Online payments company Stripe dropped to second place after three years in the leading spot, and robotics player UiPath came in third. HashiCorp, a leader in multi-cloud infrastructure automation software, was named number four for the second consecutive year.

 

“It is an honour to be recognized as one of the top private cloud companies for the third year in a row,” said Dave McJannet, CEO of HashiCorp. “Large organizations have accelerated the drive to run their IT infrastructure on multiple clouds in order to provide the flexibility their businesses need.”

 

This year’s ranking has a record combined value of about $270 billion pointing to a global cloud and cloud-native sector that is bigger and stronger than ever.

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