Oct 1, 03:33 PM

Cloud 100 Celebrates Top Private Cloud Companies, AI Valuations, and Rising Stars with $820 Billion List

The Cloud 100, an annual event recognizing the world's top private cloud companies, was celebrated with the ringing of the Nasdaq Closing Bell. The 2024 Cloud 100 list highlights the significant impact of AI on cloud company valuations, with AI being the highest valued category at $176 billion. The cumulative list value of the top private cloud companies reached $820 billion, a 25% year-over-year increase, with an average valuation of $8.2 billion. Nearly 97% of the companies are expected to have over $100 million in annual recurring revenue by the end of the year. The event, which also honored Rising Stars, was organized by Bessemer Venture Partners, Forbes, and Salesforce.

#Cloud 100 #Nasdaq Closing Bell #Rising Stars #Bessemer Venture Partners #Forbes #Salesforce

Written with ChatGPT (GPT-4o).