Cloudinary is Named to the Forbes Cloud 100 for Sixth Consecutive Year

For the sixth consecutive year, Cloudinary has been named to the Forbes 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.

A leader in AI-powered image and video management, 10,000 customers and 1.5 million users rely on Cloudinary to bring their engaging visual stories to life with ease. At a time where the visual experience is the experience, leading and emerging brands such as Bleacher Report, Dow Jones, Minted, Neiman Marcus, Nintendo, Paul Smith and Rapha trust Cloudinary to automate the resource-consuming yet business-critical work that comes with managing and delivering massive amounts of visual content at scale.

“We are honored to be once again included in the Cloud 100, and to be recognized alongside the leaders that make up this year’s list,” said Cloudinary Co-founder and CEO Itai Lahan. “For more than a decade the most successful brands in the world have relied on Cloudinary, and our intelligent image and video platform, to tell the most captivating visual stories ever told. We’re thrilled to help our customers, partners and users unleash the full potential of their images and videos and deliver experiences that connect and convert in today’s ever-challenging visual-first world.”

For the eighth 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.

Also Read : Navisite Appoints Chief Customer Officer

“The companies of the Cloud 100 list represent the best and brightest private companies in this crucial tech sector,” said Kenrick Cai, the Forbes editor of the Cloud 100. “This year’s companies had to react rapidly to AI’s sweeping impact while contending with a market pullback. Their resilience puts them in elite company. Congratulations to each of the 2023 Cloud 100 honorees and the 20 Rising Stars who are showing early potential to one day join their ranks.”

“Cloudinary This year’s Cloud 100 list is one of the most dynamic in history. While the industry faced macro headwinds, the 2023 Cloud 100 winners displayed the innovation and resilience of the cloud economy and the combination of growth and efficiency that prove the power of the cloud business model. 95% of the honorees are forecasted to reach Centaur status $100 million of annual recurring revenue  by the end of the year,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “It is further exciting to see so many honorees at the forefront of the AI revolution, which we believe will continue to transform the cloud and propel the next wave of growth for many of this year’s winners.”

“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, 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.”

SOURCE : BusinessWire