Prediction Held up AI assessment confidence: 99% certainty 4/5 debate potential 2/5

Multiple $10B+ private cloud companies will soon transition to public markets

Byron Deeter · 20VC: Bessemer's Byron Deeter On Lessons From Investing in 14 $Bn Companies, What The Heck Is Going On In Cloud Today and Why Cloud IPO Floodgates Are About To Burst Open · Jul 8, 2019 · at 10:06

Byron Deeter of Bessemer Venture Partners responds to concerns over delayed tech IPOs, forecasting an imminent wave of mega-cap cloud listings.

0:00 / 0:13exact quote · 13.4s

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“You're going to see these Ten billion dollar plus caliber companies starting to flip from private to public, and the lights will turn on on this segment in a way that public market investors and, frankly, the community more broadly doesn't yet fully appreciate”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

At least two private cloud companies valued at over $10 billion will transition to the public market.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Between July 8, 2019, and July 8, 2022, multiple private cloud companies with valuations exceeding $10 billion transitioned to the public market via IPO or direct listing. Snowflake Inc. held a private valuation of $12.4 billion in February 2020 before its September 2020 IPO. UiPath Inc. reached a private valuation of $10.2 billion in July 2020 (and $35 billion in February 2021) prior to its April 2021 IPO. Additionally, Palantir Technologies held a private valuation of ~$20 billion prior to its September 2020 direct listing. Since at least two (and up to five, including companies crossing $10 billion at IPO debut) private cloud companies met all criteria, the claim resolves as true.

Snowflake Inc. achieved a $12.4 billion private valuation in February 2020 and completed its IPO on September 16, 2020.
UiPath Inc. achieved a $10.2 billion private valuation in July 2020 ($35 billion in February 2021) and completed its IPO on April 21, 2021.
Palantir Technologies achieved a private valuation of ~$20 billion prior to its direct listing on September 30, 2020.

Checked against

[1] businessinsider.com [2] siliconangle.com [3] firassozan.com [4] channele2e.com [5] pe-insights.com [6] pe-insights.com [7] forgeglobal.com [8] geekwire.com

assessed as of 2026-07-23

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Byron Deeter cloud companies

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