Cloud 100

“Ah, and these clump companies, as of, ah, as of recently, ah, command about two hundred billion dollars of value.”

“The top quartile companies have increased their growth rates from 65% in 2017 to over a hundred percent in 2019, and were able to maintain that growth rate in 2020, despite a lot of the headwinds that COVID presented.”

“And these companies are worth an impressive two hundred and sixty seven billion dollars and include some companies that Bessemer is really proud to work with, such as Procore, Toast, HashiCorp, and Canva.”

“So whereas the public cloud landscape had growth endurance of 80%, looking across the past five years of cloud 100 data, our same data set, we find that growth endurance is lower at 70%.”

“With the average cloud, 100 multiple increasing by over a 150% in the last five years from nine X ARR in 2016 to 23 X in 2020.”

“What we've seen in the last 12 months is that these two segments have grown dramatically thanks to COVID tailwinds and the broader trends towards cloud adoption, and these two segments actually represented the highest total valuation of subsectors on this year…”

“Again, out of the best cloud companies in the world, it was, they were growing an average of 60% in 2017, increasing to 90% in 2021.”

“The fastest growing segment within our cloud 100 list this year was fintech”

“The average cloud 100 company, so the top cloud companies in the world at any one moment, had a nine X ARR multiple in 2016, increasing 270% until 2021, where it earned a 34 X multiple.”

“In the past eight months alone, 55% of cloud 100 companies have launched a generative AI product or feature.”

“This year for the first year, The aggregate value of the Cloud 100 actually decreased year over year by 11%, still to a phenomenal 650, fifty nine billion dollars.”

“The average growth rate in a cloud-one-hundred business in twenty-twenty-two was a hundred percent, and this year went down to 55%.”

“23% of cloud 100 companies will be profitable by the end of this year, 2023, and two thirds are planning to be profitable by the end of 2024.”

“In 2021, the average cloud 100 multiple was 34 times, decreasing to 30 times in 2022, and 26 times in 2023.”