Every fall for the last four years, Bessemer Venture Partners has published a Cloud 100 list of the top private cloud companies based on both quantitative and qualitative data.
It’s planning to publish the 2020 list this fall, but has shared data analysis from past lists with Business Insider, including that it has seen average valuations soar 58%.
The Bessemer team is expecting major IPOs and M&A exits from cloud startups in the coming year because of the increasing demand for cloud, which has only strengthened because of the coronavirus crisis.
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Valuations and demand for cloud startups are soaring despite — and perhaps in part because of — the coronavirus pandemic and the team at Bessemer Venture Partners is expecting some major cloud IPOs in the coming year.
Every fall for the last four years, Bessemer and Forbes Magazine have published The Cloud 100, a list of the top 100 private cloud companies, based on both quantitative and qualitative data. Over the years, Bessemer has seen the valuations and revenue for the cloud startups on the list skyrocket.
“Cloud valuations are getting bigger,” Mary D’Onofrio, vice president at BVP, told Business Insider. “It’s …read more
Source:: Businessinsider – Technology