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Freshworks Jumps Up the Forbes 2019 Cloud 100 List, Continuing Surge of RecognitionSAN MATEO, Calif., Sept. 16, 2019 /PRNewswire/ -- Freshworks Inc., the customer engagement software company, announced that, for the third consecutive year, the company has been named to the Forbes Cloud 100. This is the definitive list of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Partners. Freshworks first appeared on the list in 2017 at No. 95, was ranked No. 60 in 2018, and moved up to No. 40 this year. "Providing simple yet powerful customer engagement software has always been our main focus, and the market continues to embrace our approach," said Freshworks CEO and founder Girish Mathrubootham. "As our 2019 momentum continues, our latest jump in the Forbes Cloud 100 List completes a trifecta of analyst, customer and investor recognition we've received this year. Forbes' just-released ranking comes on the heels of our technology landing in three Gartner Magic Quadrant reports and recognition from peer review platform G2 Crowd." As part of the rigorous selection process for the Forbes 2019 Cloud 100, Bessemer Venture Partners received submissions from hundreds of cloud startups. The Cloud 100 Judging Panel, made up of public cloud company CEOs, reviewed the data to select, score and rank the top 100 private cloud companies from all over the world. The evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%) and people & culture (15%). "The private cloud ecosystem has matured, making the competition to land one of the coveted spots on the Cloud 100 list steeper than ever," said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. "In fact, the average valuation of a company on our inaugural list just four years ago was $1 billion, while the average valuation on this year's list spiked to $1.7 billion. Our 2019 Cloud 100 includes over 60 private cloud unicorns. These founders represent the absolute best in cloud computig today, and they will most certainly follow in the footsteps of our esteemed Cloud 100 alumni. In total, already 25 Cloud 100 alumni have gone public, and dozens have been acquired for over $1 billion each. Congratulations to these cloud leaders." "For four years now, we have ranked the best and brightest emerging companies in the cloud sector," said Alex Konrad, Forbes editor of The Cloud 100. "With so many businesses growing fast in the cloud, from cybersecurity and marketing to data analytics and storage, it's harder than ever to make the Cloud 100 list – but with more elite company if you do. Congratulations to each of the 2019 Cloud 100 honorees and the 20 Rising Stars honorees poised to join their ranks." The Forbes 2019 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2019 issue of Forbes magazine. Each year, the CEOs of the Cloud 100 and the 20 Rising Stars companies are honored at the exclusive Cloud 100 Celebration hosted by Bessemer Venture Partners, Salesforce Ventures and Forbes. Bessemer Venture Partners About Forbes About Freshworks ©2019 Freshworks Inc. All rights reserved. Freshworks, Freshdesk, Freshservice, Freshsales, Freshcaller, Freshteam, Freshmarketer, and the Freshworks logo are trademarks or registered trademarks of Freshworks Inc. View original content to download multimedia:http://www.prnewswire.com/news-releases/freshworks-jumps-up-the-forbes-2019-cloud-100-list-continuing-surge-of-recognition-300918141.html SOURCE Freshworks |