Collibra Named to the Forbes Cloud 100 for Fourth Consecutive Year
NEW YORK and BRUSSELS, Sept. 16, 2020 /PRNewswire/ -- Collibra, the Data Intelligence company, has been named to the Forbes 2020 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. Collibra was ranked 32 on the list this year – its fourth consecutive appearance – representing a 59-spot improvement since the company's debut in 2017 and a 22-spot improvement since just last year.
"In today's environment, companies are shifting to an entirely digital world with data at the core. Collibra's mission to make data meaningful has never been more important than it is now," said Felix Van de Maele, CEO and co-founder of Collibra. "It is an honor to be recognized on the Forbes Cloud 100 for the fourth time, and Collibra's ranking emphasizes the importance of data democratization and our ongoing commitment to providing that secure access to information which organizations need to meet critical business objectives."
In April 2020, Collibra announced a $112.5 million funding round at a post-money valuation of $2.3 billion, bringing the company's total venture funding to $345.5 million. The company recently launched the Collibra Data Intelligence Cloud, the first-ever integrated, cloud-based Data Intelligence platform for deep visibility into the data ecosystem, and created a free, public COVID-19 data catalog that helps hospitals, healthcare companies and public agencies derive insights to make impactful, data-driven decisions.
As part of the rigorous selection process for the Forbes 2020 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 pivate cloud ecosystem continues to mature in light of rapid digital transformations, 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. "Private cloud valuations are getting bigger as the market's appetite for cloud continues to grow. Over the past five years, the average Cloud 100 valuation has grown by a tremendous 2.5x, from $1 billion in 2016 to $2.7 billion in 2020. In fact, our 2020 Cloud 100 includes over 87 private cloud unicorns! These founders represent the absolute best in cloud computing today, and they will most certainly follow in the footsteps of our esteemed Cloud 100 alumni. More than a third of the companies of the Cloud 100 have exited either via strategic M&A, financial M&A or Initial Public Offering. Congratulations to these cloud leaders!"
"In the face of this unprecedented time, digital is an urgent imperative, and the pace of innovation is accelerating. Companies around the globe, across all industries must adopt cloud technologies to enable their digital transformation," said Matt Garratt, Managing Partner, Salesforce Ventures. "The opportunity is massive for the cloud -- there are now more than 25 public SaaS companies valued at over $10 billion whereas even five years ago there were only three. Sectors from collaboration and security to retail and healthcare, are being disrupted and becoming more digital. Salesforce Ventures is excited to be partnering with Bessemer Venture Partners and Forbes for the fifth year in a row to recognize those who are not just predicting what's coming but working to create the future."
"For five 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 data infrastructure to marketing, it's harder than ever to make the Cloud 100 list – but with more elite company if you do. Congratulations to each of the 2020 Cloud 100 honorees and the 20 Rising Stars honorees poised to join their ranks!"
The Forbes 2020 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2020 issue of Forbes magazine.
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