Visual development leaders rank #50 on esteemed list after crossing $4B valuation and achieving over $100M in annual recurring revenue
Webflow, the leading visual development platform for building powerful no-code websites, has been named to the Forbes 2022 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. Webflow was recognized as the #50 company on the list, up from #69 in 2021 and #95 in 2020.
“Being on the Forbes Cloud 100 along with companies we admire is a true honor and makes us proud of Webflow’s strong momentum over the past year—from closing our Series C to expanding our executive team to unveiling our $10 million community grants program,” said Vlad Magdalin, co-founder and CEO of Webflow. “Being recognized for three consecutive years on this list of great companies further validates our mission to bring the life-changing power of web development to everyone, while also helping startups and enterprises transform how they build their main websites.”
In the past year, Webflow announced a $120 million Series C funding round, which brought the company to a $4 billion valuation with over $100M in annual recurring revenue (ARR). The company added several new roles to the executive team, naming seasoned cloud executives Linda Tong as COO, Shane Murphy-Reuter as CMO and Mike Podobnik as VP of People. Webflow also introduced a raft of new solutions to help anyone build more powerful websites, including powerful tools like memberships and logic. Webflow serves more than 200,000 customers, helping startups, agencies and enterprises like Vice Media, Shift, Rakuten, Dell and Discord build powerful websites with no code.
For the seventh straight year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.
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“The companies of the Cloud 100 list represent the best and brightest private companies in this fast-growing sector,” said Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2022 Cloud 100 honorees.”
“The public markets may be in turmoil, but the private valuations of the Cloud 100 continue to rise. All of the 2022 Cloud 100 honorees, again, have reached the $1 billion valuation milestone, and the average Cloud 100 valuation has skyrocketed to $7.4 billion,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “Despite the market correction in 2022, our confidence in the cloud economy continues to grow—today over 70% of the 2022 Cloud 100 Honorees have reached or exceeded $100 million in annual recurring revenue making them cloud Centaurs. An additional 10% of the list is expected to hit this milestone by the end of the year, furthering our conviction that this year’s honorees truly represent the best cloud companies globally.”
“Great companies are born out of all environments, and it’s exciting to see the continued momentum in the cloud sector,” said Alex Kayyal, Managing Partner, Salesforce Ventures. “The companies on this list have gone through a rigorous selection process, and join an esteemed alumni list of Cloud 100 companies. As the need for digital transformation continues to drive innovation and efficiencies across industries, we can look to these companies as the absolute best in cloud computing.”
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