Leading Enterprise Automation Platform ranks Among the World’s Top Private Cloud Companies
Workato, the leading enterprise automation platform, 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.
“We are again honored to be on the Cloud 100 list. This is a testament to our team and to many of our customers and partners who we are excited to share this honor with,” said Vijay Tella, co-founder, and CEO of Workato. “Enterprise Automation has been gaining momentum with companies across industries. Over this past year, we saw companies increase their automations by 3x and are seeing that trend accelerate as companies look to get more efficient and innovative in this challenging economic environment.”
“We are again honored to be on the Cloud 100 list. This is a testament to our team and to many of our customers and partners who we are excited to share this honor with”
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 ofa judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.
“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 years’ 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.“
This past year has been marked by significant milestones for Workato, showcasing its rapid growth and the continued demand for automation. Valued at $5.7 billion, the company held its second annual user conference, Automate 2022, which saw a 150% increase in registrations year over year, was named to the 2022 CNBC Disruptor 50 list, and became Great Place to Work-Certified, making the organization’s Best Workplace in the Bay Area, Best Workplaces for Millennials, and Best Medium Workplaces lists. Workato doubled down on its commitment to security and governance by introducing Workato Enterprise Key Management (EKM) for its customers. The company also expanded its investment in the APJ region, first by launching its own Indian subsidiary, addressing the growing automation demand in the India market, and second was accredited by the Infocomm Media Development Authority of Singapore (IMDA).