Gong, the Revenue Intelligence leader, today announced it has been named to the Forbes 2023 Cloud 100, the definitive ranking of the top 100 privately-held cloud companies worldwide. 2023 marks the fourth straight year Gong has been named to the list, which is published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
“We’re thrilled to be included on the Forbes Cloud 100 list again this year, especially coming on the heels of expanding our Revenue Intelligence Platform with Engage, our AI-enabled sales engagement solution and our proprietary AI models built specifically for sales teams,” said Gong co-founder and Chief Product Officer, Eilon Reshef. “Combining the power of the cloud and AI, we’re delivering on our mission to transform revenue organizations with customer insights that improve decision-making and drive efficient revenue growth.”
For the eighth consecutive year, the Cloud 100 committee 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.
“The companies of the Cloud 100 list represent the best and brightest private companies in this crucial tech sector,” said Kenrick Cai, the Forbes editor of the Cloud 100. “This year’s companies had to react rapidly to AI’s sweeping impact while contending with a market pullback. Their resilience puts them in elite company. Congratulations to each of the 2023 Cloud 100 honorees and the 20 Rising Stars who are showing early potential to one day join their ranks.”
“This year’s Cloud 100 list is one of the most dynamic in history. While the industry faced macro headwinds, the 2023 Cloud 100 winners displayed the innovation and resilience of the cloud economy and the combination of growth and efficiency that prove the power of the cloud business model. 95% of the honorees are forecasted to reach Centaur status — $100 million of annual recurring revenue — by the end of the year,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “It is further exciting to see so many honorees at the forefront of the AI revolution, which we believe will continue to transform the cloud and propel the next wave of growth for many of this year’s winners.”
“The past year our industry has seen a generational step forward in innovation and with AI leading the charge, we are witnessing one of the most important platform shifts in decades,” said Paul Drews, managing partner, Salesforce Ventures. “The Cloud 100 list represents the best of the best and we’ve never been more excited about what the future holds, not only for the cloud but for the entire technology industry. We are proud of what these founders and their communities have already accomplished and look forward to seeing how they continue to transform the industry in the future.”
The Gong Revenue Intelligence Platform helps companies transform their organizations with customer-driven insights at scale. As companies continue to prioritize efficient revenue growth, they are consolidating on Gong’s AI-powered platform to automate critical selling workflows, improve decision-making, and close more deals.
The Forbes 2023 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2023 issue of Forbes magazine.
This year, the CEOs of The Cloud 100 and the 20 Rising Stars companies will be honored with a digital content launch, as well as at the exclusive Cloud 100 Celebration hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes. A special thank you to the event sponsors, including Amazon Web Services (AWS), Bank of America, Cooley, Deloitte, HSBC, J.P. Morgan, Morgan Stanley, Nasdaq, and Qatalyst Partners.
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