SEATTLE, September 16, 2020 / PRNewswire / – Outreach, the number one platform for sales engagement, was named in The Forbes Cloud 100 2020. It is the third consecutive year that the company has been named in the definitive ranking of the top 100 private cloud companies in the world.
“Being named to the Forbes Cloud 100 is the highlight of my year, not just because Outreach is on the list, but because nearly 60% of the companies listed are Outreach customers!” She said Manny medina, CEO of Outreach. “The companies that make up this list have a history of great things not just in the cloud space, but in the tech space in general. These high-growth companies are generating new jobs and inspiring confidence in tech markets. We are honored that Outreach is a part of of Forbes Cloud 100 for the third time and proud to be the only sales engagement platform on the list. Congratulations to everyone for being featured on Forbes 2020 Cloud 100. “
Forbes Cloud 100 is published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures. As part of the rigorous selection process for The Forbes 2020 Cloud 100, Bessemer Venture Partners has received contributions from hundreds of cloud startups. Cloud 100’s jury, made up of CEOs of public cloud companies, reviewed the data to select, rank and rank the top 100 private cloud companies from around the world. The evaluation process involved ranking companies based on four factors: market leadership (35%), estimated valuation (30%), operational metrics (20%) and people and culture (15%).
“The private cloud ecosystem continues to mature in light of rapid digital transformations, making the competition for one of the coveted Cloud 100 list steeper than ever,” he said. Byron Deeter, a leading cloud investor and partner of Bessemer Venture Partners. “Private cloud ratings are increasing as the market appetite for the cloud continues to grow. Over the past five years, the Cloud 100 average rating has grown 2.5 times, from $ 1 billion in 2016 to $ 2.7 billion in 2020. In fact, our Cloud 100 2020 includes over 87 private cloud unicorns! These founders represent the absolute best in cloud computing today and will surely follow in the footsteps of our esteemed Cloud 100 alumni. More than a third of the Cloud 100 companies have exited via strategic M&A, financial M&A, or Initial Public Offering. Congratulations to these cloud leaders! “
“In the face of this unprecedented period, digital is an urgent imperative and the pace of innovation is accelerating. Businesses around the world, across all industries, must embrace cloud technologies to enable their digital transformation,” he said. Matt Garratt, Managing Partner, Salesforce Ventures. “The opportunity is huge for the cloud – there are now more than 25 public SaaS companies rated above $ 10 billion while even five years ago there were only three. Industries, from collaboration and security, to retail and healthcare, are being disrupted and are becoming increasingly digital. Salesforce Ventures is thrilled to partner with Bessemer Venture Partners and Forbes for the fifth consecutive year to recognize those who not only predict what’s coming, but work to create the future. “
“We’ve been ranking the best and brightest emerging companies in the cloud for five years now,” he said Alex Konrad, Forbes publisher of The Cloud 100. “With so many fast-growing companies in the cloud, from data infrastructure to marketing, it’s harder than ever to make the list of Cloud 100, but with more elite companies if Do. Congratulations to each of the 2020 Cloud 100 winners and the 20 Rising Star winners are ready to join their ranks! “
Last year for Outreach was marked by important milestones that have shown its exponential growth. The tech unicorn recently closed a $ 50 million round of financing led by Sands Capital with the participation of Salesforce Ventures, increasing its valuation to 1.33 billion dollars. The company also expanded its geographic reach by opening its first two international offices in London is Prague and tripling east coast coverage with a expansion a New York. Outreach has recruited more top-tier tech talent, with regional VPs to lead the new offices, a Head of the financial office, Chief People Officer, is veteran of technology Sue Bostrom join the board. Outreach was listed as the fourth fastest growing company Technology Fast 500 by Deloitte 2019 and appointed a leader in Forrester Wave ™ Report: Q3 2020 Sales Commitment.
Forbes 2020 Cloud 100 and 20 Rising Stars listings are posted online at www.forbes.com/cloud100 and will appear in the September 2020 issue of Forbes magazine.
Outreach is the number one platform for sales engagement with the largest customer base and industry-leading usage. Outreach helps businesses dramatically increase productivity and drive smarter, deeper engagement with their customers. More than 4,500 companies such as Adobe, Tableau, DoorDash, Splunk, DocuSign and SAP depend on unprecedented and enterprise-scale customer adoption of Outreach and robust AI-driven innovation. Outreach is a privately held company based in Seattle, Washington. To find out more, visit www.outreach.io.
About Bessemer Venture Partners
Bessemer Venture Partners is the most experienced early stage venture capital firm in the world. With a portfolio of over 200 companies, Bessemer helps visionary entrepreneurs lay a solid foundation to build businesses that matter and supports them at every stage of their growth. The company has supported more than 120 IPOs, including Pinterest, Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, PagerDuty, DocuSign, Wix, and MindBody. Bessemer’s 15 partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, is India. For more information, visit www.bvp.com.
The defining voice of entrepreneurial capitalism, Forbes supports success by celebrating those who made it and those who aspire to make it. Forbes summons and heals the most influential leaders and entrepreneurs who drive change, transform business, and make a significant impact on the world. The Forbes brand now reaches more than 160 million people worldwide through its trusted journalism, exclusive LIVE and Forbes Virtual events, personalized marketing programs and 40 licensed local editions in 70 countries. Forbes Media’s brand extensions include licensing agreements for real estate, education, and financial services. For more information, visit the Forbes news hub or Forbes Connect.
Learn about Salesforce Ventures
Salesforce is the global leader in Customer Relationship Management (CRM), bringing businesses closer to their customers in the digital age. Salesforce Ventures, Salesforce’s global investment arm, invests in the next generation of enterprise technology that extends the power of the Salesforce platform. Salesforce Ventures is building the world’s largest ecosystem of enterprise cloud companies and is extending that technology to customers. Portfolio companies receive funding, strategic advice and operational support and can easily join Commitment 1% to make the return part of your business model. Salesforce Ventures has invested in more than 400 companies, including DocuSign, GoCardless, Guild Education, nCino, Twilio, Zoom and others in 22 countries since 2009. For more information, visit www.salesforce.com/ventures.