Pendo is proud to earn a spot on the Forbes 2021 Cloud 100 list and to count more than a third of its honorees as customers. The news caps off an exciting two weeks, as we achieved $100 million in annual recurring revenue, raised a $150 million round of venture capital, and beat our quarterly revenue goal.
Published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures, the Cloud 100 list is the definitive ranking of the top 100 private cloud companies in the world. Like most companies on this list, Pendo has been a benefactor of the rapid shift from in-person to digital-first experiences over the last 18 months. We’ve assisted on both sides of that digital transformation—helping other cloud companies build better software for their customers going digital, and enabling businesses directly as they build and drive adoption of internal software as part of their transformation.
What makes the 2021 Cloud 100 unique
One of the biggest shifts driving the growth of the Cloud 100 is in the way we work—Pendo is helping a growing number of companies onboard and train their employees and improve productivity in distributed or hybrid work environments.
“How we work has undergone a paradigm shift and businesses of all shapes and sizes are reimagining the tools that are needed to ensure working from anywhere is a sustainable, long-lasting solution,” said Alex Kayyal, Managing Partner, Salesforce Ventures. “The last 18 months have made digital transformation an urgent imperative and the cloud has never been more pivotal in powering our new digital economy.”
The Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year, ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). According to Alex Konrad, senior editor at Forbes, “The companies of the Cloud 100 list represent the best and brightest emerging companies in the cloud sector. Every year, it gets more difficult to make this list—meaning even more elite company for those who do.”
We congratulate all of the market-leading companies on the list, especially those who partner with Pendo to make software better.