Bessemer Venture Partners recently released their 9th annual Cloud 100 Report. Dave "CAC" Kellogg and Ray "Growth" Rike dive deep into the impact of AI companies on the top 100 private cloud companies which increased their aggregate enterprise value to $820B and increased their growth rate to 70%!
Key highlights Dave and Ray discuss include:
- Aggregate enterprise value of the Cloud 100 increased 25% year over year
- Average growth rate increased from 55% in 2023 to 70% in 2024
- 97% of the Cloud 100 will be over $100M ARR by the end of the year
- Top 10 companies in the Cloud 100 represent ~ 30% of the total Enterprise Value
- Ai companies represent the top category of the Cloud 100 EV (21% of total)
- EV:Revenue multiples are down YoY (23x) but still at very attractive levels
As a follow-on to the BVP "State of the Cloud 2024 Report" the Cloud 100 highlights the era of AI has moved from hype to reality as measured by growth rates and enterprise value!
If you are interested in the latest "CLOUD" industry trends as measured by company value, revenue growth rates and industry impact this episode is a must listen!
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