NEW YORK, September 11, 2019 (Newswire.com) - Sisense, the world’s leading analytics platform for builders, was named No. 36 on the Forbes 2019 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.
“This incredible recognition is an acknowledgment of Sisense’s unique position as the only independent analytics platform for builders today,” said Amir Orad, CEO of Sisense. “Our success is rooted in our focus on empowering these builders to provide deep insights to everyone within and outside their company. Sisense has had an incredible year of growth and development and we’re incredibly proud to be recognized by the Cloud 100 team as one of the top private cloud companies in the world, and to be the underlying BI analytics technology for many of the top cloud companies, private and public.”
“The private cloud ecosystem has matured, making the competition to land one of the coveted spots on the Cloud 100 list steeper than ever,” said Byron Deeter, a top cloud investor, and partner at Bessemer Venture Partners. “In fact, the average valuation of a company on our inaugural list just four years ago was $1 billion, while the average valuation on this year’s list spiked to $1.7 billion. Our 2019 Cloud 100 includes over 60 private cloud unicorns! These founders represent the absolute best in cloud computing today, and they will most certainly follow in the footsteps of our esteemed Cloud 100 alumni. In total, already 25 Cloud 100 alumni have gone public, and dozens have been acquired for over $1 billion each. Congratulations to these cloud leaders!”
“For four years now, we have ranked the best and brightest emerging companies in the cloud sector,” said Alex Konrad, Forbes editor of The Cloud 100. “With so many businesses growing fast in the cloud, from cybersecurity and marketing to data analytics and storage, it’s harder than ever to make the Cloud 100 list – but with more elite company if you do. Congratulations to each of the 2019 Cloud 100 honorees and the 20 Rising Stars honorees poised to join their ranks!”
This award marks the latest in a series of milestones and recognitions for Sisense, who was recently named as a leader among enterprise business intelligence platforms in the latest Forrester Waveand as an industry leader in business intelligence in Dresner’s Wisdom of Crowds study. Sisense also appeared on the Forbes Cloud 100 in 2018, rising five spots this year from No. 41 to No. 36. Following its merger with Periscope Data this spring, Sisense now serves more than 2,000 clients around the world, including Fortune 500 companies and smaller startups alike, all of whom utilize Sisense to turn deep data insights into action with the speed, power and flexibility they need to gain a competitive advantage. Sisense empowers many clients on this year’s Forbes Cloud 100 list to run their businesses more efficiently.
As part of the rigorous selection process for the Forbes 2019 Cloud 100, Bessemer Venture Partners received submissions from hundreds of cloud companies. The Cloud 100 Judging Panel made up of public cloud company CEOs, reviewed the data to select, score, and rank the top 100 private cloud companies from all over the world. The evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).